Archive for August, 2009

What Goes Up Doesn’t Always Come Down

What Goes Up Doesn't Always Come Down In The Toronto Real Estate Market Photo

     Following is an article by Tony Wong as it appeared in the Aug 26th edition of the Toronto Star:  What happens if you had a recession and housing prices didn’t really go down?  That’s the scenario Toronto could be in by the end of 2009, as economists scramble to revise forecasts. 

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Toronto Real Estate Market Report: August 2009 Mid-Month Statistics

Toronto Real Estate Market Report: August 2009 Mid-Month Statistics Photo

     In the first two weeks of August, Greater Toronto REALTORS® reported 3,832 sales – up 27 per cent compared to the first two weeks of August 2008. The average price for these transactions was up three per cent year-over-year to $383,796.

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Toronto Real Estate Market Report: July 2009 Statistics

Toronto Real Estate Market Report: July 2009 Statistics Photo

     In July 2009, Greater Toronto REALTORS® reported a record 9,967 sales, up 28 per cent from July 2008. The average price for July transactions was $395,414 – up by six per cent compared to the same month last year.

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