Where Is The Market?

October 6, 2009

So we all find ourselves asking the same questions; Where is the Real Estate market these days? Is the recession really over? Is this a safe time to buy?

Good news - Things seem to be very active!

According to the Toronto Real Estate Board, in the period of August 2009 - September 2, 2009, Greater Toronto REALTORS® reported 8,035 sales, up 27% per cent from August 2008. The average price for August transactions was $387,921 - up by six per cent compared to the same month last year.

"The increase in demand for existing homes has been widespread across different housing types and price ranges," said TREB President Tom Lebour.

Year-to-date sales, at 58,421 were up two per cent compared to the first eight months of 2008. Average price, at $385,978 was up by less than one-half of one per cent.

Home Renovations Tax Credit - Are You Eligible?

As the fall weather settles in, and starts to keep us inside more and more, you may find yourself looking around and remembering those changes and updates you were thinking about making. Please remember to check this link to see if you are eligible for the HRTC.

You might also like

1. Market Update – Mid November 2009
2. Real estate market calmer in August
3. Housing Market in the GTA – June
4. Real Estate Market In November
5. Housing Market to Worsen

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