Greater Toronto Average Price 2009 rose 4%

GTA Resale Market Resilient in 2009

January 6, 2010 -- Greater Toronto REALTORS® reported 87,308 MLS® transactions in 2009 - a 17 per cent increase over 2008. This result included 5,541 sales in December. The 2009 result was in line with the healthy levels of sales experienced between 2004 and 2006, but lower than the record of 93,193 set in 2007.

"After a slow start to the year, existing home sales rebounded during the second half of 2009," said TREB President Tom Lebour. "As consumer confidence improved, many households moved to take advantage of affordable home ownership opportunities in the GTA. The strong residential real estate sector was a key contributor to overall economic recovery in Canada."

The average home price in 2009 climbed four per cent to $395,460. The average price for December transactions was $411,931.

"Market conditions became very tight in the latter half of 2009. Sales climbed strongly relative to the number of homes listed for sale, resulting in robust price growth that more than offset average price declines in the winter," said Jason Mercer, TREB's Senior Manager of Market Analysis. "A greater supply of listings in 2010 will see home prices grow at a sustainable pace."

	Units	Units	Av price	Av price
Month	2008	2009	2008	2009
January	5075	2670	$374,449	$343,632
February	6015	4120	$382,048	$361,305
March	6631	6171	$380,338	$362,050
April	8762	8107	$398,687	$385,641
May	9411	9589	$398,148	$395,609
June	8600	10955	$395,866	$403,972
July	7806	9967	$371,427	$395,414
August	6318	8035	$364,886	$387,921
September	6424	8196	$368,549	$406,877
October	5155	84.76	$352,974	$423,559
November	3640	7446	$368,582	$418,460
December	2577	5541	$361,415	$411,931
Total	74,551	87,308	$379,347	$395,460

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I proudly server buyers and sellers in the Toronto Neighbourhoods -Toronto Neighbourhood Maps of: Forest Hill, Cedarvale, North York, North Toronto, Summit Heights, Wilson Height, Bathurst Manor, Leaside, Bayview, Thornhill, Richmond Hill and all surrounding areas.

Whether you're buying or selling and looking for a Toronto Realtor or feel free to e-mail or phone us and we will be happy to guide you through your real estate experience.

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Diane Plant, Broker
Re/Max Realtron Realty Inc, Brokerage
(416) 782-8882

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I proudly server buyers and sellers in the Toronto Neighbourhoods of: Forest Hill, Cedarvale, North York, North Toronto, Summit Heights, Wilson Height, Bathurst Manor, Leaside, Bayview, Thornhill, Richmond Hill and all surrounding areas.

Whether you're buying or selling and looking for a Toronto Realtor or feel free to e-mail or phone us and we will be happy to guide you through your real estate experience.

I’m never too busy for any of your referrals

Diane Plant, Broker
Re/Max Realtron Realty Inc, Brokerage
(416) 782-8882 TORONTO REAL ESTATE WEBSITE

BUYING

SELLING

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