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September 2, 2009

The Toronto Real Estate Board reported 8,035 sales in August, up 27 per cent from last year.

Average prices are also up by 6% compared to $387,921, from the same month last year.

“The increase in demand for existing homes has been widespread across different housing types and price ranges,” said TREB President Tom Lebour.

As of the end of August, the year-to-date sales stand at 58,421, up 2 per cent compared to the first eight months of 2008.

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