Toronto Real Estate Market Performance: August 2009 Mid-Month Statistics
August 19th, 2009 Categories: Mid-Month Statistics, News Wire
Welcome to my mid-month activity report for the Toronto 2009 real estate market. Brief and to the point, it’s my virtual flip chart of the numbers Toronto buyers and sellers can use over time to make good real estate decisions. If interested, a more detailed statistical breakdown can be found on the Toronto Real Estate Board (TREB) website.
Let’s get started!
Toronto MLS
Real Estate Statistics
In the City of Toronto (defined as the 416 area code), sales increased 22.9% compared to a year ago, with 1,465 transactions written.
Also in the City of Toronto, the average price for a home is now $391,252, representing a slight 0.84% decrease from the $394,563 average recorded in mid-August 2008.
The Greater Toronto Area (GTA) reported 3,832 transactions in the first half of August, up 26.93% from the same period last year. The average price was $383,796, representing a 2.66% increase from the $373,844 recorded last year at this time.
Numbers related to inventory and Days On Market (DOM) will be available after month-end in my August 2009 Market Report.
Toronto Real Estate
Market Activity Summary
Buyer confidence rules the market. Sales are UP. Average price is holding its own. According to TREB, “demand will contribute to broader economic recovery as each transaction results in substantial spin-off benefits to other sectors of the economy”. Nice!
Thinking of buying or selling? Numbers are helpful, but a knowledgeable Toronto real estate agent is invaluable. Call Lauren at 416–550–6991, or send me an email.
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I would like to view the bi-month real estate report. Thanks,
Vivian