Average price for November 2010 is $437,554 which is about 5% HIGHER than same period in 2009
The full article is below...
GTA REALTORS(r) Report Mid-Month Resale Housing Market Figures
TORONTO, November 16, 2010 -- Greater Toronto REALTORS(r) reported 3,076 sales through the Multiple Listing Service(r) (MLS(r)) during the first two weeks of November 2010.
This represented a 16 per cent decrease compared to the 3,666 sales recorded during the same period in November 2009. Year-to-date sales amounted to 78,526 - up slightly from the 2009 total.
"The number of transactions remained high relative to new listings through the first half of November, promoting a healthy rate of price growth compared to last year," said Toronto Real Estate Board President Bill Johnston.
The average price for November mid-month transactions was $437,554 - up more than five per cent compared to the average of $415,066 recorded during the first 14 days of November 2009.
"Mortgage payments on the average priced home remain affordable in the GTA based.
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