GTA REALTORS® REPORTING JANUARY MID-MONTH HOUSING STATISTICS

 Greater Toronto REALTORS® reported 1,749 existing home
sales on the Multiple Listing Service (MLS®) during the first two weeks of January. This result
was almost double the 888 sales reported for the same period in 2009, when sales had dipped
to a recessionary low.

“We have had a strong start to 2010,” said Toronto Real Estate Board President Tom Lebour.
“Widespread sales growth in terms of geography and housing type indicates that many
households remain confident in their ability to purchase and pay for a home over the long-term.”
The average price for transactions in the first two weeks of January was $395,307, compared to
an average of $332,495 for the same period in 2009.

“Double-digit average annual price growth will continue through the first quarter of 2010 as sales
remain high relative to listings and we continue to make comparisons to last year’s winter
downturn,” said Jason Mercer, TREB’s Senior Manager of Market Analysis.