Toronto Home And Condo Resales, Prices August 2011

Strong Home sales in August resulted in 7,542 resales through the Toronto MLS system, a 24 per cent increase over the 6,083 Home and Condo resales in August 2010.

Despite the dismal economic outlook and large declines in all stock markets, the  Toronto Real Estate Market continued in positive territory.

Home listings were tight in Toronto resulting in strong average prices in many areas of Toronto. The average resale price in the GTA was $451,663, up 10 per cent year-over-year.

Partly due to major home ownership costs remaining affordable, the Toronto Real Estate Board is expecting the second best year on record for Home and Condo resales.

Here is the complete Toronto Home And Condo Toronto Real Estate Market Watch August Update.