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Toronto Loft Conversions

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Modern Toronto Lofts

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Unique Toronto Homes

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Condos in Toronto

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Toronto Real Estate

Toronto Real Estate

For all of your Toronto real estate needs, contact Laurin. I am dedicated to helping you find that perfect and unique new home to call your own.

 

Tag Archives: mortgage carrying costs

June sales volume down, prices still rise

GTA Realtors Report Mid-Month Resale Housing Figures

Greater Toronto Realtors reported 4,139 sales through the Multiple Listing Service (MLS) during the first two weeks of June 2010.

This represented a 20% decrease compared to the 5,185 sales recorded during the same period in 2009. New listings increased by 21% annually to 7,985.

“The pace of existing home sales in the GTA has slowed to more normal levels following a record-setting start to 2010”,said Toronto Real Estate Board President Tom Lebour.

Due to higher mortgage carrying costs, sales in the second half of 2010 will not be as high as what was experienced during the last six months of 2009.

The average price for June mid-month transactions was $437,039 – up 7% compared to the average of $407,716 recorded during the first 14 days of June 2009.

The seller’s market conditions experienced during the first few months of the year have given way to more balanced conditions. Home buyers are experiencing more choice,said Jason Mercer, TREB’s Senior Manager of Market Analysis. With more choice in the market place, price growth is starting to slow.

Summary Of June Sales And Average Price

City of Toronto (sales -20.3% | price +4.0%)
2010 Sales: 1,681 | Average Price: $467,983
2009 Sales: 2,023 | Average Price: $449,946

Rest of GTA (sales -28.6% | price +9.2%)
2010 Sales: 2,458 | Average Price: $415,876
2009 Sales: 3,162 | Average Price: $380,698

All of GTA (sales -25.3% | price +7.2%)
2010 Sales: 4,139 | Average Price: $437,039
2009 Sales: 5,185 | Average Price: $407,716

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Contact the Jeffrey Team for more information  –  416-388-1960

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