Friday, March 9, 2018   /   by Ruth Ballantyne

GTA REALTORS® Report Mid-Month Resale Housing Market

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

Bill Johnston.

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

January 2010.

"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.