Masoud Behbahani
Sales Representative

Kingsway Real Estate
Brokerage

151 City Centre Dr. #300, Mississauga, ON L5B 1M7

Phone: 905-268-1000  Mobile: 416-579-1860  Fax: 905-277-0020

Latest issue of Market Watch From Toronto Real Estate Board for May 2010

June 3, 2010

GTA REALTORS® Report Monthly Resale Housing Figures

 

Greater Toronto REALTORS®  reported 9,470 sales through the Multiple Listing Service® (MLS®)  in May, representing a one per cent dip from May 2009. In comparison to previous years, this was the third highest May sales result on record.

“The pace of transactions slowed in May following record-setting sales in February, March and April,” said Toronto Real Estate Board President Tom Lebour.

“Buyers who otherwise would have been purchasing a home in May moved more quickly this year, likely to get ahead of mortgage rate hikes.”

New listings were up 38 per cent annually to 18,940.  The average price for May transactions was $446,593 – up 13 per cent compared to the average of $395,609 recorded in May 2009.

“The gap between listings and sales has widened, which means there is more choice for buyers,” said Jason Mercer, TREB’s Senior Manager of Market Analysis.

“The annual rate of price growth will slow in the second half of 2010, from the current double digit pace into the single digits.”

 

 

Click here for complete Market Watch. pdf

 

 

If You know someone who is looking to buy or sell I would be happy to help!

Your referrals are greatly appreciated.

 

Masoud Behbahani


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