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Mississauga Real Estate January 2010

December 2009

Greater Toronto REALTORS®
reported 87,308 MLS® transactions
in 2009 - a 17 per cent increase
over 2008. This result included
5,541 sales in December. The 2009
result was in line with the healthy
levels of sales experienced between
2004 and 2006, but lower than the
record of 93,193 set in 2007.
"After a slow start to the year,
existing home sales rebounded
during the second half of 2009,"
said TREB President Tom Lebour.
"As consumer confidence improved,
many households moved to take
advantage of affordable home
ownership opportunities in the
GTA. The strong residential real
estate sector was a key contributor
to overall economic recovery in
Canada."
The average home price in 2009
climbed four per cent to $395,460.
The average price for December
transactions was $411,931.
"Market conditions became very
tight in the latter half of 2009.
Sales climbed strongly relative to
the number of homes listed for sale,
resulting in robust price growth
that more than offset average price
declines in the winter," said Jason
Mercer, TREB's Senior Manager of
Market Analysis. "A greater supply
of listings in 2010 will see home
prices grow at a sustainable pace."
Dec. 2008 Dec. 2009 %Change
Housing Market Indicators
Sales 2,577 5,541 (115%)
New Listings 5,215 5,506 (6%)
Active Listings* 19,468 10,292 (-47%)
Days on Market 45 27 (-40%)
* All figures for single-family dwellings.
Media n Price
In December, the median
price was $349,000, from the
$305,000 recorded during
December of 2008.