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Welcome, Are you looking for Real Estate in Toronto, Forest Hill or any other neighbourhood in the GTA? View all LISTINGS of homes that are for sale in the Toronto area. Whether you are buying or selling Real Estate in Don Mills, Forest Hill, Bridle Path or another area of Toronto you will find what you need FIRST on Forest Hill Houses For Sale before any other website.

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Second-Best Year on Record for Sales

Greater Toronto REALTORS

Greater Toronto REALTORS® reported 4,718 transactions through the TorontoMLS® system in December of 2011. The December result capped off the second-best year on record under the current Toronto Real Estate Board (TREB) boundaries. Total sales for 2011 amounted to 89,347 – that is up four per cent compared to 2010.

“Low borrowing costs kept Buyers confident in their ability to comfortably cover their mortgage payments along with other major housing costs,” said TREB President Richard Silver. “If Buyers had not been constrained by a shortage of listings over the past 12 months, we would have been flirting with a new sales record in the Greater Toronto Area,” added Silver.

The average selling price in December was $451,436 – that's up four per cent compared to December 2010. For all of 2011, the average selling price was $465,412, an increase of eight per cent in comparison to the average of $431,276 in 2010.

“Months of inventory remained below the pre-recession norm in 2011. Very tight market conditions meant substantial competition between Buyers and strong upward pressure on selling prices,” said Jason Mercer, TREB’s Senior Manager of Market Analysis.

“TREB’s baseline forecast for 2012 is for an average price of $485,000, representing a more moderate four per cent annual rate of price growth. This baseline view is subject to a heightened degree of risk given the uncertain global economic outlook,” continued Mercer.

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