Toronto Real Estate Updates! In July 2009, record high sales of 9967 were stated by the Greater Toronto realtors. This time the Board reported that the real estate sector was one of the leading sectors that contributed to the GDP levels and other economic growth indicators positively in the Greater Toronto Area. The analyst from the Board commented that even though the start of the year proved to be a declining phase for the real estate industry, yet by the end of it the sales would not be less than last year’s and chances were that 2009’s sales would exceed 2008’s. In September 2009, Greater Toronto realtors analyzed that the sales up to 8,196 till then for the month, were 28% higher than September 2008’s sales. The standard price of September 2008 was 10% lower than that of September 2009, which amounted to $406,877! The median price, on the other hand was $347,000 in September 2009, which was more than the $322,000 recorded during September 2008! The Toronto Real Estate Board’s President, Tom Lebour said that they had experienced
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This document was uploaded on 10/27/2011 for the course BBA MG221 at NUCES - Lahore.