The summer market for Toronto real estate has been strong. The Toronto Real Estate Board reports a 27% increase of sales in August, 2009 over August, 2008. It also notes a 6% rise in average sale price - up to $387,921.

 While sales have been brisk, inventory remains a problem. There were 37% fewer active listings this August than in the same month last year. This is reflected in the average number of days a property took to sell: 30 days in August 2009, down from 36 days in August 2008.

 It is certainly a seller's market, and I believe that this trend will continue throughout the fall.

 If you are a Buyer, finding the right house over the next several months may be challenging, but the attractive interest rates currently being offered by banks make this an opportune time to buy.

 If you are thinking of selling your house, now is the time. We have been in a Sellers market since June and I expect this climate to remain unchanged throughout the fall of 2009.

 Notwithstanding all of the above, the right time to buy or sell is when you wish to make a move.

 Best wishes for success,

 Peter

 (416) 925-9191

 www.PeterRussellRealEstate.com