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Toronto sales down, average price up

GTA Realtors Report Monthly Resale Housing Market Trends

Greater Toronto Realtors reported 4,138 sales during the first two weeks of March 2011 – a five per cent decrease compared to the first two weeks of March 2010. The number of new listings also dipped – down by 15 per cent compared to the same period last year.

"A positive economic outlook for the Greater Toronto Area, including steady growth in jobs and incomes, has kept households confident in their ability to purchase and pay for a home over the long term," said Toronto Real Estate Board (TREB) President Bill Johnston.

The average price for transactions during the first 14 days of March was $460,196, representing a 4.6 per cent increase compared to the first two weeks of March 2010.

"Market conditions are tighter compared to this time last year, resulting in more competition between buyers and sustained upward pressure on the average selling price. The annual rate of price growth is expected to range between three and five per cent in 2011," said Jason Mercer, TREB's Senior Manager of Market Analysis.

See mid-month real estate report »

March 17, 2011 in Toronto Real Estate Trends, Toronto Real Estate Update | Permalink

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The Toronto sales are down but average price are up

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Posted by: Calgary Real Estate | Oct 13, 2011 4:51:56 PM

If are planning to invest in real estate then maybe now is not the perfect time as there is uncertainty in the market place. But if you are a seasoned real estate investor then you may be better positioned to pick up properties while house prices are lower and take advantage of the low interest rates. If you are looking for a personal residence, I think home ownership is still a viable option in Calgary as opposed to renting. You have to remember the market is different in every area and each community respectfully within a city. Some areas in Calgary have not been as affected as others.

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