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GTA REALTORS® Report Monthly Resale Housing Market Figures

Friday, March 9, 2018   /   by Ruth Ballantyne

GTA REALTORS® Report Monthly Resale Housing Market Figures


 



TORONTO, October 5, 2010 --Greater Toronto REALTORS® reported 6,310 sales through the Multiple Listing Service® (MLS®) in September 2010.

This represented a 23 per cent decrease compared to the 8,196 sales recorded

during the same period in 2009. Through the first nine months of the year, sales

amounted to 69,069 – up four per cent compared to the first three quarters of

2009.

“The level of sales in the second half of 2010 has been lower, representing a

balancing out period following record levels of sales in the latter half of 2009 and

first few months of 2010. We remain on track for one of the best years in history

for existing home transactions in the GTA,” said Toronto Real Estate Board

President Bill Johnston.

The average price for September transactions was $427,329– up five per cent

compared to the average of $406,877 reported in September 2009. The average

selling price through the first nine months of the year was $429,657.

“Resale homes in the GTA remain affordable,” said Jason Mercer, TREB’s Senior

Manager of Market Analysis.

“It is important to consider the positive impact of declining mortgage rates over

the past two decades. Simply considering home prices relative to incomes does

not allow for an accurate analysis of affordability,” continued Mercer. “The share

of average household income going toward a mortgage payment on the average

priced home in the GTA remains within accepted lending guidelines. This is why

the average home selling price has continued to grow.”

Ballantyne Professionals | RE/MAX Realty Services Inc.
Ruth Ballantyne
295 Queen Street E
Brampton, ON L6W 3R1
905-456-1000

Information is provided exclusively for consumers’ personal use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable, but is not guaranteed accurate by the MLS®.
Information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable, but is not guaranteed accurate by the MLS®. Copyright 2021 Last Updated July 27, 2021
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