Toronto Real Estate Board

Toronto Real Estate Board

October 05, 2009 10:03 ET

GTA Realtors® Reporting September Resale Market Figures

TORONTO, ONTARIO--(Marketwire - Oct. 5, 2009) - 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.



Summary Of September Sales And Average Price
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September
2009 2008
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Sales Average Price Sales Average Price
City of Toronto ("416") 3,341 $437,182 2,546 $393,648
Rest of GTA ("905") 4,855 $386,022 3,878 $352,071
GTA 8,196 $406,877 6,424 $368,549
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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 www.TorontoRealEstateBoard.com.

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