| Wednesday
September 5, 2001. |
| Toronto Residential Real Estate Market Report for August 2001 |
| August is 4th Consecutive Record Breaking Month |
|
With 5,845 sales passing through TREB's MLS system, last month was the best August showing in Toronto history, Toronto Real Estate Board President David Pearce announced today. |
| "Sales were up 18% over August 2000's 4,961 figure, which was our previous best for the month," Mr. Pearce continued. "Not only that, August marked a record-setting four month stretch during which TREB Members sold 26,313 single family-dwellings. This almost matches the entire-year sales figure for 1990 (26,779 sales). Finally, sales for the first eight months of 2001 stand at 46,668, up 14% from the same period in 2000 and on course for our best year ever." |
| The President went on to note that prices remained stable in zwith the average falling 1% to $247,472 from July's $250,095, and the median fell slightly to $219,000 from July's $220,000. |
| Compared with last year's August average of $230,093, however, prices were up 7%. |
| Breaking down the total, 2,203 sales were reported in TREB's 28 West districts and averaged $229,078; 931 sales were reported in the 14 Central districts and averaged $323,225; 1,194 sales were reported in the 23 North districts and averaged $278,073; and 1,517 sales were reported in TREB's 21 East districts and averaged $203,609. |