| Wednesday
March 5, 2003. |
| Toronto Residential Real Estate Market Report for February 2003 |
February Deep Freeze Fails to Chill Housing Market |
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TREB Members reported 5,965 sales of single-family dwellings in February, TREB President Ann Bosley reported today. “While not a record for the month (the figure is down 13 per cent from February 2002’s best ever figure of 6,866 sales), this is still a very healthy result given the extreme cold and snowfall that the GTA has experienced over the past several weeks.” |
| Prices continued their upward march in February, with the average moving to $289,954, up almost three per cent over December’s figure of $281,292, and up seven per cent over February 2002. The median also increased, to $248,300, up two per cent from last month. |
| Breaking down the total, 2,316 sales were reported in TREB's 28 West districts reported in the 14 Central districts and averaged $401,663; 1,143 sales were reported in the 23 North districts and averaged $309,742; and 1,536 sales were reported in TREB's 21 East districts and averaged $237,829. |