In September 2009, Greater Toronto REALTORS® reported 8,196 sales, up 28 per cent from
September 2008. The average price for September transactions was $406,877 – up by 10 per cent
compared to the same month last year.
“We have experienced an increasing rate of existing home price growth in the GTA as sales have continued outpace 2008 results,” said TREB President Tom Lebour. “Consumers have remained
confident in ownership housing as a long-term investment.”
Year-to-date sales, at 66,437 were up 4.5 per cent compared to the first nine months of 2008. Average price, at $388,417 was up by almost 1.5 per cent.
“Existing home sales will finish strong this year, pushing through the 80,000 mark and moving in
line with some of the best years on record under the current TREB market area,” according to Jason
Mercer, TREB’s Senior Manager of Market Analysis.
This is a fantastic time to sell real estate and if you, or anyone you know, is thinking of selling, please contact us for a free Comparative Market Assessment and also the opportunity to earn up to 30,000 Aeroplan miles!
Paul Magnus or timothy J. Burke, Sales Representatives
Coldwell Banker Terrequity Realty, Brokerage