Monday, March 19, 2012
GTA REALTORS(R) Report Mid-Month Resale Housing Market Figures
TORONTO, ONTARIO, Mar 19, 2012 (MARKETWIRE via COMTEX) -- During the first 14 days of March, Greater Toronto REALTORS(R) reported 4,215 transactions through the TorontoMLS system, representing a seven per cent increase compared to the same period in 2011. The number of new listings was down by two per cent year-over-year to 6,970.
"Home buyers continue to benefit from the affordable housing situation in the GTA. Immigration to Toronto and surrounding areas adds to the pool of home buyers every year. The economic and ethnic diversity found in the GTA consistently attracts newcomers and foreign investment," said Toronto Real Estate Board (TREB) President Richard Silver.
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