TREB President's Toronto Star Column: GTA Real Estate Market Soaring

November 9, 2009 -- It has been a red-hot autumn in the Greater Toronto Area resale housing market. In the first two weeks of October, Greater Toronto REALTORS® reported 3,631 sales, a 34 per cent increase compared to the same period a year ago. The average price of GTA homes sold during this timeframe also grew, by 17 per cent, to $414,479. Condominium sales increased 23 per cent to 857 transactions, with an average price of $292,439, up 12 per cent year over year.

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