Buy real estate Toronto market is actually returning to stability and good health
Commenting on the statistics recently released by the Toronto Real Estate Board, CTV reports that home sales Toronto have decreased significantly year-over-year between June 2009 and June, 2010. The Board reported that the Multiple Listing Service had chalked-up 2790 sales during the first two weeks of July, 2010—a 37% drop from 4437 sales during the same period in 2009.
Bill Johnston, president of TREB said that new listings in real estate for sale Toronto had dropped approximately 8% in July, falling off sharply from “unseasonably high” rates between January and May. Meanwhile, Jason Mercer, the board’s senior manager of market analysis, said in a news release that the average price recorded for the first two weeks of this month was $427,931. That figure is eight per cent higher than the average of $394,750 recorded for the same period of July 2009.
The average home selling price in the buy real estate Toronto will continue to grow on an annual basis in the second half. Experts differentiate the decline as a “correction,” asserting that the Toronto market is actually returning to stability and good health.
Posted: October 2nd, 2010 under Real Estate | By kristina.
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