The year 2009 reminded me of the childrens story of the Tortoise and the Hare.  Existing home sales started out slow at the start of the year, but rebounded in the second half of 2009 ended off with a bang in the GTA Resale Housing Market.  As consumer confidence improved many households moved to take advantage of affordable home ownership opportunities in the GTA, helping to contribute to the overall economic recovery in Canada. In 2009, there were 87,308 MLS transactions - a 17% increase over 2008!

The average home price in 2009 climbed 4% to $395,460.

2010 is already starting off with bang!  Already over 1,300 homes were sold since the beginning of the year.  The year promises to a more balanced year than previous years, as we can anticipate a greater supply of home listing start to come on the market this spring and threat of increasing interest rates will encourage buyers to purchase before they take effect. Overall 2010 looks like it is will shape out to be a great year!

Happy Prosperous New Year to Everyone!