Toronto Mls resales were up 84 per cent compared to mid November of 2008. The average Toronto resale price was $415,066 an increase of 10 per cent for the same period.

Year-to-date Toronto resales were up11 per cent to 78,233 homes sold compared to 2008. Average resale price was up 3 per cent to $393,180.

The Toronto Real Estate Board is reporting the average resale price in the GTA will be above levels reported in the fourth quarter of 2008 and the first quarter of 2009, something to look forward too.

The higher Toronto resale prices and sales have to be compared to other statistics rather than the much lower 2008 reporting periods that were well down in sales and average price.

It should be noted that the increased interest in Toronto Real Estate encompasses all types of homes from the Luxury Mansions to all types of Toronto Condos and Lofts.