| Tuesday
October 3, 2000. |
| Toronto Residential Real Estate Market Report for September 2000 |
| Prices Up 8 per cent in September |
|
Prices rose 8 per cent over August to $248,604, reaching their highest level since 1990, TREB President Marilyn Baubie reported today. They were also up 9 per cent from September of 1999. “After a summer lull, we’re back into a seller’s market,” the President said. |
| The surprising price increase was driven by a September-record 4,857 sales, up 1 per cent from the 4,818 recorded in September 1999. However, Ms. Baubie went on to note that sales were off slightly (2 per cent) from the August figure of 4,961. |
| Breaking down the total 1,808 sales were reported in TREB’s 28 West districts and averaged $227,574; 802 sales were reported in the 14 Central districts and averaged $363,601; 937 sales were reported in the 23 North districts and averaged $266,412; and 1,310 sales were reported in TREB’s 21 East districts and averaged $194,488. |