NEWS RELEASE

GTA REALTORS® Report Mid-Month Resale Housing Market Figures


TORONTO, November 16, 2010 -- Greater Toronto REALTORS® reported 3,076 sales through the Multiple Listing Service® (MLS®) during the first two weeks of November 2010.   

This represented a 16 per cent decrease compared to the 3,666 sales recorded during the same period in November 2009.  Year-to-date sales amounted to 78,526 – up slightly from the 2009 total.  

“The number of transactions remained high relative to new listings through the first half of November, promoting a healthy rate of price growth compared to last year,” said Toronto Real Estate Board President Bill Johnston.  

The average price for November mid-month transactions was $437,554 – up more than five per cent compared to the average of $415,066 recorded during the first 14 days of November 2009.

“Mortgage payments on the average priced home remain affordable in the GTA based.  This is why the average selling price continues to increase,” said Jason Mercer, TREB’s Senior Manager of Market Analysis.

Summary Of November Sales And Average Price

 

 

 

 

 

 

November

 

2010

2009

 

Sales

Average Price

Sales

Average Price

City of Toronto ("416")

1,320

$488,671

1,560

$441,893

Rest of GTA ("905")

1,756

$399,128

2,106

$395,195

GTA

3,076

$437,554

3,666

$415,066

Source: Toronto Real Estate Board

 

 

 

 

Sales & Average Price  By Media Room Type

 

 

 

 

 

 

 

November-2010

 

Sales

 

Average Price

 

 

416

905

Total

416

905

Total

 

 

 

 

 

 

 

Detached

434

972

1,406

700,572

477,532

546,823

Yr./Yr. % Change

-12%

-18%

-16%

12%

0%

5%

Semi-Detached

140

196

336

504,805

342,121

409,906

Yr./Yr. % Change

-20%

-4%

-12%

-1%

4%

-1%

Townhouse

134

311

445

403,180

309,371

337,619

Yr./Yr. % Change

-33%

-15%

-22%

10%

8%

7%

Condo Apartment

593

232

825

355,226

242,483

323,521

Yr./Yr. % Change

-12%

-19%

-14%

12%

-2%

9%

Source: Toronto Real Estate Board

 

 

 

 

 

 


 

For information about Buyer Representation Agreements (BRA) visit www.BRAFirst.ca

For Media/Public Inquiries: Mary Gallagher, Senior Manager Media Relations.

Toronto Real Estate Board • 1400 Don Mills Road Toronto, ON • M3B 3N1 • Office: (416) 443-8158 • Email: maryg@trebnet.com