GTA REALTORS® Report August Mid-Month Resale Market Strong

Who says there is Recession in Real Estate Industry---

Look at the numbers. The market is still strong.

Market in Toronto has never been as good as it is now. Wow !! 27 percent up compared to first two weeks of August 2008. This was reported by our President at Toronto Real Estate Board.

The Average price was up three percent year-over-year.

"The results for the first half of August indicate that many households in the GTA

remain confident in their ability to purchase and pay for a home over the long

term," said TREB President Tom Lebour.

"Strong resale housing demand will contribute to broader economic recovery as

each transaction results in substantial spin-off benefits to other sectors of the

economy," explained Jason Mercer, TREB's Senior Manager of Market Analysis.

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