Title

Toronto Real Estate Board Reports Resale Record in July

The GTA experienced a record 9,967 sales in July, up 28 per cent from July 2008

The sales figures for the GTA are hugely important to Wasaga Beach real estate.The town is one of the fastest growing communities in Ontario; this growth is obviously fuelled by buyers moving into the area, especially from the GTA.

The average price for July transactions was $395,414 – up by six per cent compared to the same month last year.

According to TREB President Tom Lebour:

“Households confident in their positioning within the current economic environment have taken advantage of housing affordability in the GTA. The real estate sector has been one of the sectors making a positive contribution to economic growth in the GTA, not to mention Ontario and Canada more broadly.”

Year-to-date sales, at 50,632 are down 1.2 per cent compared to the first seven months of 2008. Average price, at $385,808 is down by less than one-half of one per cent.
“The steep drop-off in sales experienced at the beginning of the year has all but dissipated,” explained Jason Mercer, TREB’s Senior Manager of Market Analysis. “With five months left to go in the year, it is probable that total existing home sales in 2009 will be at or above last year’s level.”

This entry was posted on Saturday, August 8th, 2009 at 11:53 am and is filed under The World Of Real Estate. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

1. Wasaga Beach Real Estate-Wasaga Beach Homes For Sale-Wasaga Beach News » Wasaga Beach 2009 Real Estate Sales Figures; July Update said at August 8th, 2009 at 11:55 am

   [...] Board as a whole also saw better figures than last year for the 2nd month running. I will post the GTA figures as soon as they are available as this influences sales in Wasaga Beach. I can say that the Century [...]

Leave a Reply