City of Toronto Housing Sales for January

Here is the summary of sales and average sale price for the month of January 2009 versus 2008.

City of Toronto stats only (ie 416 area code):

  • Jan. 2009: Sales total of 1,106; average sale price of $364,416
  • Jan. 2008: Sales total of $2,128; average sale price of $404,202

We have seen 48% drop in transactions and a 10% drop in values versus January of 2008 .

“Moderated housing prices combined with low interest rates could present excellent long-term
investment and homeownership opportunities in the GTA housing market,” noted TREB President Maureen O’Neill (also an office manager here at
Bosley Real Estate Ltd.)

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