toronto homes: Toronto real estate. Toronto existing home market slows in August - 08/24/10 09:31 AM
As the Canadian real estate market continues to move from a hot seller's market to more balanced conditions, agents are finding it harder to reconcile the expectations of buyers and sellers.
This in-between kind of period where people seem to be waiting to see what will happen.
Toronto existing home sales fell by 29 per cent in the first two weeks of August compared with the same time last year.
The Toronto Real Estate Board reported 2,732 sales in the first half of the month according to a report released Tuesday.
Buyers are most concerned about the potential for prices to … (0 comments)

toronto homes: TREB Reports Strong Growth in October MLS Transactions - 11/09/09 04:41 PM
In October 2009, Greater Toronto REALTORS(R) reported 8,476 sales, up 64 per cent from October 2008. The average price for October transactions was $423,559 - up by 20 per cent compared to the same month last year.
"Strong sales growth has occurred across many property classes - from price ranges that would attract first-time buyers to luxury properties selling for over one million dollars," said TREB President Tom Lebour. "The highest rate of sales growth in October was experienced for properties selling for over $750,000. In contrast, luxury home sales declined at an above-average rate last year."
Year-to-date sales, at 74,721, … (0 comments)