GTA November Home Sales

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By Elli Davis, December 8, 2009

Good news!!! Signs of recovery in the real estate market are continuing to show quite significantly. According to the newest "Market Watch" of Toronto Real Estate Board, Greater Toronto REALTORS® reported that 7, 446 is the exact number of sold homes in GTA during November 2009. In comparison with November 2008, the sales more than doubled.

There was an increase in the median and average prices for a property too. This November, the median price for a real estate was $353,800, compared to $312,250 from November of 2008. The average price for a house/condo went up by 14 percent over the year to reach as much $418,460.

This trend can be expected to continue also in the first three months of 2010, because the housing market was in a quite critical state in the first quarter of 2009. Thus the comparison will reveal noticeable differences. After that period, the contrast should become less apparent.

The original, 16 pages long report of Toronto Real Estate Board including detailed charts and graphs can be found here.