| Tuesday,
June 4, 2002. |
| Toronto Residential Real Estate Market Report for May 2002 |
| A Record May as Sales Break 8,000 for Second Straight Month |
|
With 8,042 sales recorded last month, the Toronto Real Estate Board had its best May ever (up 7% from May 2001), and breached the 8,000 sales level for only the second time in its 82 year history, TREB President David Pearce announced today. |
| The President also noted that prices climbed in May to $278,323, a marginal increase over last Month's $277,664, and a 9% increase over the $255,460 recorded in May 2001. |
| "The first five months of 2002 have been outstanding," the President said, "On a year-over-year basis, our total sales figure of 35,560 is up 28% from the same time in 2001, which was our best year ever for sales." |
| Breaking down the total, 3,082 sales were reported in TREB's 28 West districts and averaged $254,530; 1,254 sales were reported in the 14 Central districts and averaged $389,231; 1,686 sales were reported in the 23 North districts and averaged $299,595; and 2,020 sales were reported in TREB's 21 East districts and averaged $228,021. |