Toronto prices are back on track to historically expected rises after the big dip in early 2009 though numbers of homes sold are still down.
The average sale price of a residential property in the Toronto area in Sept. 2010 was $427,329, a roughly Five percent increase over the Sept. 2009 average of $406,877.
In total, 6,310 homes were sold throughout Toronto in Sept. 2010, down 23 per cent from the 8,196 homes sold in Sept. 2009, something Toronto Real Estate Board senior manager Jason Mercer chalks up to a balancing out of prices after the buying rush of mid-2009.
Time to Buy now for "Wait and Watch" sort of Buyers. The Market is getting stabilized and would likely pick up by December 2010 onwards.