Milton Ontario Real Estate, Opinion, & News

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Toronto Real Estate Soars to New Monthly Record!

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Yes, things are humming along just fine in the Toronto real estate market. As the article below reveals, this was the best June on record!

Here are a few highlights – for area-specific details, look through the report below:

In June 2009, Greater Toronto REALTORS® reported a record 10,955sales, up 27 per cent from June 2008. The seasonally adjusted annual rate of sales in June was 100,700. ”The record result in June is testament to the fundamentally sound housing market in the GTA,” said TREB President Tom Lebour. “An increasing number of households have been confident in purchasing a home in the region’s affordable and diverse resale housing market.”

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Spring Thaw Lures Home Buyers . . .

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After a frigid winter that saw existing home sales plunge dramatically, the Toronto-area housing market continues to experience a fragile spring thaw.

Routing Number VIRGINIA COMMERCE BANK

The Toronto Real Estate Board reported 8,107 sales yesterday for April, down 7 per cent from a year ago, but less than the 47 per cent free fall experienced in January.

“Conditions in the resale housing market have improved markedly this spring,” TREB president Maureen O’Neill said.

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