Toronto Real Estate July 2009 Sales
Recently Toronto real estate agents reported their sales figures for July 2009. It was a record high with 9967 sales up almost 28% from July 2008. Even the average price for a Toronto house was up by 6 percent from the same time last year.
Toronto Real Estate Board president said that households who are confident in todays economic situation took advantage of affordable prices in the Greater Toronto Area this summer. He also mentioned that the Toronto Real Estate market has been a positive change in todays economy, contributing to growth in Toronto and Canada in general.
Up to this point in the year the sales are a little down, just by 1.2% compared to the same time in 2008. Average Toronto house prices are down only by 0.5%. And that accounts for the slow start in the beginning of the year. Some belive that by the years end, the numbers will be much higher then in 2008.
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