The Toronto Real Estate Board released the mid July 2009 statistics for the Greater Toronto Area. The number of sales to date was 4,437 in the first half of the month compared to 3,497 in mid-July of 2008. The average price for the GTA was $379,072 mid-July of last year compared to $394,750 this year.
In the Central District of Toronto, the average price was $419,754 compared to $419,199 last year. The number of sales to date was 1,703 compared to 1,369 in mid-July of 2008. The year-to-date total sales are down 4% compared to last year with the average price just down 1%.
Source: Toronto Real Estate Board
