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GTA REALTORS® Report Mid-Month Resale Housing Figures
TORONTO, August 17, 2010 ‐ Greater Toronto REALTORS® reported 2,732 sales
through the Multiple Listing Service® (MLS®) during the first two weeks of
August 2010.
This represented a 29 per cent decrease compared to the 3,832 sales
recorded during the same period in 2009. New listings, at 4,770 were down
eight per cent compared to the first two weeks of August 2009.
“Throughout the better part of the last year, the number of monthly sales
was well above the expected long-term trend. Accordingly, it makes sense
that the number of transactions has dipped over the past few months in
comparison to last year’s record results,” said Toronto Real Estate Board
President Bill Johnston.
The average price for August mid-month transactions was $412,934 – up
eight per cent compared to the average of $383,796 recorded during the
first 14 days of August 2009.
“We have seen a sufficient number of buyers relative to sellers over the
summer months to support continued year-over-year price growth in the
GTA,” said Jason Mercer, TREB’s Senior Manager of Market Analysis.
Housing Charts Continue…
NEWS RELEASE
PAGE 2
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Mary Gallagher, Manager Media Relations
Toronto Real Estate Board 1400 Don Mills Road Toronto
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Email:maryg@trebnet.com
Sales & Average Price By Home Type
August‐2010
Sales Average Price
416 905 Total 416 905 Total
Detached 296 945 1,241 635,107 482,492 519,100
Yr./Yr. % Change ‐36% ‐29% ‐31% 15% 7% 9%
Semi‐Detached 118 184 302 450,272 343,819 385,413
Yr./Yr. % Change ‐17% ‐22% ‐20% 10% 9% 10%
Townhouse 109 317 426 358,246 303,804 317,734
Yr./Yr. % Change ‐41% ‐29% ‐32% 8% 4% 5%
Condo Apartment 505 196 701 315,993 258,789 299,999
Yr./Yr. % Change ‐24% ‐32% ‐26% 8% 6% 8%
Source: Toronto Real Estate Board
Summary Of August Sales And Average Price
August
2010 2009
Sales Average Price Sales Average Price
City of Toronto ("416") 1,040 $425,874 1,465 $391,252
Rest of GTA ("905") 1,692 $404,980 2,367 $379,181
GTA 2,732 $412,934 3,832 $383,796
Source: Toronto Real Estate Board
Greater Toronto REALTORS® are passionate about their work. They adhere to a strict Code of Ethics
and share a state-of-the-art Multiple Listing Service. Serving over 30,000 Members in the Greater
Toronto Area, the Toronto Real Estate Board is Canada’s largest real estate board. Greater Toronto Area
open house listings are now available on www.TorontoRealEstateBoard.com.
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