Currently the real estate market is a sellers market as we see multiple offers coming in. Homes are selling very quickly and many are selling over the asking price!  

Greater Toronto REALTORS® reported 7,291 MLS® transactions for February, 2010 – a 77 per cent increase over February 2009. The average price for the above transactions was up 19% year over year to $431,509. New listings increased in Feb. 2010 by 24 % compared to Feb. 2009. With better affordability due to low interest rates, consumer confidence remains high. This increase in home buying has helped other sectors of the economy as well, such as financial and banking services, moving companies, renovations and home furnishings.

“Increases in existing home sales and average price were noted across the GTA in low-rise and high-rise home types. Similar rates of growth were experienced in the City of Toronto and surrounding 905 regions,” said TREB President Tom Lebour. “This suggests that first time, move-up and down sizing buyers are all active in the existing home marketplace.” 

 “A greater supply of listings in 2010 will see home prices grow at a sustainable pace.” Source: (Toronto Real Estate Board)

 What Homes Sold For In The Greater Toronto Area,  In  February 2010.....

TREB Housing Market Statistics 

Linda Gutoskie (Sales Representative)  PMA Brethour Real Estate Corp., Inc. Markham, Ontario    
cell: 416-450-2001          email:  Lin@rogers.com             web site: ezhomefinder.ca