Housing Statics

NEWS RELEASE FOR IMMEDIATE RELEASE

GTA REALTORS® REPORTING OCTOBER MID-MONTH HOUSING STATISTICS

TORONTO, October 19, 2009

REALTORS

October 2008. The average price for these transactions was up 17 per cent year-overyear to $414,479.

"While demand for existing homes has remained strong, it is important to recognize the context of current statistics. 

We are now making comparisons to the fall of 2008 when we experienced a marked decline in sales and average price," said TREB President Tom Lebour.

Year-to-date sales, at 69,964 are up six per cent compared to 2008. Average price, at $389,687, is up by two per cent.

"Tight market conditions throughout the GTA will continue to exert upward pressure on home prices in the fourth quarter," explained Jason Mercer, TREB's Senior Manager of Market Analysis. “Expect more listings in 2010 as home owners react to the price gains experienced in the second half of 2009.”

Madeleine Rodriguez

Madeleine Rodriguez

Sales Representative
CENTURY 21 Millennium Inc., Brokerage*
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