19 Sep 2011

Toronto home sales up 25 percent halfway through September

With the month of September more than half over, the Toronto Real Estate Board released housing figures through the first two weeks of summer's swan song.

According to the TREB, there were approximately 3,150 home transactions through the first 14 days of September. That represents a 25 percent increase when compared to the same two-week period in September 2010.

Despite a steady stream of poor economic news, Richard Silver, president of the TREB, said the results indicate Ontarians are weathering the storm.

"Purchasing and paying for a home over the long term represents the single largest financial commitment most households will make over a lifetime," said Silver. "To make this commitment, households must be confident in their economic prospects."

He continued by saying that the sales results reveal the residents of the GTA are confident in their own finances and that of the GTA housing market as a whole.

With homeownership comes furnishing purchases. If consumers have purchased something new but want to hold on to their old belongings, a storage unit can come in handy. 

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