September 25, 2018
 
Toronto home sales stronger in July
Greater Toronto Realtors reported 7,922 transactions through the Toronto MLs® system in July 2011, representing a 23 per cent increase over July 2010. Total sales through the first seven months of this year amounted to 55,863 – down by 1.3 per cent compared to the same period in 2010. After adjusting for seasonal fluctuations, the July figure continued to point to an annual sales result close to 90,000 – in line with results from the previous six months.

"Strong home sales continued in July, with a substantial rebound over last summer’s slow-down brought about by higher mortgage rates, new lending guidelines and misconceptions about the HST. The greatest rebound was seen in the condominium apartment segment in the City of Toronto," said Toronto Real Estate Board President Richard Silver. "If the current pace of sales holds up, we could see the second best year on record under the current TREB market area."

The average selling price in July was $459,122 – up by almost ten per cent compared to the July 2010 average of $418,675.

“Tight market conditions have boosted the annual rate of price growth this year. However, the listings situation is starting to improve. A better supplied market later this year and into 2012 would lead to a more sustainable rate of price growth,” said Jason Mercer, TREB’s Senior Manager of Market Analysis

 

Right At Home Realty Inc., 
Brokerage Toronto, Ontario
Canada, L5S 1X2
Phone: 416-818-1466
Fax: 905-565-6677

                                               

Wendy Wen

Sales Representative
Direct: 416-818-1466
Bus: 905-565-9200
wendyhomewendy@gmail.com

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Right At Home Realty Inc., Brokerage, Independently Owned & Operated