Housing Market is Stable
By Sylvie Conde, Broker, Toronto Real Estate
(Sutton Group-Associates Realty Inc., Brokerage)
The resale housing market in the GTA continued stable in July. The average price in the City of Toronto is $395,342, which is an increase of less than one percent over July 2007, and ten percent over 2006. In the 905 region, the price increased three per cent, compared to July 2007. This also represents an increase of about eight per cent over July 2006. TREB President Maureen O'Neill said: "Sales declined 12 per cent last month from the best-ever July 2007 record of 8,912 but increased 10 per cent from the 7,082 sales transacted in July 2006,"... "Comparing July 2007 with July 2006, sales increased by 26 per cent." In the City of Toronto 3,132 sales were recorded, down 14 per cent from July 2007, but up 10 per cent from the sales recorded two years ago in 2006. Comparing July 2007 with...
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