Toronto Real Estate with Mulholland | Ross

Toronto Real Estate Springs into Spring!

The Toronto Real Estate Board site stated that “Greater Toronto REALTORS® reported 7,291 sales through the Multiple Listing Service® (MLS®) in February, representing a 77 per cent increase over February 2009. The average price for these transactions was up 19 per cent year-over-year to $431,509. Sales and average price increases represent both increased demand for ownership housing and the base year effect, which involves a comparison of economic recovery this year to a period of economic decline last year.

Statistics reported for the first two weeks of March 2010 indicate that Toronto is heading into an exciting Spring market!

Greater Toronto REALTORS® reported 4,353 sales through the Multiple Listing Service® (MLS®) during the first two weeks of March.  This represented a 70 per cent increase compared to the 2,562 sales recorded during the same period in 2009 when resale transactions had dipped markedly due to the recession. 

View charts comparing sales numbers and prices here.

We are expecting to see more new listings hit the market in the next few weeks which should offer some relief to buyers who have been trying to buy a home in a hot market.

We are curious to know what are you think might happen to Toronto’s real estate market in the coming months. Share your comments here.

Tags: "mulholland ross", "toronto homes", north york homes, toronto condos, toronto real estate

This entry was posted on Thursday, March 18th, 2010 at 4:11 pm and is filed under BUYING INFORMATION, HOWS THE MARKET, SELLING INFORMATION. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

1. Real estates in dehi said at April 25th, 2010 at 3:27 am

   In the coming days Toronto’s real estate market should be increase. I hope so that. This represented a 70 per cent increase compared to the 2,562 sales recorded during the same period in 2009 when resale transactions had dipped markedly due to the recession. It is reat achievement for Toronto’s real estate.

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