7,446 housing sales for November ’09 vs 3,540 in November ’08…Average price up 14 per cent year-over-year to $418,460…average price year-to-date up four per cent to $394,464…
(Source: The Globe and Mail)
November housing sales in the Greater Toronto Area have doubled since the same month last year, according to the Toronto Real Estate Board.
There were 7,446 sales of single family dwellings in November 2009, up significantly from the meagre 3,640 last year when the real estate market took a beating from the world-wide recession.
“This year in the GTA home sales will be in line with the healthy levels experienced between 2004 and 2006,” said TREB President Tom Lebour.
Read the full article by Stuart Paterson, “GTA home sales double in November” in the Globe and Mail (Dec 3, 2009).
View the full Toronto Real Estate Board Market Watch Report Here.