Thursday, November 06, 2008

Toronto Prices down 4% and sales volumes down 35% for October 2008

October Toronto Real Estate Board statistics in a nutshell,

the latest sales figures for October, prices down 4% in October compared to September, unheard of that the price falls in October, first time in 13 years

sales volumes down 35% during same period

even though 905 price drops are larger than average, it seems the local market is ok, homes are selling and prices don't seem to be dropping too much in Mississauga, we should be through this downturn by early spring!

you can read the stats in my online newsletter, if you are allowed to go to the internet, I'm sure Dave is happy to hear these stats

Toronto Real Estate Board (TREB) Average Prices and Graph

For more information please contact A. Mark Argentino

A. Mark Argentino, Broker, P.Eng.,
Specializing in Residential & Investment Real Estate
RE/MAX Realty Specialists Inc., Brokerage
2691 Credit Valley Road, Suite 101, Mississauga, Ontario L5M 7A1

BUS. 905-828-3434
FAX. 905-828-2829

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