Greater Toronto REALTORS® Report January 2011 Monthly Resale Housing Market Figures
TORONTO, February 4, 2011 — Greater Toronto REALTORS® reported 4,337 transactions through the TorontoMLS® system in January 2011. This result was 13 per cent lower than the record result reported in January 2010.
“While off the record pace experienced a year ago, the Greater Toronto Area resale market has started the year on a solid footing. Home buyers in Toronto and surrounding areas continue to benefit from a diversity of housing types for sale at many different price points,” said Toronto Real Estate Board President Bill Johnston.
The average selling price for January 2011 sales was $427,037, representing an increase of over four per cent compared to the average of $409,058 reported in January 2010.
“The average selling price is expected to grow at a moderate pace in 2011. Growth rates in the three to five per cent range will be sustainable from an affordability perspective,” said Jason Mercer, Toronto Real Estate Board’s Senior Manager of Market Analysis. View it on YouTube at http://www.youtube.com/watch?v=IFTn3DolhA4.
source treb
“While off the record pace experienced a year ago, the Greater Toronto Area resale market has started the year on a solid footing. Home buyers in Toronto and surrounding areas continue to benefit from a diversity of housing types for sale at many different price points,” said Toronto Real Estate Board President Bill Johnston.
The average selling price for January 2011 sales was $427,037, representing an increase of over four per cent compared to the average of $409,058 reported in January 2010.
“The average selling price is expected to grow at a moderate pace in 2011. Growth rates in the three to five per cent range will be sustainable from an affordability perspective,” said Jason Mercer, Toronto Real Estate Board’s Senior Manager of Market Analysis. View it on YouTube at http://www.youtube.com/watch?v=IFTn3DolhA4.
source treb
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