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Autumn Market Going Strong

September 20, 2007 -- With 3,236 sales so far this month, re-sale housing activity has increased 11 per cent as compared to the first half of September 2006, Toronto Real Estate Board President Maureen O’Neill announced today.

The past five consecutive months have been record-breakers and September is on track to follow suit. It is four per cent ahead of the 3,112 recorded during the first half of September 2005, which became the best September ever.

“Some economists who predicted a soft landing may have to revise their forecasts, said O’Neill. The real estate market continues to prove its strength month after month. There simply is no better investment.”

The average price for a home in the Greater Toronto Area currently stands at $364,364, an increase of nine per cent compared to first half of September 2006.

Posted on Thursday, September 20, 2007 at 03:42PM by Registered CommenterElaine in | Comments1 Comment

Reader Comments (1)

I can only agree with the predicts. I am a realtor in Toronto and there wasn´t a better time to buy a new house.

There is really a gigantic growth in this market now. I have much more clients, which are interested in investing to condos than ever.

So I hope this trend is not only a big bubble, that will blast soon:)
October 16, 2007 | Unregistered CommenterToronto realtor

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