February 2009 Toronto Real Estate Market Statistics

Statistics for February from The Greater Toronto Real Estate Board have been published today, showing a rise in the average sale price of 5.1% from the month earlier number. The average price for homes in the GTA rose from $343,632 in January 2009 to $361,305.

From one year ago, the GTA market is down 5.4% and from the market peak in May 2008, we are down 9.3%.

This continues to show the strength of the Toronto real estate market. It should rebound rapidly as soon as the whole economic picture improves.





Click here for the complete statistics report from the Real Estate Board

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