According to Toronto Real Estate Board (TREB), in June 2009, Great Toronto Realtors reported a record 10,955 sales, up 27 per cent from June 2008. The seasonally adjusted annual rate of sales in June was 100,700.
The record result in une is testament to the fundamentally sound housing market in the GTA. An increasing number of households have been confident in purchasing a home in the region's affordable and diverse resale housing market.
The average price for June transactions was $403,972 - up by two percent compared to the same month last year.
The re-emergence of seller's market condition has exerted upward pressure on home prices. Look for sales to remain high relative to listings in the second half of the year. This will keep home prices growing.
