If there is a housing bubble to burst, it’s not going to happen this month.

Agents are telling us that the market hasn’t been slowing down much, even though the holiday season is approaching.

But it’s the numbers that really tell the story.

In the first two weeks of November, Greater Toronto REALTORS reported 3,666 sales — a whopping 84 per cent jump compared to the same period in 2008 — according to a report from the Toronto Real Estate Board.

Of course, as TREB president Tom Lebour notes, in the fall of 2008 there was a "marked decline in sales and average price."

But even if you compare the current figures to the same period in 2007, when buyers were scooping up properties to avoid the land transfer tax, the 2009 stats are still better by about 120 homes.

The current report also shows average home prices of the November sales were $415,066, up 10 per cent from last year.

Year-to-date sales hit 78,233, up 11 per cent compared to 2008. Average home prices year-to-date were up three per cent to $393,180.

Jason Mercer, TREB’s senior manager of market analysis, says sales and average price in the GTA this winter will be "well above levels" from the fourth quarter of 2008 and the first quarter of 2009.

As for that housing bubble, the views are mixed as to when or if a pop is coming.