Ontario Real Estate Source
By Brian Madigan LL.B.
You might wonder what is happening to the real estate market in
Here are the latest figures released by the Toronto Real Estate Board.
Month Sales Average Price
January 4,208 $425,903
February 6,074 $452,967
March 9,009 $455,886
April 8,783 $476,637
May 9,785 $485,436
June 9,976 $474,365
July 7,711 $458,966
August 7,384 $451,310
September 7,658 $465,369
So far, everything is quite predictable. The market rose and peaked in May with a high average price for the year at $485,436. Then it declined until August and started an upward course once again.
If trends continue like they have over the last decade the average price in October will approximate the May number. Usually, the two peaks, being in the Spring and Fall markets are about equal.
There was a significant deviation from this usual trend in October 2009 with the world stock market crisis and loss of confidence in financial institutions.
This October offers challenging market concerns with
on the brink of disaster and the Toronto Stock market (TSX) slipping officially into bear market status. Greece
The resurgence in the
real estate market in September was evident and predictable, but there may be some uncertainty going forward. This represents opportunity for both sellers and buyers. Toronto
Brian Madigan LL.B., Broker is an author and commentator on real estate matters, if you are interested in residential or commercial properties in Mississauga, Toronto or the GTA, you may contact him through Royal LePage Innovators Realty, Brokerage 905-796-8888