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Toronto Real Estate Board:
GTA Realtors Report Monthly Resale Housing Figures
Greater Toronto Realtors reported 9,470 sales through the Multiple Listing Service® (MLS®) in May, representing a one per cent dip from May 2009. In comparison to previous years, this was the third highest May sales result on record.
"The pace of transactions slowed in May following record-setting sales in February, March and April," said Toronto Real Estate Board President Tom Lebour. "Buyers who otherwise would have been purchasing a home in May moved more quickly this year, likely to get ahead of mortgage rate hikes."
New listings were up 38 per cent annually to 18,940. The average price for May transactions was $446,593 – up 13 per cent compared to the average of $395,609 recorded in May 2009.
"The gap between listings and sales has widened, which means there is more choice for buyers," said Jason Mercer, TREB's Senior Manager of Market Analysis. "The annual rate of price growth will slow in the second half of 2010, from the current double digit pace into the single digits."
See the Toronto Real Estate Market Watch report »
June 3, 2010 in Toronto Real Estate Board | Permalink
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Comments
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Posted by: Pol | Jul 14, 2010 9:03:22 AM
Using purly technical wave pattern analysis Toronto Real Estate has completed a 5 wave uptrend and now begins 3 waves down, Average home price in Toronto at peak, $440,000 x .618 = $271,920 retracment. $440,000 - $271,920 = $168,080 for the avaerage home price at the end of this correction.
HT
Posted by: Herb Tannhauser | Jun 27, 2010 9:48:16 PM
Brampton is crashing hard as people maxed out on debt need to sell before they go bankrupt. my agent tells me brampton is a great place to give low ball offer $100,000 or more off a 400-500 thousand dollar home. He tell me people need to sell or else they will go bankrupt.
Posted by: frank | Jun 22, 2010 5:10:55 PM
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