GTA RESALE HOUSING MARKET POST BEST JUNE ON RECORD

TORONTO, July 6, 2009

In June 2009, Greater Toronto REALTORS® reported a record 

The seasonally adjusted annual rate of sales in June was 100,700.1

10,955 sales, up 27 per cent from June 2008.

"The record result in June is testament to the fundamentally sound housing market in the GTA,"

said the Toronto Real Estate Board's newly appointed President Tom Lebour. "An increasing

number of households have been confident in purchasing a home in the region's affordable and

diverse resale housing market."

The average price for June transactions was $403,972 - up by two per cent compared to the

same month last year.

"The re-emergence of seller's market conditions has exerted upward pressure on home prices,"

explained Jason Mercer, TREB's Senior Manager of Market Analysis. "Look for sales to remain

high relative to listings in the second half of the year. This will keep home prices growing."

TAKEN FROM TREB.

ERNIE ARRIZZA IS A FULL MEMBER OF THE TORONTO REAL ESTATE BOARD

Ernie Arrizza

Ernie Arrizza

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