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Starting the Year off Right! TREB's Monthly Sales Report

February 5, 2011

Greater Toronto REALTORS® reported 4,337 transactions through the Toronto MLS® system in January 2011. This result was 13 per cent lower than the record result reported in January 2010.

“While off the record pace experienced a year ago, the GTA resale market has started the year on a solid footing. Home buyers in Toronto and surrounding areas continue to benefit from a diversity of housing types for sale at many different price points,” said TREB President Bill Johnston.

The average selling price for January 2011 sales was $427,037, representing an increase of over four per cent compared to the average of $409,058 reported in January 2010.

“The average selling price is expected to grow at a moderate pace in 2011. Growth rates in the three to five per cent range will be sustainable from an affordability perspective,” said Jason Mercer, TREB’s Senior Manager of Market Analysis.

** Provided By:  Toronto Real Estate Board, February 4, 2011


Tagged with: remax mandy coz mary nacarato toronto real estate board market update vaughan toronto
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Mary Nacarato & Mandy Coz Sales Representatives
RE/MAX Premier Inc., Brokerage Independently owned and operated
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