Welcome to my Web site!


03 November 2010
October Price Growth Reflects Healthy Housing Market Conditions
Greater Toronto REALTORS® reported 6,681 sales through the Multiple Listing Service® (MLS) in October 2010. This
represented a 21 per cent decrease compared to the 8,476 sales recorded in October 2009. Through the first ten months of
the year, sales amounted to 75,582 units, up one per cent compared to the January through October period in 2009.
"The annual change in sales and average selling prices has been quite uniform across the GTA and by property type as the
market has balanced out from record levels of sales in the second half of 2009 and first few months of 2010," said Toronto
Real Estate Board (TREB) President Bill Johnston.
"The composition of GTA home sales does differ depending on location. Condominium apartments accounted for 42 per cent
of total sales in the City of Toronto and almost 60 per cent of sales in TREB's central districts," Johnston continued. "In regions
surrounding the City of Toronto, in contrast, low rise home types accounted for almost 90 per cent of transactions." The
average price for October transactions was $443,729, up five per cent compared to the average of $423,559 reported in
October 2009. The average selling price through the first nine months of the year was $430,802.
"The average selling price in the GTA has continued to grow relative to 2009 because home ownership has remained
affordable," said Jason Mercer, the Toronto Real Estate Board's Senior Manager of Market Analysis.
"A household earning the average income in the GTA can comfortably afford the mortgage payments associated with the
purchase of an average priced home."
"The outlook for mortgage rates and income growth over the next year is favourable. The average home selling price could
increase moderately next year and remain affordable for the average GTA household," continued Mercer. In October 2010, the
median price was $366,000, from the $357,000 recorded during October of 2009.

 

Please be advised that this is a Demonstration Website to show the features available from the Hosting Company. However, as a working Real Estate Broker, you will find a wide variety of useful information and resources designed to help you buy or sell a home more effectively in the Aurora, Bradford, King, Markham, Newmarket, Oak Ridges, Richmond Hill, Stouffville, Thornhill, Unionville areas. From information on the local community, to advice about finding a mortgage or preparing your home to sell, it's all available here on this web site.

 

You can also search for your ideal home by viewing current listings with detailed descriptions and photos. Or you can get help determining the value of your home by requesting a report that includes the prices of similar homes that recently sold or are currently for sale in the Aurora, Bradford, King, Markham, Newmarket, Oak Ridges, Richmond Hill, Stouffville, Thornhill, Unionville areas.

So whether you're buying or selling, feel free to contact me and I will be happy to help you with all your real estate needs.

Buyers

Whether you're looking for your first home, your dream home or an investment property, I'm committed to providing you with the highest quality buyer service. When making the type of investment that buying a home requires, you deserve to have all the latest market information and the very best advice, both of which I can provide you with. Read more.

Sellers

The decision to sell a home is often dependent on many factors. Whatever your reasons are for selling, my proven effective marketing strategies will ensure that you get the highest possible price for your home. I guarantee to provide you with professional, ethical and confidential service and keep you fully informed every step of the way. Read more.