GTA REALTORS® REPORTING JANUARY MID-MONTH HOUSING STATISTICS

TORONTO, January 18, 2010

sales on the Multiple Listing Service (MLS®) during the first two weeks of January. This result

was almost double the 888 sales reported for the same period in 2009, when sales had dipped

to a recessionary low.

“We have had a strong start to 2010,” said Toronto Real Estate Board President Tom Lebour.

“Widespread sales growth in terms of geography and housing type indicates that many

households remain confident in their ability to purchase and pay for a home over the long-term.”

The average price for transactions in the first two weeks of January was $395,307, compared to

an average of $332,495 for the same period in 2009.

“Double-digit average annual price growth will continue through the first quarter of 2010 as sales

remain high relative to listings and we continue to make comparisons to last year’s winter

downturn,” said Jason Mercer, TREB’s Senior Manager of Market Analysis.

 

- Greater Toronto REALTORS® reported 1,749 existing home

 

 

Summary Of January Sales And Average Price

January

                                                                             2010                                                                                  2009

                                                  Sales            Average Price                                 Sales              Average Price

City of Toronto ("416")             708             $401,120                                          369                    $350,835

Rest of GTA ("905")                    1,041          $391,353                                          519                    $319,455

GTA                                              1,749          $395,307                                          888                    $332,495

Source: Toronto Real Estate Board

 

 

 

 

 

 

Ernie Arrizza

Ernie Arrizza

Sales Representative
CENTURY 21 Kelleher Real Estate Inc., Brokerage*
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