GTA Resale Housing Sales Up 19 Per Cent in the First Half of June

June 17, 2009 --Greater Toronto REALTORS® reported 5,185 transactions in the first half of June - an increase of 19 per cent compared to the same period last year. "Households in the GTA have become more confident in purchasing a home over the past three months," said TREB President Maureen O'Neill. "Affordability, due in part to very low borrowing costs, has played a key role."

 

Households in the GTA have become more confident in purchasing a home over the past three

months," said TREB President Maureen O'Neill. "Affordability, due in part to very low borrowing

costs, has played a key role."

The average price for MLS® sales was $407,716, up by two per cent compared to last year.

"Heightened interest in ownership housing this spring has solidified resale home prices,"

according to Jason Mercer, TREB's Senior Manager of Market Analysis. "The number of home

buyers has been high relative to the number of listings, pushing the average price above last

year's level."

Summary Of Mid-June Sales And Average Price

June

2009 2008

Sales

Average

Price Sales Average Price

City of Toronto ("416") 2,023 $449,946 1,733 $439,469

Rest of GTA ("905") 3,162 $380,698 2,641 $371,686

GTA 5,185 $407,716 4,374 $398,542

Source: Toronto Real Estate Board

 

Greater Toronto REALTORS® are passionate about their work. They adhere to a strict Code of

Ethics and share a state-of-the-art Multiple Listing Service. Serving over 28,000 Members in the

Greater Toronto Area, the Toronto Real Estate Board is Canada's largest real estate board.

Greater Toronto Area open house listings are now available on

www.TorontoRealEstateBoard.com.

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TAKEN FROM TREB

Ernie Arrizza

Ernie Arrizza

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