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Housing sales report best June on record in Greater Toronto Area

The Globe and Mail 07/07/2009 14:42
Housing sales report best June on record in Greater Toronto Area - Toronto - Housing Sales - Real Estate Market


Home sales in the Greater Toronto Area have rebounded in a big way after a brutal slump, increasing nearly 30 per cent since last June and heralding the return of a seller's market.



The Toronto Real Estate Board reports that this was the best June on record, with 10,955 single-family homes sold last month, and the average price hitting $403,972 - up 2 per cent from the same month last year.

"A lot of places are getting multiple offers," said Toronto real-estate broker John Pasalis. "It definitely is a heated market right now."

University professor Sharon Sliwinski has been house-hunting since mid-June and is already frustrated with the crowded market.

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