January 19, 2010

The Toronto Real Estate Board reported 1,749 existing home sales on the Multiple Listing Service during the first two weeks of January. WOOT WOOT!

This equates to almost double the 888 sales reported for the same period in 2009, when sales had dipped to a recessionary low. Due to the recessionary low, the comparison is more fun to look at than providing any real insight to the current market.

“We have had a strong start to 2010,” said Toronto Real Estate Board President Tom Lebour.

“Widespread sales growth in terms of geography and housing type indicates that many households remain confident in their ability to purchase and pay for a home over the long-term.”

The average price for transactions in the first two weeks of January was $395,307, compared to an average of $332,495 for the same period in 2009.

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