Location, location, location....

As housing sales return to positive territory, parts of the local market go from 'famine to frenzy.

Annoyingly for buyers, rejoicingly for sellers, bidding wars for Toronto real estate have surged back from extinction.

House sales for the first two weeks in May were in positive territory – 3 per cent above the same period in 2008 – for the first time since the market's tailspin last fall.

"Buyers have returned to the market with the realization that apart from manufacturing and construction, the GTA economy is holding up well," said housing analyst and economist Will Dunning. "The surge in the stock market and the change in tone from the U.S. are also lifting confidence."  full story  May 31, 2009  Tony Wong - The STAR Staff Reporter 

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