The Toronto Real Estate Board reported the August 2009 resale figures and they continued to be positive with 8,035 resales, up almost 27 per cent from August 2008.

The average Toronto Real Estate price was $387,921, up almost 6 per cent compared to the same time frame last year.

Year to date sales were 58,421 up almost 2 per cent compared to the first 8 months last year. The average price for the same time period was $385,978 up less than one-half of one per cent. With more good economic news lately, buyers are ready to make long term investment in housing according to the Toronto Real Estate Boards latest Market Watch.

Toronto Condos in the downtown Toronto area were up almost 4.6 per cent to $357,532 in average price compared to August 2008, an increase of almost $15,864.

Several other Central Toronto Condos were up in August, showing the downtown areas like Harbourfront, City Place, Entertainment District, Yonge Street and Bay Street are all in demand by new buyers.