« Strong August Home Sales in the GTA | Main | Strong September for Toronto Realtors »
Toronto sales up 25% over last year
Greater Toronto Realtors reported 3,149 transactions during the first 14 days of September, representing an increase of more than 25% in comparison to the first two weeks of September 2010. New listings over the same period, at 6,890, were up by 14% compared to last year.
“Purchasing and paying for a home over the long term represents the single largest financial commitment most households will make over a lifetime. To make this commitment, households must be confident in their economic prospects,” said Toronto Real Estate Board President Richard Silver. “The fact that sales continued to grow through the first half of September suggests that GTA households remain confident that the economy will remain buoyant.”
The average selling price in the first half of September was $454,194 – an increase of 11 per cent compared to the same period in September 2010. “Strong price growth in the GTA continues to be mitigated by a solid affordability picture. Mortgage rates will remain at or near current levels until the second half of 2012 if not into 2013,” said Jason Mercer, the Toronto Real Estate Board’s Senior Manager of Market Analysis.
“In response to strong price growth, more households chose to list their homes for sale in comparison to last August. Growth in listings is expected to continue. Increased choice will result in more sustainable rates of price growth,” continued Mercer.
See the Toronto Real Estate Board Report »
September 16, 2011 in Toronto Real Estate Update | Permalink
TrackBack
TrackBack URL for this entry:
https://www.typepad.com/services/trackback/6a00d8341c51e453ef014e8b9e2946970d
Listed below are links to weblogs that reference Toronto sales up 25% over last year:
Comments
25% is really a excellent job,now a days in real estate world it is really hard achieve the target sales,in Finland most of the real estate only increase their sale into 5% this year and it look really bad.
Posted by: Tuija Lumme | Oct 8, 2012 8:41:25 AM
Thanks for sharing this
SL
www.cloudrealestate.ca
Posted by: Cloud Real Estate | Jan 20, 2012 3:35:45 PM
This is a good news. I will share this to my friends near the place.
Andy
Posted by: Philippines properties for sale | Dec 12, 2011 8:02:30 PM
I wants to thank for the wonderful read because of the informative information and sharing the thoughts to us....
Posted by: Insulators Calgary Alberta | Nov 24, 2011 5:55:37 AM
Great post. Notes for sale, real estate mortgage notes, note for sale, buy notes, sell notes, discounted real estate notes, mortgage notes for sale, and real estate secured notes. Visit http://www.fciexchange.com
Posted by: FCI Exchange | Nov 17, 2011 4:04:37 PM
The comments to this entry are closed.
