Greater Toronto Realtors reported 5,185 transactions in the first half of June – an increase of 19% compared to the same period last year.
“Households in the GTA have become more confident in purchasing a home over the past three months,” said Toronto Real Estate Board President Maureen O’Neill. “Affordability, due in part to very low borrowing costs, has played a key role.”
The average price for MLS sales was $407,716, up by 2% compared to last year.
“Heightened interest in ownership housing this spring has solidified resale home prices,” according to Jason Mercer, the Toronto Real Estate Board’s Senior Manager of Market Analysis. “The number of home buyers has been high relative to the number of listings, pushing the average price above last year’s level.”
Summary Of Mid-June Sales And Average Price
City of Toronto (416) sales up 16.7% and prices up 2.4%
2009 Sales: 2,023 | 2009 Average Price: $449,946
2008 Sales: 1,733 | 2008 Average Price: $439,469
Rest of GTA (905) sales up 19.7% and prices up 2.4%
2009 Sales: 3,162 | 2009 Average Price: $380,698
2008 Sales: 2,641 | 2008 Average Price: $371,686
All of GTA (416 & 905) sales up 18.5% and prices up 2.3%
2009 Sales: 5,185 | 2009 Average Price: $407,716
2008 Sales: 4,374 | 2008 Average Price: $398,542
For a complete copy of the Market Watch Report visit www.TorontoRealEstateBoard.com Greater Toronto Realtors are passionate about their work. They adhere to a strict Code of Ethics and share a state-of-the-art Multiple Listing Service. Serving over 28,000 Members in the Greater Toronto Area, the Toronto Real Estate Board is Canada’s largest real estate board.
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