Increased Toronto resale home transactions reported by Toronto area realtors was 7,446 sales, almost double the results from November 2008.

November 2008 was in the middle of the world financial crisis resulting in one of the worst dip for Toronto Real Estate. 

Year-to-date Toronto home resales were up 14 per cent for the first 11 months of 2008 and the average price was up 4 per cent to $394,464.

In the GTA the average home resale price was up 14 per cent year-over-year to $418,460.

One interesting indicator is that Toronto Real Estate active listings were down 49 per cent from November 2008.