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 Market Watch January 2000

News Release

Price Breakdown

Single Fam. Res

Year-to-Date Single Fam. Res.

Single Fam. East

Single Fam. Central

Single Fam. North

Single Fam. West

Annual MLS Sales

Back Issues

TREB Maps

CREAstat

TREB Media Room

 

Market Watch
For Further Information: 443-8152

Y2K Off to a Good Start

Toronto - Wednesday, February 2, 2000 --

Button - Number of MLS Sales
Button - Number of New MLS Listings
Button - Number of Active MLS Listings

In January, TREB Members reported 2,694 sales of single-family dwellings across the Greater Toronto Area, TREB President Marilyn Baubie announced today. "Sales were up 10 per cent from the 2,449 recorded last year, and the median price reached $200,000, its highest level since 1991," Ms. Baubie reported. The average price remained stable at $229,758, up 8 per cent from last January's $211,723, but down a little under 1 per cent from the $231,992 seen in December. Low inventory levels, caused by the blistering pace of sales, remained a concern, the President went on to note, with active listings at 12,965, down 14 per cent from January of 1999. "However, we expect that the modest price increases we have seen and should continue to see will coax more homeowners into the market." Breaking down the total 1,013 sales were reported in TREB's 28 West districts and averaged $212,365; 440 sales were reported in the 14 Central districts and averaged $315,558; 491 sales were reported in the 23 North districts and averaged $260,812; and 750 sales were reported in TREB's 21 East districts and averaged $182,585.

Neighbourhood Corner:
East York

East York (E-3) began the new millennium with prices up and sales at the same level as January 1999. Over all, prices of single-family dwellings rose 15 per cent, to $184,468 from last years $158,797, while sales declined slightly to 51 from 1999's figure of 52. Within the detached home category, prices rose 7 per cent to $222,578 on the basis of 27 sales. Condominium apartments also saw healthy gains, up 16 per cent to $113,529 from last year's $97,500, on the basis of 17 sales.

 

Single-Family Residential Breakdown

    LegendPie Graph

     

    Dwelling Type

    Single Detached

    Semi Detached

    Condo T.H.

    Condo Apt.

    Link

    Attached/Row

    Co-op Apt.

    Detached Condo

    Sales

    1,332

    253

    293

    595

    95

    116

    6

    4

    Median

    $248,950

    197,000

    155,000

    144,000

    184,000

    183,000

    98,750

    178,250


    Housing Market Indicators

    January 1999

    January 2000

    % Change

    Sales*

    2,449

    2,694

    (+10%)

    Sales (P.O.T.)

    559

    588

    (+5%)

    New Listings*

    5,507

    5,980

    (+8%)

    Active Listings**

    15,045

    12,965

    (-14%)

    * Single-Family Dwellings Only
    ** Properties All Types including Single-Family Dwellings.


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GR 01/00