Real Estate: Strong Growth Since Oct09 till mid March 2010

GTA REALTORS® REPORTING MARCH MID-MONTH HOUSING STATISTICS
TORONTO, MARCH 17, 2010 - Greater Toronto REALTORS® reported 4,353 sales through
the Multiple Listing Service® (MLS®) during the first two weeks of March.
This represented a 70 per cent increase compared to the 2,562 sales recorded during the
same period in 2009 when resale transactions had dipped markedly due to the recession.
The mid-month sales total was also 16 per cent higher than the previous March midmonth
high reached in 2006.
“The spring-like weather in the first half of March brought the first green sprouts of the
recurring spring market. Every year, monthly sales climb steadily through May,” said
Toronto Real Estate Board President Tom Lebour. "People are buying homes because
they are confident in the current economic recovery and mortgage payments on the
average priced home remain affordable."
The average price for March mid-month transactions was $440,153 – a 20 per cent
increase over 2009. New listings within the Toronto Real Estate Board boundaries were
up 34 per cent to 8,540.
"Look for double-digit annual price increases to cease later in 2010, as new listings
rebound from the low levels experienced in 2009," said Jason Mercer, TREB's Senior
Manager of Market Analysis. "Increased listings will give buyers more choice, resulting in
less upward pressure on home prices.”


TREB Reports Strong Growth in October MLS Transactions

TORONTO, November 4, 2009 - In October 2009, Greater Toronto REALTORS® reported
8,476 sales, up 64 per cent from October 2008. The average price for October
transactions was $423,559 – up by 20 per cent compared to the same month last year.
"Strong sales growth has occurred across many property classes – from price ranges
that would attract first-time buyers to luxury properties selling for over one million
dollars," said TREB President Tom Lebour. “The highest rate of sales growth in October
was experienced for properties selling for over $750,000. In contrast, luxury home sales
declined at an above-average rate last year.”
Year-to-date sales, at 74,721, were up nine per cent compared to the first ten months of
2008. Average price, at $392,264 was up by almost three per cent.
"After a short dip in the winter, the average home price in the GTA has rebounded
because sales have been high relative to listings," according to Jason Mercer, TREB's
Senior Manager of Market Analysis. “Watch for listings to rebound in 2010 as home
owners react to the strong sales and price growth experienced in the latter half of this
year.”