TORONTO, June 17, 2009
TORONTO, 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."
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