Toronto Realtors reported sales up 34 per cent and the average price for these transactions up 17 per cent year over year.

The comparisons to the fall of 2008 when the Real Estate Market was in decline will impact the current statistics.

Year to date sales were up 6 per cent compared to 2008 with the average price up 2 per cent.

The Toronto Real Estate Board reported "Tight market conditions throughout the GTA will continue to exert upward pressure on home prices in the fourth quarter."

The City of Toronto reported an average price of $455,001 up 21 per cent from $375,804 in 2008.