TORONTO, October 3, 2013 - Greater Toronto Area REALTORS reported 7,411 residential sales through the Toronto MLS system in September 2013, representing a 30 per cent increase compared to 5,687 transactions reported in September 2012. Year-to-date, total residential sales reported through Toronto MLS amounted to 68,907 during the first nine months of 2013 - down by one per cent compared to the same period in 2012.
"It's a great news that households have found that the costs of home ownership, including mortgage payments, remain affordable. This is why the third quarter was characterized by renewed growth in home sales in the GTA. We expect to see sales up for the remainder of 2013, as the pent-up demand that resulted from stricter mortgage lending guidelines continues to be satisfied," said Toronto Real Estate Board President Dianne Usher.