Toronto Real Estate Market Update

Cristina van Blommestein, Royal LePage Estate Realty. (416)606-4663

Direct : 416 606 4663 Office: 416 690 2181 Email:

 Cristina's Toronto Real Estate (Serving The Beaches, Riverdale, Kingston Road Village, East York, Cliffside Village, Toronto Central, Rosedale), Homes for sale and MLS listings

Autumn Market Going Strong

September 20, 2007 -- With 3,236 sales so far this month, re-sale housing activity has increased 11 per cent as compared to the first half of September 2006, Toronto Real Estate Board President Maureen O’Neill announced today.

The past five consecutive months have been record-breakers and September is on track to follow suit. It is four per cent ahead of the 3,112 recorded during the first half of September 2005, which became the best September ever.

“Some economists who predicted a soft landing may have to revise their forecasts, said O’Neill. The real estate market continues to prove its strength month after month. There simply is no better investment.”

The average price for a home in the Greater Toronto Area currently stands at $364,364, an increase of nine per cent compared to first half of September 2006.