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Toronto Real Estate Market

GTA Realtors Report Monthly Resale Housing Market Figures

Greater Toronto Realtors reported 9,262 transactions through the TorontoMLS® system in March 2011, representing the second best March result on record. The number of transactions was 11 per cent lower than the record result reported in March 2010.

“The strong home sales reported in March and throughout the first quarter of 2011 have been based on a solid affordability picture and improving economic conditions in the GTA and country-wide,” said Toronto Real Estate Board (TREB) President Bill Johnston.

The average selling price for March 2011 was up five per cent year-over-year to $456,147. The strongest average annual price growth was reported for condominium apartments and semi-detached houses, at approximately seven per cent for both home types.

“Market conditions were tighter in March compared to last year. With more competition between buyers, we have seen a strong but sustainable rate of price growth,” said Jason Mercer, TREB’s Senior Manager of Market Analysis.

See Toronto Market Watch report »

April 5, 2011 in Toronto Real Estate Market | Permalink

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Comments

It's good to hear that the real estate industry in Toronto is back in pace. I hope the same would happen in the U.S.

Posted by: New Homes for Sale Connecticut | Oct 3, 2011 5:30:39 AM

I agree with you Cyrus. Having good working relationship with the members can help the team become more competitive. It's not always the strategy; it's on how each of you will handle the problems you may encounter.

Posted by: makati for rent | Aug 3, 2011 5:46:21 AM

All part of the cycle.

Posted by: Austin Homes | May 20, 2011 8:09:03 AM

Its great informative blog.Now a days real estate is unpredictable and critical marketing technique.Its purely depend on the share market risks.I really love the content you have posted in this blog.I appreciate for your great efforts towards real estate market.

Posted by: drupal web developer | Apr 26, 2011 9:10:36 AM

The market in Toronto will continue to increase forever! It is the only asset in history that has ever done this. This land is made of gold I say!

Posted by: Ahsan Zaman | Apr 13, 2011 12:19:00 PM

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