Toronto Real Estate Market

Second Best September

September put in another excellent performance, with 6,866 single family units changing hands through the TorontoMLS system, Toronto Real Estate Board (TREB) President Maureen O’Neill announced today. “This figure was up four per cent from last year (6,622 sales), and off only six per cent from the record 7,326 sales recorded during September of 2005.” Year-to-date sales, at 73,827, were up 12 per cent over 2006. “They are also,” the President went on to note, “up 11 per cent over the first nine months of 2005, which turned out to be the best year ever recorded in the history of TREB.”

Prices rebounded in September, rising five per cent over August to $380,132. On a year-over-year basis they were up also up five per cent, to $371,848 from the $352,318 recorded during the first nine months of 2006.Breaking down the total, 2,613 sales were reported in TREB’s 28 West districts and averaged $351,328; 1,298 sales were reported in the 14 Central districts and averaged $501,419; 1,380 sales were reported in the 23 North districts and averaged $404,663; and 1,575 sales were reported in TREB’s 21 East districts and averaged $306,467

NEIGHBOURHOOD CORNER

East York

To date in 2007, there have been 1,136 sales in East York (E03), a six per cent increase over last year. Of these, 588 were detached homes which averaged $404,314, an 11 per cent increase over the $363,458 recorded during the first nine months of 2006. In addition, 252 semi-detached homes changed hands for an average of $388,595, up ten per cent over the same time last year.

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