TORONTO - Tuesday, July 6, 2010

SINGLE FAMILY RESIDENTIAL BREAKDOWN

Greater Toronto REALTORS® reported 8,442 sales through theMultiple 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.”

Brampton and Malton Marekt update 

In Brampton West W23 there was 1077 new listing and 387 got sold with average price of $ 345,682 and for only 24 average number of days on the market.

In Brampton East W24 there was 782 new listing and 314 got sold with average price of $ 347,153 and for only 24 average number of days on the market.

 In Malton W18 there was 163 new listing and 35 got sold with average price of $ 266,227 and for only 31 average number of days on the market.