The Toronto Real Estate Board has issued sales statistics for resale residential real estate for July, 2013. The board showed it's third-strongest July ever, and the best since 2009, according to TREB president Dianne Usher. She attributed the strong results to having been a year since tighter mortgage lending rules were introduced, and the families that had postponed their home purchases, now coming back into the market. The entire board saw a composite price gain of 3.38% to $475,900 with 8,544 sales, with volume up an incredible 16.4% from July of 2012. New listings in July were higher than sales, bringing more inventory in to a high-demand marketplace. Durham region demonstrated a year-over-year composite (for all property types) price increase of 5.43%, compared to 2.57 in the City of Toronto and 3.38% for the entire Toronto Real Estate Board. Highlights from this month include a single-family attached price gain of 8.63% in Oshawa, and an 8.88% townhouse increase in Whitby.
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