GTA REALTORS® report resale record in July

In July 2009, Greater Toronto

REALTORS® reported a record 9,967

sales, up 28 per cent from July 2008.

The average price for July transactions

was $395,414 – up by six per cent

compared to the same month last year.

“Households confident in their

positioning within the current economic

environment have taken advantage

of housing affordability in the GTA,”

said TREB President Tom Lebour. “The

real estate sector has been one of the

sectors making a positive contribution

to economic growth in the GTA, not

to mention Ontario and Canada more


Year-to-date sales, at 50,632 are

down 1.2 per cent compared to the

first seven months of 2008. Average

price, at $385,808 is down by less

than one-half of one per cent.

“The steep drop-off in sales experienced

at the beginning of the year has all but

dissipated,” explained Jason Mercer,

TREB’s Senior Manager of Market

Analysis. “With five months left to go

in the year, it is probable that total

existing home sales in 2009 will be at

or above last year’s level.”

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Ken Yeung

Ken Yeung

CENTURY 21 Leading Edge Realty Inc., Brokerage*
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