February 3, 2010 -- Greater Toronto REALTORS reported 4,986 transactions through the Multiple Listing Service (MLS) in January 2010. This result represented a large increase over the 2,670 sales in January 2009 when the home sales were in a recessionary trough. Last month＊s sales were slightly higher than the January average in the five years preceding 2009.

※The GTA housing market has rebounded well from the lows in sales experienced at the beginning of 2009. Sales climbed back to healthy levels across the GTA because the cost of home ownership remained affordable in the Toronto area,§ said TREB President Tom Lebour. ※Increasingly confident consumers moved to take advantage of affordable home ownership.§

The average home selling price in January 2010 climbed 19 per cent to $409,058, compared to 343,632 in the same month last year.

※Expect strong annual growth rates for existing home sales and average price through the first quarter as we continue to make comparisons to the weak market conditions at the beginning of 2009,§ said Jason Mercer, TREB＊s Senior Manager of Market Analysis. ※The rate of sales and price growth will be lower in the second half of 2010.§

Median Price: In January, the median price was $350,000, from the $303,000 recorded during January of 2009.

Greater Toronto REALTORS? reported 87,308 MLS? transactions in 2009 每 a 17 per cent increase over 2008. This result included 5,541 sales in December. The 2009 result was in line with the healthy levels of sales experienced between 2004 and 2006, but lower than the record of 93,193 set in 2007.

※After a slow start to the year, existing home sales rebounded during the second half of 2009,§ said TREB President Tom Lebour. ※As consumer confidence improved, many households moved to take advantage of affordable home ownership opportunities in the GTA. The strong residential real estate sector was a key contributor to overall economic recovery in Canada.§

The average home price in 2009 climbed four per cent to $395,460. The average price for December transactions was $411,931.

※Market conditions became very tight in the latter half of 2009. Sales climbed strongly relative to the number of homes listed for sale, resulting in robust price growth that more than offset average price declines in the winter,§ said Jason Mercer, TREB＊s Senior Manager of Market Analysis. ※A greater supply of listings in 2010 will see home prices grow at a sustainable pace.§

Median Price: In December, the median price was $349,000, from the $305,000 recorded during December of 2008.

Greater Toronto REALTORS? reported 7,446 sales in November 每 slightly more than double the November 2008 result when GTA home sales had dipped markedly due to the economic downturn. Year-to-date sales were up 14 percent compared to the first 11 months of 2008.

※This year in the GTA home sales will be in line with the healthy levels experienced between 2004 and 2006,§ said Toronto Real Estate Board President Tom Lebour. ※Increased resale home transactions in the Toronto area and country-wide played a key role in pushing the Canadian economy out of recession in the third quarter.§

The average price for November transactions was up 14 per cent year-over-year to $418,460. The average price year-to-date was up four per cent to $394,464.

※Very strong annual growth rates for sales and average price should be expected through the first quarter of 2010, because we will be comparing the current recovery to the housing market decline experienced last winter,§ according to Jason Mercer, TREB＊s Senior Manager of Market Analysis. ※As we move into the spring, growth rates will move to more sustainable levels.§

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.