Wednesday, June 17, 2009

Reports about the death have been exaggerated

Toronto Real Estate Board

Toronto Real Estate Board
Jun 17, 2009 10:30 ET

Toronto Real Estate Board: GTA Resale Housing Sales Up 19 Per Cent in the First Half of June

TORONTO, ONTARIO--(Marketwire - June 17, 2009) - Greater Toronto REALTORS® reported 5,185 transactions in the first half of June - an increase of 19 per cent compared to the same period last year.

"Households in the GTA have become more confident in purchasing a home over the past three months," said TREB President Maureen O'Neill. "Affordability, due in part to very low borrowing costs, has played a key role."

The average price for MLS® sales was $407,716, up by two per cent compared to last year. "Heightened interest in ownership housing this spring has solidified resale home prices," according to Jason Mercer, TREB's Senior Manager of Market Analysis. "The number of home buyers has been high relative to the number of listings, pushing the average price above last year's level."

David Pylyp The continuing lack of inventory and the strong spring buyers demand have kept the market active. Many shoppers are still out looking for the right home.

If you are considering listing your home for sale, take advantage of this marketing opportunity.

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