Phone: 416 489 2121  Fax: (416) 987-2218

Housing Market

March 19, 2009 - Updated: March 25, 2009

 

 Market Watch

 

Toronto, March 19, 2009

 

“As we move into the spring market, it appears that we are seeing stronger demand for ownership housing in the Greater Toronto Area,” said TREB President Maureen O’Neill. “Buyers are reacting to the market’s strong foundation of affordability.”

The average price for MLS® sales was $365,499 compared to $385,405 last year.

“Affordability has improved over the past few months due to a combination of lower home prices, near record lows for mortgage rates and rising earnings, according to Jason Mercer, TREB’s, Senior Manager of Market Analysis.

 

Visit our Website at  georgeandtoni.com also visit muddyork.com 

 

Toni Vernon and George Klump

 


Tagged with: overall market prices spring market
| | Share

Leave a comment...

Please enter the numbers found on the right.

Royal LePage Real Estate Services Johnston & Daniel Divison Brokerage
Brokerage

477 Mount Pleasant , Toronto, ON M4S 2L9

Phone  416 489 2121
Powered by Lone Wolf Real Estate Technologies (CMS6)