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Real Estate Market Updates


 Market More Balanced in June

July 6, 2010 -- Greater Toronto REALTORS reported 8,442 sales through the Multiple Listing Service (MLS) in June. This represented a 23 per cent decrease compared to the record 10,955 sales reported in June 2009. Sales for the second quarter of 2010 amounted to 28,810 - up one per cent annually. Year-to-date sales through June were up 23 per cent to 50,455 compared to the first six months of 2009.
"We experienced a record number of existing home sales during the first half of 2010, but these sales were weighted more towards the beginning of the year," said Toronto Real Estate Board President Bill Johnston. "The pace of home sales has moderated from record levels over the past two months with the prospect of higher mortgage rates."
The average price for June transactions was $435,034 - up eight per cent compared to the average of $403,972 recorded for June 2009.
"With more homes to choose from in the second quarter, many home buyers have been making less-aggressive offers. This has resulted in less upward pressure on the average selling price," said Jason Mercer, TREB's Senior Manager of Market Analysis. "The annual rate of average price growth in the second half of 2010 will be in the single digits."
In June, the median price was $367,750, from the $345,000 recorded during June of 2009. 
- Toronto Real Estate Board 


大多區7月房屋銷量跌37% 均價昇8%
2010年7月23日-- 多倫多地產局本週一公佈的最新數據顯示,7月前兩週通過MLS交易的重售房數量為2,790套,比2009年同期的4,437套下跌37%;但房屋均價為427,931元,比去年同期的394,750上漲8個百份點;新上市房屋量則下降8%至5,184間。
地產局主席Bill Johnston稱,去年夏天房市猛昇,大大超過預期;今年頭四個月的銷售量也高得不合時宜。預計下半年交易活動將放緩。「但今年迄今為止的銷量仍比去年同期高出18%,我們期待今年仍將是大多地區銷售最好的年份之一。」他說。
地產局高級市場分析經理Jason Mercer表示,雖然房屋銷售量將會有所下降,但仍將有足夠銷量支撐房屋價格的上漲,因此下半年大多倫多地區的房屋價格仍將繼續上揚
- 地產周刊


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