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Masoud Behbahani
Sales Representative

Kingsway Real Estate

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

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

Latest news of Real Estate "BEST JUNE ON RECORD"

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 100,700.1 “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 – 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.”


Click here for the complete current issue of Market Watch in pdf file format.

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