Residential Market Update – August 2010

Greater Toronto REALTORS® reported 6,232 sales through the Multiple Listing Service® (MLS®) in August 2010. This represented a 22 per cent decrease compared to the 8,035 sales recorded during the same period in 2009. New listings decreased by one per cent yearover-year to 10,488. “The prospect of interest rate hikes and new mortgage lending rules [...]