Toronto Real Estate Update 2009

August 12, 2009 -- From thunderstorms to our booming real estate market, it has been a dramatic summer in the Greater Toronto Area.In both June and July you helped set monthly records for resale housing activity in the GTA with 10,955 and 9,967 transactions respectively. The number of jobs in the GTA increased last month as well, while the unemployment rate decreased marginally. Positive numbers have also been reported with respect to the auto industry and the stock market, prompting our nation’s leaders to indicate that the worst of the economic lull is likely behind us.