Friday, March 9, 2018 / by Ruth Ballantyne
TORONTO, January 19, 2011 --
Greater Toronto REALTORS® reported 1,563
sales during the first two weeks of January 2011 – an 11 per cent decrease
compared to the first two weeks of January 2010.
"While off the record pace experienced last January, sales remain high from a
historic perspective and market conditions remain tight enough to support a
sustainable rate of price growth," said Toronto Real Estate Board (TREB) President
The average price for transactions during the first 14 days of January was
$413,565, representing a five per cent increase compared to the first two weeks of
"Average price growth continues to be supported by a positive affordability
picture. A household earning the average income can afford mortgage payments
associated with the purchase of an average priced home," said Jason Mercer,
TREB's Senior Manager of Market Analysis.