TREB Reports Strong Growth in October MLS Transactions

TORONTO, November 4, 2009 - In October 2009, Greater Toronto REALTORS® reported

8,476 sales, up 64 per cent from October 2008. The average price for October

transactions was $423,559 - up by 20 per cent compared to the same month last year.

"Strong sales growth has occurred across many property classes - from price ranges

that would attract first-time buyers to luxury properties selling for over one million

dollars," said TREB President Tom Lebour. "The highest rate of sales growth in October

was experienced for properties selling for over $750,000. In contrast, luxury home sales

declined at an above-average rate last year."

Year-to-date sales, at 74,721, were up nine per cent compared to the first ten months of

2008. Average price, at $392,264 was up by almost three per cent.

"After a short dip in the winter, the average home price in the GTA has rebounded

because sales have been high relative to listings," according to Jason Mercer, TREB's

Senior Manager of Market Analysis. "Watch for listings to rebound in 2010 as home

owners react to the strong sales and price growth experienced in the latter half of this

year."

Need more information on the Housing market in the GTAWest,Milton,Mississauga,Brampton,Burlington,Winston churchill,Erin Centre,Churchill Meadows,Square one,Hurontario,Eglinton or surrounding areas, feel free to call me anytime or send me email.

Maya Garg

Broker

Royal Lepage Kingsbury Realty

www.gtawesthomes.com