Sales up almost 2% over last year…9,589 reported sales…

In May 2009, Greater Toronto Realtors reported 9,589 sales, up almost 2% from May 2008 – the first annual increase since December 2007. “The resale housing market in the GTA has remained resilient in the face of challenging times globally,” according to TREB President Maureen O’Neill. “Many home buyers have taken advantage of extremely low mortgage rates.”
The average price for April transactions was $395,609 – down less than one per cent compared to the same month last year.

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