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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


December 9, 2010 - Updated: December 9, 2010

Sales Strong in November


TORONTO - December 3, 2010

Greater Toronto REALTORS reported 6,510 existing home sales in November – down 13 per cent from 7,446 sales in November 2009. New listings were also down 13 per cent annually to 8,642.


On a month-over-month basis, the seasonally adjusted annual rate of sales increased for the fourth straight month to 88,100.  This rate was substantially higher than the July low of 67,900.


“The GTA resale market has tightened since the summer.Healthy market conditions  continued to support growth in the average selling price,” said Toronto Real Estate Board President Bill Johnston.


“Sales through the first 11 months of the year were down only marginally compared to the same period in 2009. We remain on track for one of the best years on record under the current TREB market area,” continued Johnston.


The average selling price for November transactions was $438,030 - up five per cent

compared to November 2009.


“The average selling price in the GTA is affordable.  A household earning the average income can comfortably cover the mortgage payments on an average priced home. Expect the average selling price to grow at a moderate pace over the next year,” said Jason Mercer, TREB’s Senior Manager of Market Analysis.

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Tagged with: marketwatch november behbahani toronto real estate north york ultima toronto homes north york condos
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