| Wednesday
October 3, 2001. |
| Toronto Residential Real Estate Market Report for September 2001 |
| Fifth Straight Record Breaking Month |
|
The Toronto Real Estate Board’s (TREB) September sales statistics indicate that there are no signs of an economic slowdown in the housing market, TREB President David Pearce announced today. “With a total of 5,021 sales, up 3% from the same time last year, we not only broke previous records for September, we continued a five month streak of record breaking months," said Mr. Pearce. |
| Prices fell slightly in September, down 1% to $245,530 from the August figure of $247,472, and also down 1% from the $248,604 recorded in September 2000. |
| "Right now we have the best of both worlds--a breakneck sales pace without wild price increases," the President noted. |
| Breaking down the total, 1,877 sales were reported in TREB's 28 West districts and averaged $225,826; 708 sales were reported in the 14 Central districts and averaged $336,598; 1,074 sales were reported in the 23 North districts and averaged $272,782; and 1,362 sales were reported in TREB's 21 East districts and averaged $203,859. |