Current Market Trends

GTA REALTORS® Report Mid-Month Resale Housing Figures

Friday, May 21, 2010

TORONTO, May 19, 2010 - Greater Toronto REALTORS® reported 4,887 sales through the Multiple Listing Service® (MLS®) during the first two weeks of May. This represented a seven per cent increase compared to the 4,561 sales recorded during the same period in 2009. New listings increased by 48 per cent annually to 10,059.

“The average household looking to purchase a home continued to benefit from affordable opportunities in the first half of May,” said Toronto Real Estate Board
President Tom Lebour.

"The number of done deals will remain high for the remainder of 2010, but will dip from record levels.”

The average price for May mid-month transactions was $448,641 – up 12 per cent compared to the average of $399,811 recorded during the first 14 days of May 2009.

"The total number of homes currently listed in the GTA is now within a more normal range. As buyers benefit from more choice in the second half of 2010, average selling prices will grow at a slower pace," said Jason Mercer, TREB's Senior Manager of
Market Analysis.

 

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"Having had Paul act as my agent on several purchase and rental transactions, I have come away impressed by his skill, enthusiasm and professionalism. His willingness to go above and beyond to complete a sale, or negotiate a more palatable deal has helped me execute on several properties quickly and efficiently. While execution is his primary strength in my opinion, he is also diligent in his screening process. This has ensured that during showings, he is able to provide honest color on a unit or area that my previous agents have been unable to. This makes the process educational and allows me to avoid pitfalls that plague many first/second time home buyers/renters. All in all I would count Paul as an extraordinary asset and would highly recommend his services in the future."
~ Rajbir Gill