3,832 sales in first two weeks of August, 27% increase over last year…average price up 3% according to TREB figures…

(Source: The National Post)

Last week, the prime minister said that the recession is not over – but nobody seems to have told Toronto homebuyers. Even the torrential downpours didn’t keep them indoors. In the first two weeks of August, realtors in the GTA reported 3,832 sales, a 27% increase on the numbers for the same period last year. The Toronto Real Estate Board said this week that the average price for resale transactions was $383,796, that is, a 3% year-over-year rise.

Read the full article by Helen Morris, “Recession is not over but nobody told Toronto homebuyers” in the National Post (August 20, 2009).
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