Toronto Home Sales Show Surprising Strength

Greater Toronto REALTORS® reported 1,563 sales during the first two weeks of January 2011 – an 11% decrease in comparison to the first two weeks of January 2010.

Jason Mercer, TREB’s Senior Manager of Market Analysis “Average price growth continues to be supported by a positive affordability picture. A household earning the average income can afford mortgage payments associated with the purchase of an average priced home.”

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