TORONTO, October 3, 2007 – The Greater Toronto Area resale housing market continued its strong, stable pace in September with 6,866 transactions taking place, Toronto Real Estate Board President Maureen O'Neill announced today.

This marks an increase of four per cent as compared to September 2006 and is within six per cent of the record set for the month in 2005.

Prices increased to an average $380,132, up five per cent over the previous month.