GTA REALTORS® Report Monthly Resale Housing Figures

November 3, 2010 -- Greater Toronto REALTORS® reported 6,681 sales through the Multiple Listing Service® (MLS®) in October 2010.This represented a 21 per cent decrease compared to the 8,476 sales recorded in October 2009. Through the first ten months of the year, sales amounted to

75,582 – up one per cent When compared to the January through October period in 2009.

The annual change in sales and average selling prices has been quite uniform across the GTA And by property type as the market has balanced out from record levels of sales in the second Half of 2009 and first few months of 2010,” said Toronto Real Estate Board (TREB) President
Bill Johnston.

“The composition of GTA home sales does differ depending on location. Condominium apartments accounted for 42 per cent of total sales in the City of Toronto and almost 60 per cent of sales in TREB’s central districts,” Johnston continued. “In regions surrounding the City of Toronto, in contrast, low rise home types accounted for almost 90 per cent of transactions.”

The average price for October transactions was $443,729 – up five per cent compared to the average of $423,559 reported in October 2009. The average selling price through the first nine months of the year was $430,802.

“The average selling price in the GTA has continued to grow relative to 2009 because home Ownership has remained affordable,” said Jason Mercer, the Toronto Real Estate Board’s Senior Manager, Market Analysis. “A household earning the average income in the GTA can Comfortably afford the mortgage payments associated with the purchase of an average priced
“The outlook for mortgage rates and income growth over the next year is favorable. The Average home selling price could increase moderately next year and remain affordable for the Average GTA household,” continued Mercer.
Source: Toronto Real Estate Board

Summary Of October Sales And Average Price


Average Price Sales
Average Price
City of Toronto ("416")
$491,157 3,554
Rest of GTA ("905")
$410,529 4,922
$443,729 8,476
Source: Toronto Real Estate Board



    Search  Multiple  Listing  Service  MLS®    

Toronto  Richmond Hill  Thornhill  Etobicoke Mississauga  Brampton  Oakville  Milton  Burlington
Follow REALESTATESNATCH On Twitter and Facebook!

Read more from REAL ESTATE SNATCH Post blog:
      Related Posts Plugin for WordPress, Blogger...

No comments:

Get Real Estate Tips

About Us

Get Free Email Updates to your Inbox!

Follow Us On Social Media

REAL ESTATE SNATCH is the independent real estate blog of Samir Safadi, Sales Representative of West-100 Metro View Realty Ltd, brokerage it is dedicated to covering Real Estate News, digital culture, social media and technology, providing analysis of trends, Market Data , reviewing new development. Offering Real Estate services resources and guides. Services are provided to prospective buyers and sellers of real estate by Samir Safadi, Sales Representative, West-100 Metro View Realty Ltd, brokerage, duly registered in the province of Ontario, under Real Estate and Business Brokers Act, 2002 (REBBA 2002) and Member in good standing with



©Copyright 2009-2020 REAL ESTATE SNATCH All Rights Reserved Registration on or use of this site constitutes acceptance of our


User Agreement | Disclaimer | Comment Policy | Privacy Policy | About Us | Contact Us | Site Map

Search This Blog