TORONTO-Greater Toronto REALTORS® reported 3,012 sales through the Multiple Listing Service® (MLS®) during the first two weeks of October 2010. This represented a 17 per cent decrease compared to the 3,631 sales recorded during the same period in 2009. Year-to-date sales amounted to 71,988, representing
a experienced in the second President Bill Johnston. The average price for October mid-month transactions was $444,644 – up seven per cent,
“We are seeing enough buyers relative to sellers to promote continued price growth year-over-year. People are buying because home ownership remains affordable in the GTA
A household earning the average income can comfortably afford a mortgage on the average priced resale home,” said compared to the average of $414,479 recorded during the first 14 days of October 2009. three per cent increase compared to 2009.
“The GTA resale market is balancing out from the record level of sales half of 2009 and first few months of 2010. This is why sales figures have been lower than 2009 levels in recent months. With this said, it should be noted that the annual rate of decline slowed somewhat through the first two weeks of October,” said Toronto Real Estate Board Jason Mercer, TREB’s Senior Manager of Market Analysis.
Sales 416 905 Total 416 905 Total DetachedYr./Yr. % Change 458
14%977
20% 1,435
18%734,089
16%485,16115% 564,721110% Semi‐Detached
Yr./Yr. % Change144
14%180
27%324
22%487,755
7%340,263
6% 405,815
8%Townhouse
Yr./Yr. % Change 127
28% 330
8% 457
15% 390,658
1%307,434
2% 330,562
1%Condo Apartment
Yr./Yr. % Change 535
9% 211
21% 746
13% 334,900
5% 247,218
5% 310,100
6%Source: Toronto Real Estate Board
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