Sunny Sharma

Sales Representative

Leading Edge Realty Inc., Brokerage*

1053 McNicoll Avenue

Toronto, ONM1W 3W6

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October Real Estate Statistics by TREB

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.”

Posted by Sunny Sharma on October 21, 2009
Tags: october statistics real estate toronto toronto real estate borad treb
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