An in-depth RE/MAX Real Estate report of 63 districts found the following:

• 27 per cent of these Real Estate districts remained slightly off 2008 levels
• 57 per cent reported price appreciation of less than 5 per cent in 2009
• 16 per cent recorded an increase above 5 per cent
• No double-digit gains were found (No Bubble)

RE/MAX sees detached Toronto Real Estate district homes continuing in a healthy trend for 2010 continuing the same upward trajectory that was in place for the last ten years.

First-time buyers were a driving force in the Toronto Real Estate markets in early 2009 with one in every two homes sold was priced under $400,000 in the first quarter of the year. The final quarter of 2009 changed with just one in three homes sold under $400,000.

Single-detached homes continue to be a solid gauge of the Toronto Real Estate Market with sales accounting for half of the total sales in the GTA.