Greater Toronto REALTORS® reported 4,138 sales during the first two weeks of March 2011 – a five per cent decrease compared to the first two weeks of March 2010. The number of new listings also dipped – down by 15per cent compared to the same period last year.
"A positive economic outlook for the Greater Toronto Area, including steadygrowth in jobs and incomes, has kept households confident in their ability to purchase and pay for a home over the long term," said Toronto Real Estate Board(TREB) President Bill Johnston.
The average price for transactions during the first 14 days of March was $460,196,representing a 4.6 per cent increase compared to the first two weeks of March2010."
Market conditions are tighter compared to this time last year, resulting in morecompetition between buyers and sustained upward pressure on the averageselling price. The annual rate of price growth is expected to range between threeand five per cent in 2011," said Jason Mercer, TREB's Senior Manager of MarketAnalysis.
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your posts are full of useful info for the newbies, and good reminders for those that have been around awhile.
Andy
Posted by: condo Philippines | Tuesday, March 29, 2011 at 12:26 AM
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Posted by: Edward | Tuesday, June 28, 2011 at 05:54 AM