September 2008. The average price for these transactions was up eight per cent year-over-year

to $393,818.

"An increasing number of positive reports pointing to economic recovery coupled with low

interest rates have kept households confident in purchasing a home," said TREB President Tom

Lebour.

Year-to-date sales, at 61,676 are up three per cent compared to 59,971 in 2008. Average price,

at $386,302, is up by one per cent from $383,776.

"Tighter market conditions since May, as evidenced by rising sales relative to listings and

declining average days on the market, have resulted in stronger average price growth,"

explained Jason Mercer, TREB's Senior Manager of Market Analysis.