August Mid-Month Resale Market Stats for Toronto and Durham Region, Ontario

In the first two weeks of August, the Greater Toronto Realtors reported a 27% increase in sales compared to the first two weeks of August 2008 for a total of 3,832 sales.

The average price for these transactions was up 3% over the same period last year.

Year to date sales for 2009 are up very slightly from 2008 while the average price is down by less than 1/2%.

Clearly, low interest rates and reasonable home prices are having a very, positive effect on the housing market in Canada.