AS is the norm, December was a quiet month in the Toronto Real Estate scene for new listings, with only a 5.5% increase over a year ago when the world was 'on-hold' waiting for the global economic crisis to decide which way it was going.

However the number of sales in December more than doubled, further depleting an already very tight supply of available homes for sale.

Going forward into 2010, given this summer's implementaion of the Harmonized Sales Tax (HST)  and the continuing historically low interest rates, I predict we will see an increase in activity and prices once the weather warms up and people act to avoid the HST.

The average sales prices for 2009 (year-to-date average as at the end of December), for homes in 14 central Toronto regions are:

W01   $  466,626                            E01    $  458,045
W02       474,530                            E02        539,526
                                                     E03        375,126

C01    $  378,163                           C08      $  363,657
C02        699,773                           C09          699,773
C03        734,748                           C10          660,433
C04        742,429                           C11          532,116
                                                    C12       1,315,088

If you plan to Sell &/or Buy a Home any time soon...

Call me at 416-322-8000 
-or-
Email me at  LLilley@BosleyRealEstate.com 

I'm here to help.
I provide top quality service, excellent process and market knowledge
plus strong communication and negotiating skills -
with integrity, care and a dash of humour to boot!

You Deserve No Less!