Release Mid-Month Resale Housing Figures.

Jan 16, 2013 — Greater Toronto REALTORS reported 1,469 sales through the TorontoMLS system in the first two weeks of January 2013. This result represented an increase of 2.4 percent over the 1,435 transactions reported during the same period in 2012. "The New Year started off on a positive note with residential sales slightly above last year’s levels," recounted Toronto Real Estate Board ( TREB ) President Ann Hannah. "I am cautiously optimistic about this result. It’ll be important to watch sales trends closely as we move thru Q1 to work out if some of the households who moved to the sidelines because of stricter lending suggestions are beginning to replenish their decision to purchase a home." The average selling price in the first Fourteen days of 2013 was by up by four per cent on a year-over-year basis to $459,728.
"Continuing the trend from 2012, the low-rise section of the market experienced the strongest price expansion as competition between buyers stayed quite strong," said Jason Mercer, TREB’s Senior Manager of Market Analysis. "The average selling price is expected to grow in 2013, but at a slower pace as consumers benefit from more choice."