Submitted by Jasmina on Sun, 2006-10-22 23:09.

TORONTO, October 18, 2006 -- In the first half of October, Toronto Area housing activity kept pace with mid-October results from a year ago, Toronto Real Estate Board President Dorothy Mason announced today.

"There were 3,007 sales reported to mid-month, essentially on par with the 3,012 sales reported during the same period in 2005," Mrs. Mason said. "Adding to this strong result is the fact that transactions are up three per cent from the 2,913 recorded during the first part of September which is a good sign for the stability of the autumn market."

Jason Mercer, CMHC's Senior Market Analyst for the GTA, said, "Steady demand for resale homes has kept average prices rising above inflation, albeit at a lower annual rate, as buyers have benefited from increased choice in the marketplace."

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