John in Toronto Real Estate News
Correction: The following statistics are for January 2008 not February. The title has been updated to reflect this correction.
Here are the latest housing stats, in the words of the Toronto Real Estate Board:
New Year Off To Good Start
A strong performance within TREB's Central districts drove the Toronto area real estate market to a healthy 5,073 sales in January, off just two per cent from last year's record performance, President Maureen O'Neill announced today. "While sales were strong, price increases remained modest, with the average rising six per cent to $374,449," said Ms. O'Neill. "There is clearly still a place for the first-time buyer in today's resale market."
Breaking down the total, 1,940 sales were reported in TREB’s 28 West districts and averaged $351,594; 945 sales were reported in the 14 Central districts and averaged $485,259; 966 sales were reported in the 23 North districts and averaged $410,289; and 1,224 sales were reported in TREB’s 21 East districts and averaged $296,838.
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John Pasalis is a sales associate at Prudential Properties Plus in Toronto and a founder of Realosophy. Email John
February 6, 2008Market |