Toronto Real Estate Board

Toronto Real Estate Board

January 18, 2010 10:27 ET

REALTORS® Reporting January Mid-Month Housing Statistics

TORONTO, ONTARIO--(Marketwire - Jan. 18, 2010) - Greater Toronto REALTORS® reported 1,749 existing home sales on the Multiple Listing Service (MLS®) during the first two weeks of January. This result was almost double the 888 sales reported for the same period in 2009, when sales had dipped to a recessionary low.

"We have had a strong start to 2010," said Toronto Real Estate Board President Tom Lebour. "Widespread sales growth in terms of geography and housing type indicates that many households remain confident in their ability to purchase and pay for a home over the long-term."

The average price for transactions in the first two weeks of January was $395,307, compared to an average of $332,495 for the same period in 2009.

"Double-digit average annual price growth will continue through the first quarter of 2010 as sales remain high relative to listings and we continue to make comparisons to last year's winter downturn," said Jason Mercer, TREB's Senior Manager of Market Analysis.



Summary Of January Sales And Average Price
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January
2010 2009
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Sales Average Price Sales Average Price
City of Toronto ("416") 708 $401,120 369 $350,835
Rest of GTA ("905") 1,041 $391,353 519 $319,455
GTA 1,749 $395,307 888 $332,495
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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 29,000 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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