| Thursday
August 2, 2001. |
| Toronto Residential Real Estate Market Report for July 2001 |
| July is Another Record Month |
|
July 2001 was another record month, with 5807 sales passing through TREB’s MLS system, TREB President David Pearce reported today. |
| This was up a whopping 23% from the 4,729 sales recorded in July 2000, and up 6% from the previous record of 5,472 seen in July 1999. |
| “We are on course for a record year,” Mr. Pearce continued, “In the first seven months our MLS system recorded 40,823 sales. This is up 9% from the 37,303 recorded during the same time period in 1999, our previous best performance. |
| The president went on to note that the average price was up 6% from the $236,526 recorded in July 2000. |
| Breaking down the total, 2,125 sales were reported in TREB's 28 West districts and averaged $234,795; 904 sales were reported in the 14 Central districts and averaged $336,397; 1,206 sales were reported in the 23 North districts and veraged $274,255; and 1,572 sales were reported in TREB's 21 East districts and averaged $202,614. |