tag:blogger.com,1999:blog-22233729524562181112011-07-07T19:23:08.009-07:00"My Mission is to Maximise My client's Profits in Real Estate" SUKHPAL SINGH, Realtor www.sukhpal.caSukhpal Singhhttp://www.blogger.com/profile/10449732507428123492noreply@blogger.comBlogger11100tag:blogger.com,1999:blog-2223372952456218111.post-68781714092292712782010-01-18T18:28:00.000-08:002010-03-17T09:21:52.828-07:00GTA REALTORS® REPORTING MARCH MID-MONTH HOUSING STATISTICS<br />TORONTO, MARCH 17, 2010 - Greater Toronto REALTORS® reported 4,353 sales through<br />the Multiple Listing Service® (MLS®) during the first two weeks of March.<br />This represented a 70 per cent increase compared to the 2,562 sales recorded during the<br />same period in 2009 when resale transactions had dipped markedly due to the recession.<br />The mid-month sales total was also 16 per cent higher than the previous March midmonth<br />high reached in 2006.<br />“The spring-like weather in the first half of March brought the first green sprouts of the<br />recurring spring market. Every year, monthly sales climb steadily through May,” said<br />Toronto Real Estate Board President Tom Lebour. "People are buying homes because<br />they are confident in the current economic recovery and mortgage payments on the<br />average priced home remain affordable."<br />The average price for March mid-month transactions was $440,153 – a 20 per cent<br />increase over 2009. New listings within the Toronto Real Estate Board boundaries were<br />up 34 per cent to 8,540.<br />"Look for double-digit annual price increases to cease later in 2010, as new listings<br />rebound from the low levels experienced in 2009," said Jason Mercer, TREB's Senior<br />Manager of Market Analysis. "Increased listings will give buyers more choice, resulting in<br />less upward pressure on home prices.”<br /><br /><br /><strong>TREB Reports Strong Growth in October MLS Transact</strong>ions<br /><br />TORONTO, November 4, 2009 - In October 2009, Greater Toronto REALTORS® reported<br />8,476 sales, up 64 per cent from October 2008. The average price for October<br />transactions was $423,559 – up by 20 per cent compared to the same month last year.<br />"Strong sales growth has occurred across many property classes – from price ranges<br />that would attract first-time buyers to luxury properties selling for over one million<br />dollars," said TREB President Tom Lebour. “The highest rate of sales growth in October<br />was experienced for properties selling for over $750,000. In contrast, luxury home sales<br />declined at an above-average rate last year.”<br />Year-to-date sales, at 74,721, were up nine per cent compared to the first ten months of<br />2008. Average price, at $392,264 was up by almost three per cent.<br />"After a short dip in the winter, the average home price in the GTA has rebounded<br />because sales have been high relative to listings," according to Jason Mercer, TREB's<br />Senior Manager of Market Analysis. “Watch for listings to rebound in 2010 as home<br />owners react to the strong sales and price growth experienced in the latter half of this<br />year.”<div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/2223372952456218111-6878171409229271278?l=paulhomes.blogspot.com' alt='' /></div>Sukhpal Singhhttp://www.blogger.com/profile/10449732507428123492noreply@blogger.com