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

TREB Reports Strong Growth in October MLS Transactions

November 4, 2009 -- 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 up by 20 per cent compared to the same month last year.

"Strong sales growth has occurred across many property classes 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 dollars. 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, TREBs 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."