TORONTO, November 16, 2010 - Greater Toronto REALTORS® reported 3,076 sales
through the Multiple Listing Service® (MLS®) during the first two weeks of November
This represented a 16 per cent decrease compared to the 3,666 sales recorded during
the same period in November 2009. Year-to-date sales amounted to 78,526 - up
slightly from the 2009 total.
"The number of transactions remained high relative to new listings through the first half
of November, promoting a healthy rate of price growth compared to last year," said
Toronto Real Estate Board President Bill Johnston.
The average price for November mid-month transactions was $437,554 - up more than
five per cent compared to the average of $415,066 recorded during the first 14 days of
"Mortgage payments on the average priced home remain affordable in the GTA based.
This is why the average selling price continues to increase," said Jason Mercer, TREB's
Senior Manager of Market Analysis.