| In April, Toronto, currently 3,681 transactions were reported in the first half of April, which was down 7% compared to 3,955 during the same period last year According to Jason Mercer, TREB’s Senior Manager of Market Analysis, “The average home price in the GTA stabilized as resale market conditions tightened over the past two months”.
In South Etobicoke District W06 the average sale in March 2008 was $345,891 compared to March 2009 the average sale was $341,408 therefore the average sale price has decreased $4,483.00 which is down 1.3%
With interest rates at their lowest and with the lower priced homes currently on the market, it is a good time to get into the housing market.
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