| Tuesday,
November 5, 2002. |
| Toronto Residential Real Estate Market Report for October 2002 |
| Market Maintains Torrid Pace in Record Setting October |
|
The Toronto Real Estate Market sizzled last month, with 6,455 single-familydwellings changing hands in the best October ever recorded, TREB President Ann Bosley reported today. “October sales were up a whopping 19% from the 2001 figure of 5,402, sales, which was our previous best-ever October. They were also up 10% from September 2002, which indicates that the residential market is powering up from its summertime level.” |
| Prices eased slightly in October, the President went on to note. “The average came in at $279,771, down one per cent from the $282,765 recorded last month,” Mrs. Bosley said. “But that’s still up 11% from the same time last year. Homeownership remains a great investment.” |
| Breaking down the total, 2,437 sales were reported in TREB's 28 West districts and averaged $255,345; 1,107 sales were reported in the 14 Central districts and averaged $373,746; 1,260 sales were reported in the 23 North districts and averaged $311,978; and 1,651 sales were reported in TREB's 21 East districts and averaged $228,236. |