House Hunting In Toronto Real Estate Newsletter

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	TORONTO REAL ESTATE MARKET NEWS				MARKET WATCH
	We think every buyer and seller should be fully informed without being hassled. Hence, almost all the information at our website is free for browsing at your leisure. We don't require any forms to be filled out in order to utilize this knowledgeable information. If and when you are ready to buy or sell, please contact us or complete one of the forms at our website to request the service you need. Rick McGuigan & Robert Holbrook Real Estate Sales Representatives Coldwell Banker Case Realty Phone: 416-461-0925 Sales Start Off Strong in 2010 February 3, 2010 -- Greater Toronto REALTORS® reported 4,986 transactions through the Multiple Listing Service (MLS®) in January 2010. This result represented a large increase over the 2,670 sales in January 2009 when the home sales were in a recessionary trough. Last month’s sales were slightly higher than the January average in the five years preceding 2009. “The GTA housing market has rebounded well from the lows in sales experienced at the beginning of 2009. Sales climbed back to healthy levels across the GTA because the cost of home ownership remained affordable in the Toronto area,” said TREB President Tom Lebour. “Increasingly confident consumers moved to take advantage of affordable home ownership.” The average home selling price in January 2010 climbed 19 per cent to $409,058, compared to $343,632 in the same month last year. “Expect strong annual growth rates for existing home sales and average price through the first quarter as we continue to make comparisons to the weak market conditions at the beginning of 2009,” said Jason Mercer, TREB’s Senior Manager of Market Analysis. “The rate of sales and price growth will be lower in the second half of 2010.” Median Price In January, the median price was $350,000, from the $303,000 recorded during January of 2009. GTA REALTORS® REPORTING JANUARY MID-MONTH HOUSING STATISTICS TORONTO, January 18, 2010 - Greater Toronto REALTORS® reported 1,749 existing home sales on the Multiple Listing Service (MLS®) during the first two weeks of January. This result was almost double the 888 sales reported for the same period in 2009, when sales had dipped to a recessionary low. “We have had a strong start to 2010,” said Toronto Real Estate Board President Tom Lebour. “Widespread sales growth in terms of geography and housing type indicates that many households remain confident in their ability to purchase and pay for a home over the long-term.” The average price for transactions in the first two weeks of January was $395,307, compared to an average of $332,495 for the same period in 2009. “Double-digit average annual price growth will continue through the first quarter of 2010 as sales remain high relative to listings and we continue to make comparisons to last year’s winter downturn,” said Jason Mercer, TREB’s Senior Manager of Market Analysis. Source: Toronto Real Estate Board				JANUARY 2010 Click here for the complete current issue of Market Watch in pdf file format. If you don't have Adobe Acrobat Reader, click here to download. It will take only a few seconds.