WOW - February Stats Are In

Great news, as the Toronto Real Estate Board (TREB) posted the sales for February 2010 which was reported at 7,291 sales.  That is an amazing 77% increase from February 2009.  As well, the average price for the reported transactions was up 19% year to year which made the average price $431,509. Last month also brought a 24% climb in new listings compared to the same month last year.  These signs indicate a Seller's market but as listings increase, which are predicted by Jason Mercer, TREB’s Senior Manager of Market Analysis, it will lean towards a Buyer's market which could impact the price growth.

Rose Lopez-Frometa

Rose Lopez-Frometa

Branch Manager
CENTURY 21 Leading Edge Realty Inc., Brokerage*
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