GTA REALTORS® Report Monthly Resale Housing Market Figures

 

 

 

Greater Toronto REALTORS® reported 9,262 transactions through the

TorontoMLS® system in March 2011, representing the second best March result on record. The number

 

of transactions was 11 per cent lower than the record result reported in March 2010.

 

“The strong home sales reported in March and throughout the first quarter of 2011 have been based on a

 

solid affordability picture and improving economic conditions in the GTA and country-wide,” said Toronto

 

Real Estate Board (TREB) President Bill Johnston.

 

The average selling price for March 2011 was up five per cent year-over-year to $456,147. The strongest

 

average annual price growth was reported for condominium apartments and semi-detached houses, at

 

approximately seven per cent for both home types.

 

“Market conditions were tighter in March compared to last year. With more competition between buyers,

 

we have seen a strong but sustainable rate of price growth,” said Jason Mercer, TREB’s Senior Manager

 

of Market Analysis.

 

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Sukhwinder Sukh Bhaura

Sukhwinder Sukh Bhaura

Real Estate Broker
CENTURY 21 President Realty Inc., Brokerage*
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