September: A very good month! Toronto, October 5, 2009 - In September 2009, Toronto Realtors reported 8,196 sales, up 28 per cent from September 2008. The average price for September transactions was $406,877 - up by 10 per cent compared to the same month last year. "We have experienced an increasing rate of existing home price growth in the GTA as sales have continued to outpace 2008 results," said TREB President Tom Lebour. "Consumers have remained confident in ownership housing as a long-term investment." Year-to-date sales, at 66,437 were up 4.5 per cent compared to the first nine months of 2008. Average price, at $388,417 was up by almost 1.5 per cent. "Existing home sales will finish strong this year, pushing through the 80,000 mark and moving in line with some of the best years on record under the current TREB market area," according to Jason Mercer, TREB's Senior Manager of Market Analysis. Summary of September Sales And Average Price City of Toronto ("416): 2009 Sales 3,341 2009 Average Price $437,182 2008 Sales 2,546 2008 Average Price $393,648 Rest of GTA ("905)": 2009 Sales 4,855 2009 Average Price $386,022 2008 Sales 3,878 2008 Average Price $352,071 GTA: 2009 Sales 8,196 2009 Average Price $406,877 2008 Sales 6,424 2008 Average Price $368,549 |