NEWS RELEASE
GTA REALTORS® Report Monthly Resale Housing Figures
TORONTO, JUNE 3, 2010 ‐ Greater Toronto REALTORS® reported 9,470 sales through the
Multiple Listing Service® (MLS®) in May, representing a one per cent dip from May 2009. In
comparison to previous years, this was the third highest May sales result on record.
"The pace of transactions slowed in May following record‐setting sales in February, March and
April,” said Toronto Real Estate Board President Tom Lebour. “Buyers who otherwise would
have been purchasing a home in May moved more quickly this year, likely to get ahead of
mortgage rate hikes.”
New listings were up 38 per cent annually to 18,940. The average price for May transactions
was $446,593 – up 13 per cent compared to the average of $395,609 recorded in May 2009.
"The gap between listings and sales has widened, which means there is more choice for
buyers," said Jason Mercer, TREB's Senior Manager of Market Analysis. “The annual rate of
price growth will slow in the second half of 2010, from the current double digit pace into the
single digits.”
CONTINUED…
Get the latest news and information from TREB
[Link]/TREB_Official [Link]/TorontoRealEstateBoard [Link]/TREBChannel
For Media/Public Inquiries:
Mary Gallagher, Manager Media Relations
Toronto Real Estate Board 1400 Don Mills Road Toronto
ON M3B 3N1
Office: (416) 443-8158
Email:maryg@[Link]
PAGE 2
Summary Of May Sales And Average Price
May
2010 2009
Sales Average Price Sales Average Price
City of Toronto ("416") 3,887 $493,265 3,777 $432,478
Rest of GTA ("905") 5,583 $414,099 5,812 $371,649
GTA 9,470 $446,593 9,589 $395,609
Source: Toronto Real Estate Board
Sales & Average Price By Home Type
May‐2010
Sales Average Price
416 905 Total 416 905 Total
Detached 1,398 3,227 4,625 690,464 489,830 550,739
Yr./Yr. % Change 3% ‐7% ‐4% 10% 13% 13%
Semi‐Detached 503 627 1,130 499,936 339,657 411,002
Yr./Yr. % Change 14% ‐4% 3% 11% 10% 12%
Townhouse 411 965 1,376 401,074 310,602 337,625
Yr./Yr. % Change 0% ‐1% ‐1% 20% 9% 13%
Condo Apartment 1,535 601 2,136 340,556 252,484 315,775
Yr./Yr. % Change 0% 9% 3% 21% 12% 18%
Source: Toronto Real Estate Board
Greater Toronto REALTORS® are passionate about their work. They adhere to a strict Code of Ethics
and share a state-of-the-art Multiple Listing Service. Serving over 30,000 Members in the Greater
Toronto Area, the Toronto Real Estate Board is Canada’s largest real estate board. Greater Toronto Area
open house listings are now available on [Link].
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Get the latest news and information from TREB
[Link]/TREB_Official [Link]/TorontoRealEstateBoard [Link]/TREBChannel
For Media/Public Inquiries:
Mary Gallagher, Manager Media Relations
Toronto Real Estate Board 1400 Don Mills Road Toronto
ON M3B 3N1
Office: (416) 443-8158
Email:maryg@[Link]