GTA REALTORS® Report August Mid-Month Resale Market Figures

TORONTO, August 18, 2009 - In the first two weeks of August, Greater Toronto
REALTORS® reported 3,832 sales – up 27 per cent compared to the first two
weeks of August 2008. The average price for these transactions was up three per
cent year-over-year to $383,796.

"The results for the first half of August indicate that many households in the GTA
remain confident in their ability to purchase and pay for a home over the long
term," said TREB President Tom Lebour.

Year-to-date sales, at 54,303 are up slightly compared to 54,138 in 2008. Average
price, at $385,603 is down by less than one half of one per cent.

"Strong resale housing demand will contribute to broader economic recovery as
each transaction results in substantial spin-off benefits to other sectors of the
economy," explained Jason Mercer, TREB's Senior Manager of Market Analysis.