GTA Market Update
With a total of 2,509 sales through the MLS® system during the first two weeks of December sales to date for the year are down 1% from the 2009 level.
Prices continue to climb with a year to date average up 3% for all housing types except townhouses which are up 5%. Average prices increaes were higher in the 416 area than in the 905 area.
"While off the 2009 record, the level of December transactions remains strong from a historic perspective. The number of transactions in 2010 will be the third highest on record." Toronto Real Estate Board President Bill Johnston.