Although the unemployment figures are not improving, almost 45,000 jobs were lost in July, the Greater Toronto Realtors reported 9,967 Sales during the month of July 2009. Up 28% from July 2008.
The average price for the July Transactions was $395,414, up by six per cent compared to the same month last year.
The Real Estate Sector has been one of the sectors making a positive contribution to economic growth in GTA (Great Toronto Area).
Year-to-date Sales at 50,632 are down 1.2 per cent compared to the firs 7 months of 2008. Average price at $385,808 is down by less than one-half of one per cent.
