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Toronto Real Estate Board reports:
GTA Realtors Mid-Month Resale Housing Market Figures
Greater Toronto Realtors reported 3,084 sales during the first two weeks of February 2011 – a 13 per cent decrease compared to the first two weeks of February 2010. "We are on pace for a strong sales result in February, but transactions will come in lower than the record result reported last February. Sales remain strong because the GTA resale market contains a diversity of housing types catering to a wide array of home ownership needs," said Toronto Real Estate Board (TREB) President Bill Johnston.
The average price for transactions during the first 14 days of February was $451,257, representing a five per cent increase compared to the first two weeks of February 2010. "Average selling price growth for existing homes is expected to range between three and five per cent this year. Tighter market conditions over the last four months have pushed price growth to the top end of this range," said Jason Mercer, TREB's Senior Manager of Market Analysis.
See full Toronto Real Estate Board report »
February 17, 2011 in Toronto Real Estate Board | Permalink
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Comments
That's a ton of sales for a 2 week span!
Posted by: Owner Financed Homes Austin | Apr 11, 2011 12:12:08 PM
Sales are really bad and realtors are getting worried as sales are down for NINE MONTHS IN A ROW. Realtors will spin and lie for a dolalr. Realtors/bankers are true scum and should be locked up for financial crimes. Brampton STILL has not put out horrible sales numbers. Word is Brampton is ground zero for the housing crash. Anyone buying in Brampton will lose 50% of their money in less then one year. Sales and prices are CRASHING HARD in Brampton and power of sales are WAY UP. It's a HUGE housing crash in Brampton.
Posted by: Pete | Mar 1, 2011 12:40:37 PM
thanks man for this resouirceful article. i try recommending my friends to this blog or site
Posted by: Tayo | Feb 23, 2011 9:07:22 AM
i find it hard to believe that home sale is geting high.
Posted by: Abbey | Feb 18, 2011 11:37:09 AM
well, thanks for this report. i do find it very helpful.thanks
Posted by: Abbey | Feb 18, 2011 11:35:40 AM
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