GTA REALTORS® Report August Mid-Month Resale Market Statistics

TORONTO, August 18, 2009 - In the first two weeks of August, Greater Toronto REALTORS® reported 3,832 sales – up 27 per cent compared to the first two weeks of August 2008. The average price for these transactions was up three per cent year-over-year to $383,796.

Summary Of August Sales And Average Price

August

2009                                                               2008

                                                    Sales      Average Price                                    Sales      Average Price

                City of Toronto ("416")     1,465        $391,252                                            1,192          $394,563

               Rest of GTA ("905")         2,367        $379,181                                            1,827          $360,326

               GTA                                   3,832        $383,796                                             3,019         $373,844

Source: Toronto Real Estate Board
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