Home Sales Up 84% First Two Weeks of November

The Greater Toronto REALTORS reported healthy home sales for the first two weeks of November. Home sales are up 84% with 3,666 sales compared to the same time span the year before.

Tom Lebour, President for the Toronto Real Estate Board says, "Increased interest in ownership housing has been widespread throughout the GTA and across all housing types."

The mid-month report provides a compartive summary on November sales and average prices for 2008 and 2009 for the City of Toronto.

Read the full summary, GTA Realtors Report - Mid November Housing Figures (Toronto Real Estate Board, November 18, 2009)

Sales of Luxury Homes Increase in the GTA

According to a Remax Ontario Atlantic Canada report, there were 1,706 luxury homes sales of $1 million or over in the greater Toronto area from January to September 2009, an increase of 1 per cent over the same period last year.

Amid a recession, the buyers of these million dollar homes are in fact local buyers. "A considerable shift is under way in the upper end," says Michale Polzler, executive vice president of Remax. "Conditions are more balanced across the board."

Read Tony Wong's full article "Sales of GTA luxury homes inch higher amid recession" (Toronto Star, November 3, 2009)