I have a real problem. I have too may clients that I cannot find homes for! Yesm their demands are unique, however as soon as any property meeting thier needs hits the market in Mississauga (a suburb of Toronto and part of the Greater Toronto Region), it is "Gone in 60 seconds". No wonder, GTA realtors reported record sales for 1st half of August 2009.
Following is the media release from Toronto Real Estate Board
TORONTO, August 18, 2009
REALTORS® reported 3,832 sales - up 27 per cent compared to the first two
weeks of August 2008. The average price for these transactions was up three per
cent year-over-year to $383,796.
"The results for the first half of August indicate that many households in the GTA
remain confident in their ability to purchase and pay for a home over the long
term," said TREB President Tom Lebour.
Year-to-date sales, at 54,303 are up slightly compared to 54,138 in 2008. Average
price, at $385,603 is down by less than one half of one per cent.
"Strong resale housing demand will contribute to broader economic recovery as
each transaction results in substantial spin-off benefits to other sectors of the
economy," explained Jason Mercer, TREB's Senior Manager of Market Analysis.
Source: Toronto Real Estate Board
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