GTA REALTORS(R) Release Housing Figures

October 16, 2013 -- Greater Toronto Area REALTORS reported 3,460 sales through the TorontoMLS system in the first 14 days of October 2013. This result was up by Twenty-one percent in comparison to 2,849 sales reported during the same period in 2012. October mid-month sales were also up by Thirteen per cent compared with the 10-year average.  "With October mid-month sales well-above the Ten year average, it appears clear that we have more than recovered from the temporary dip in home transactions that resulted from the beginning of stricter mortgage lending guidelines," said Toronto Real estate Board President Dianne Usher. If this were not correct, the amount of sales might have been larger because more homes would've been able find a home to purchase," continued Ms. There have been more buyers competing for available properties compared to the initial half of the year, that has led straight to increased upward pressure on average selling prices," said Jason Mercer, the Toronto Real estate Board's Senior Manager of Market Analysis. www.tomsmok.com www.tomsmok.wordpress.com www.tomsmok.blogspot.com