In October 2009, Greater Toronto REALTORS reported 8,476 sales, up 64 per cent from October 2008. The average price for October transactions was $423,559 每 up by 20 per cent compared to the same month last year.

"Strong sales growth has occurred across many property classes 每 from price ranges that would attract first-time buyers to luxury properties selling for over one million dollars," said TREB President Tom Lebour. ※The highest rate of sales growth in October was experienced for properties selling for over $750,000. In contrast, luxury home sales declined at an above-average rate last year.§

Year-to-date sales, at 74,721, were up nine per cent compared to the first ten months of 2008. Average price, at $392,264 was up by almost three per cent.

"After a short dip in the winter, the average home price in the GTA has rebounded because sales have been high relative to listings," according to Jason Mercer, TREB's Senior Manager of Market Analysis. ※Watch for listings to rebound in 2010 as home owners react to the strong sales and price growth experienced in the latter half of this year.§

October 5, 2009 -- In September 2009, Greater Toronto REALTORS reported 8,196 sales, up 28 per cent from September 2008. The average price for September transactions was $406,877 每 up by 10 per cent compared to the same month last year.

※We have experienced an increasing rate of existing home price growth in the GTA as sales have continued outpace 2008 results,§ said TREB President Tom Lebour. ※Consumers have remained confident in ownership housing as a long-term investment.§ Year-to-date sales, at 66,437 were up 4.5 per cent compared to the first nine months of 2008. Average price, at $388,417 was up by almost 1.5 per cent.

※Existing home sales will finish strong this year, pushing through the 80,000 mark and moving in line with some of the best years on record under the current TREB market area,§ according to Jason Mercer, TREB＊s Senior Manager of Market Analysis.

Median Price: In September, the median price was $347,000, from the $322,000 recorded during September of 2008.

September 2, 2009 -- August 2009, Greater Toronto REALTORS reported 8,035 sales, up 27% per cent from August 2008. The average price for August transactions was $387,921 每 up by six per cent compared to the same month last year.

※The increase in demand for existing homes has been widespread across different housing types and price ranges,§ said TREB President Tom Lebour. ※This suggests many categories of home buyers have chosen to make a long-term investment in housing, from first-time buyers to move-up buyers or buyers who are seeking a lifestyle change.§

Year-to-date sales, at 58,421 were up two per cent compared to the first eight months of 2008. Average price, at $385,978 was up by less than one-half of one per cent. ※We have heard more positive economic news lately. The improved housing market has played a key role,§ explained Jason Mercer, TREB＊s Senior Manager of Market Analysis. ※Home sales have helped other sectors of the economy through home buyers＊ spending on things like financial and legal services, moving, renovations and home furnishings.§

Median Price: In August, the median price was $338,000, from the $318,000 recorded during August of 2008.

TORONTO - July 6, 2009 -- In June 2009, Greater Toronto REALTORS? reported a record 10,955 sales, up 27 per cent from June 2008. The seasonally adjusted annual rate of sales in June was 100,700.

※The record result in June is testament to the fundamentally sound housing market in the GTA,§ said TREB President Tom Lebour. ※An increasing number of households have been confident in purchasing a home in the region＊s affordable and diverse resale housing market.§

The average price for June transactions was $403,972 每 up by two per cent compared to the same month last year.

※The re-emergence of seller＊s market conditions has exerted upward pressure on home prices,§ explained Jason Mercer, TREB＊s Senior Manager of Market Analysis. ※Look for sales to remain high relative to listings in the second half of the year. This will keep home prices growing.§

Seasonally adjusting TREB MLS? data removes recurring seasonal trends observed each year. For example, MLS? sales are highest in late spring each year and lowest in the winter months. Removing the recurring seasonality, allows for the analysis of a meaningful trend reflecting actual changes in market conditions. By multiplying the monthly seasonally-adjusted figure by 12, creating an annual rate, we can compare how the current month relates to historical annual figures.

Median Price: In June the median price was $345,000, from the $335,250 recorded during June of 2008.

TORONTO - May 6, 2009 -- In April 2009, Greater Toronto REALTORS? reported 8,107 sales 每 down seven per cent from April 2008. While April sales remained lower than last year, the housing market gained momentum on a month-over-month basis. The seasonally adjusted annual rate of sales in April, at 80,900, was up 26 per cent from March and up two-thirds compared to January＊s ten-year low.

※Conditions in the resale housing market have improved markedly this Spring,§ according to TREB President Maureen O＊Neill. ※Home purchases have increased as households have taken advantage of low interest rates and slightly lower home prices.§

The average price for April transactions was $385,641 每 down three per cent from last year.

※The rate of average price decline continued to diminish last month. This is due in large part to a tightening in the resale market,§ stated Jason Mercer, TREB＊s Senior Manager of Market Analysis. ※The level of sales relative to new listings increased in April.§

Seasonally adjusting TREB MLS? data removes recurring seasonal trends observed each year. For example, MLS? sales are highest in late spring each year and lowest in the winter months. Removing the recurring seasonality, allows for the analysis of a meaningful trend reflecting actual changes in market conditions. By multiplying the monthly seasonally-adjusted figure by 12, creating an annual rate, we can compare how the current month relates to historical annual figures.

Median Price: The median price in April was $330,000 from the $334,950 recorded in April of 2008.

TORONTO - April 6, 2009 -- In March 2009, Greater Toronto REALTORS? reported 6,171 sales 每 down seven per cent from March 2008, representing the smallest year-over-year decline in the last five months. The average price for March transactions was $362,052 每 down less than five per cent from the same month last year.

※The Greater Toronto housing market has stood up very well given the challenging economic times the world has experienced in recent months,§ commented TREB President Maureen O＊Neill.

※In fact, over the past two months, the situation in the housing market has improved.§

The seasonally-adjusted annual rate of sales increased to 65,600 in March 每 up 36 per cent from the ten-year low reached in January.

※Sales in March increased at a rate over and above what would be expected from the normal spring-time bump,§ said Jason Mercer TREB＊s Senior Manager of Market Analysis. ※A greater number of households have taken advantage of increased affordability in the housing marketplace.§

Seasonally adjusting TREB MLS? data removes recurring seasonal trends observed each year. For example, MLS? sales are highest in late spring each year and lowest in the winter months. Removing the recurring seasonality, allows for the analysis of a meaningful trend reflecting actual changes in market conditions. By multiplying the monthly seasonally-adjusted figure by 12, creating an annual rate, we can compare how the current month relates to historical annual figures.

Median Price: The median price in March was $317,500 from the $326,000 recorded in March of 2008.

TORONTO - Thursday, March 5, 2009 -- Toronto Real Estate Board Members reported 4,120 sales in February 2009 compared to 6,015 sales recorded in February 2008. The average home price was $361,305 last month compared to $382,048 during the same month last year.

※A considerable number of transactions continued to take place in February 2009. Motivated buyers and sellers, who were aware that market conditions changed over the past few months, were able to negotiate transactions acceptable to both parties,§ said Toronto Real Estate Board President Maureen O＊Neill.

On a month-over-month basis, sales and average price were above January levels of 2,670 and $343,632 respectively. The housing market is seasonal. Traditionally, in the first half of every year, sales and average price climb to their highest levels in late spring before trending lower from July onward.