Hopkinton Condominiums

A number of neighborhoods saw particularly high sales volumes in the first half of the month, compared to activity recorded in the first half of November 2004.

In Richmond Hill Centre, sales of detached homes experienced 86 percent more overall sales activity in the first half of the month compared to the first half of November a year ago.

The Cooksville North area of Mississauga saw 54 percent more transactions in the first half of the month than were recorded during the first half of last November.

In the Downtown/Harbourfront area of Toronto, condominiums changed hands more than any other housing type, as the area saw 32 percent more overall sales in the first half of November, compared to a year earlier.

At mid-month, the average price of a home in the Greater Toronto area was $341,514, up 7 percent from a year earlier.

"All signs are pointing to a stable, healthy market that is favorable for all types of consumers," Meehan said. "Activity is strong and steady, as are price increases. Consumers are seeing excellent return on their investment, but at the same time homes are still very accessible to first-time buyers."

The Toronto Real Estate Board serves more than 22,000 Realtors throughout the Greater Toronto area.