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.)