GTA Housing Market Rebound Continues in September

TORONTO, October 5, 2009

- In September 2009, Greater Toronto REALTORS® reported, 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.

Click Download Market Watch Report for September 2009 to view the entire report.

 

How Can I Help You Today?

John den Ouden

Sales Representative

RE/MAX Hallmark Realty Ltd.

416-6999292

 

Email me at jdenouden@trebnet.com