Toronto Residential Real Estate Market Report for November 2004

     October sales rose one per cent over September to 6,666, making this month the 2nd best October ever, TREB President Ron Abraham announced today. "In addition to having a strong month sales-wise, prices continued their advance in October, with the average rising one per cent to $324,215 over September's $320,911, and six per cent over the $304,844 recorded in October of 2003."

    In other highlights, Mr. Abraham noted that average Days on Market came in at 36 days, a brisk pace by historical standards, and that the average list-to-sale price ratio remained at 98 per cent, indicative of a seller's market.

    Breaking down the total, 2,564 sales were reported in TREB’s 28 West districts and averaged $298,351; 1,136 sales were reported in the 14 Central districts and averaged $441,051; 1,291 sales were reported in the 23 North districts and averaged $350,790; and 1,675 sales were reported in TREB’s 21 East districts and averaged $264,084.