In July 2009, Greater Toronto REALTORS® reported a record 9,967 sales, up 28 per cent from July 2008. The average price for July transactions was $395,414 – up by six per cent compared to the same month last year.

GTA real estate proves resilient during first six months of 2009, says RE/MAX – One in five neightbourhoods have surpassed pre-recession average price levels. In the midst of the recession, approximately twenty per cent of single-detached homes and condominiums in Greater Toronto Area neighbourhoods managed to post an increase in average price, according to RE/MAX.

Recovery underway in key Canadian markets ends buyer dominance in resale housing, says RE/MAX Pent-up demand for residential housing has bolstered sales in Canada’s major markets—a clear signal that the housing sector has shifted into recovery mode, according to a report issued by RE/MAX. More balanced market conditions have emerged, effectively ending the stronghold that buyers had on the market over the past six to eight months.

This Stunning Home Has It All! Immaculate, Over $100,000 Spent In Recent Upgrades. New Driveway, Garage Doors, Patio flooring, Granite Foyer, Granite in Kitchen and all Washrooms, Granite Kitchen Counter Top, Granite Back splash, Professionally Landscaped, All Sound Proof Doors. This Home Has All The Convenience And Comfort Built-In. Walk To School, TTC at backdoor, All Amenities in walking distance.

The provincial government has announced some proposed changes to the way it would apply the proposed Harmonized Sales Tax (HST) to the purchase price of newly constructed housing. The provincial government has also announced proposed transitional details for newly constructed properties.