| Friday
February 2, 2001. |
| Toronto Residential Real Estate Market Report for January 2001 |
| Brisk Start to 2001 |
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The new year got off to a quick start in January, with 3,103 single-family-dwellings changing hands for an average price of $235,535, TREB President David Pearce announced today. “The sales figure is up 2% from December, and up 15% from January 2000,” the president continued. “Not only that, average prices are up 2% from the same time last year. It’s too early to make predictions, but this certainly looks like good news for both Realtors and the homebuying public.” |
| The President pointed to increased inventory levels as a possible explanation behind the surprisingly vigorous market. “Listing levels are up over 15% percent from last January, and with more desirable product on the market potential homebuyers are more likely to come off the fence.” |
| Breaking down the total 1,171 sales were reported in TREB’s 28 West districts and averaged $225,593; 478 sales were reported in the 14 Central districts and averaged $303,373; 618 sales were reported in the 23 North districts and averaged $263,612; and 836 sales were reported in TREB’s 21 East districts and averaged $189,921. |