Toronto Real Estate Agents in the Greater Toronto Area reported 3,666 MLS resales, an increase of 84 per cent compared to the first two weeks of November 2008.
The average Toronto resale price was also up to $415,066 an increase of 10 per cent from the same period a year ago according to the Toronto Real Estate Board.
In the year to date comparisons MLS resales were up 11 per cent to 78.233 and the average resale price $393,180 , a 3 per cent increase.
It is important to understand that Toronto Real Estate in the fall of 2008 experienced a big decline in sales and average price so the above comparisons show much higher levels as the Real Estate Market returns to previous levels prior to 2008.
Summary of Toronto Real Estate Mid November Resales and Average Price:
City Of Toronto Sales 1,560- 2009, 830-2008 Price $441,893-2009, $400,305-2008
Rest Of GTA Sales 2,106-2009, 1,161-2008 Price $395,195-2009, $358,130-2008
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