March 16, 2011

GTA REALTORS® Report Monthly Resale Housing Market Figures 

TORONTO, March 16, 2011 -- Greater Toronto REALTORS® reported 4,138 sales during 

the first two weeks of March 2011 – a five per cent decrease compared to the first 

two weeks of March 2010.  The number of new listings also dipped – down by 15 

per cent compared to the same period last year. 

"A positive economic outlook for the Greater Toronto Area, including steady 

growth in jobs and incomes, has kept households confident in their ability to 

purchase and pay for a home over the long term," said Toronto Real Estate Board 

(TREB) President Bill Johnston.  

The average price for transactions during the first 14 days of March was $460,196, 

representing a 4.6 per cent increase compared to the first two weeks of March 

2010. 

"Market conditions are tighter compared to this time last year, resulting in more 

competition between buyers and sustained upward pressure on the average 

selling price.  The annual rate of price growth is expected to range between three 

and five per cent in 2011," said Jason Mercer, TREB's Senior Manager of Market 

Analysis.