Farnaz Bahramian Fard Sales Representative (905) 780-9500 (Office) fbfard@trebnet.com www.fardhome.com Green Leaf Realty Inc., Brokerage 9555 Yonge St. Richmond Hill, ON  L4C 9M5

In this issue... - GTA REALTORS® Report Mid-Month Resale Housing Figures

 GTA REALTORS® Report Mid-Month Resale Housing Figures

TORONTO, JUNE 16, 2010 ‐ Greater Toronto REALTORS® reported 4,139 sales through
the Multiple Listing Service® (MLS®) during the first two weeks of June 2010.
This represented a 20 per cent decrease compared to the 5,185 sales recorded during
the same period in 2009. New listings increased by 21 per cent annually to 7,985.
“The pace of existing home sales in the GTA has slowed to more normal levels
following a record-setting start to 2010,” said Toronto Real Estate Board President Tom
Lebour.
“Due to higher mortgage carrying costs, sales in the second half of 2010 will not be as
high as what was experienced during the last six months of 2009.”
The average price for June mid-month transactions was $437,039 – up seven per cent
compared to the average of $407,716 recorded during the first 14 days of June 2009.
“The seller’s market conditions experienced during the first few months of the year have
given way to more balanced conditions. Home buyers are experiencing more choice,”
said Jason Mercer, TREB’s Senior Manager of Market Analysis. “With more choice in
the market place, price growth is starting to slow.”*
 

For more information, please visit:

 http://www.torontorealestateboard.com/consumer_info/market_news/index.htm

*Source: Toronto Real Estate Board