GTA REALTORS® REPORTING SEPTEMBER RESALE MARKET FIGURES

In September 2009, Greater Toronto REALTORS® reported 8,196 sales, up 28 per cent from September 2008.

The average price for September transactions was $406,877 – up by 10 per cent compared to the same month last year.

"We have experienced an increasing rate of existing home price growth in the GTA as sales have continued to outpace 2008 results," said TREB President Tom Lebour. "Consumers have remained confident in ownership housing as a long-term investment."

Year-to-date sales, at 66,437 were up 4.5 per cent compared to the first nine months of 2008.

Average price, at $388,417 was up by almost 1.5 per cent.

"Existing home sales will finish strong this year, pushing through the 80,000 mark and moving in line with some of the best years on record under the current TREB market area," according to Jason Mercer, TREB's Senior Manager of Market Analysis.

Source: Toronto Real Estate Board

Greater Toronto REALTORS® are passionate about their work. They adhere to a strict Code of

Ethics and share a state-of-the-art Multiple Listing Service. Serving over 28,000 Members in the

Greater Toronto Area, the Toronto Real Estate Board is Canada’s largest real estate board.

Greater Toronto Area open house listings are now available on http://www.torontorealestateboard.com/.

August 2009 GTA Update

In the first two weeks of August, Greater Toronto REALTORS® reported 3,832 sales – up 27 per cent compared to the first two weeks of August 2008. The average price for these transactions was up three percent year-over-year to $383,796.

"The results for the first half of August indicate that many households in the GTAremain confident in their ability to purchase and pay for a home over the longterm," said TREB President Tom Lebour.

Year-to-date sales, at 54,303 are up slightly compared to 54,138 in 2008. Averageprice, at $385,603 is down by less than one half of one per cent.

"Strong resale housing demand will contribute to broader economic recovery aseach transaction results in substantial spin-off benefits to other sectors of theeconomy," explained Jason Mercer, TREB's Senior Manager of Market Analysis.Summary Of August Sales And Average Price
August


Greater Toronto REALTORS® are passionate about their work. They adhere to a strict Code of
Ethics and share a state-of-the-art Multiple Listing Service. Serving over 28,000 Members in the Greater Toronto Area, the Toronto Real Estate Board is Canada’s largest real estate board.
Greater Toronto Area open house listings are now available on
www.TorontoRealEstateBoard.com.