Greater Toronto Area Real Estate Home Sales Remain Strong in November
December 3, 2009-- Greater Toronto REALTORS® reported 7,446 sales in November - slightly more than double the November 2008 result when GTA home sales had dipped markedly due to the economic downturn. Year-to-date sales were up 14 per cent compared to the first 11 months of 2008.
"This year in the GTA home sales will be in line with the healthy levels experienced between 2004 and 2006," said Toronto Real Estate Board President Tom Lebour. "Increased resale home transactions in the Toronto area and country-wide played a key role in pushing the Canadian economy out of recession in the third quarter."
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Manoj Kumar Arora, Broker of Record
Ace Team Realty Inc., Brokerage