February, sales rose 8%, to 4,731 from 4,393, and prices
rose 11%, to $245,134 from $221,354, over the same month in
1999, TREB President Marilyn Baubie announced today.
"Toronto's housing hot-streak continues," the president
said. Ms. Baubie went on to note that prices were up nearly
7% over the previous month, though part of this increase was
the result of the surge in activity that generally arrives
with the onset of the spring market.
"We're seeing a
real tightness on the supply side which is starting to drive
up prices," the president said. "Total inventory is at
14,917, our lowest level for February in 10 years. This is
good news for home sellers."
the total 1,769 sales were reported in TREB's 28 West
districts and averaged $222,490; 750 sales were reported in
the 14 Central districts and averaged $375,847; 852 sales
were reported in the 23 North districts and averaged
$259,062; and 1,360 sales were reported in TREB's 21 East
districts and averaged $193,779.
Looking at the
category of free-hold properties (detached, semi-detached,
and row-house), some of the best performing Toronto
neighborhoods in February were:
On the basis of
12 sales, the average price in Riverdale was up 6% to $360,416
from last February's $339,780.
Cabbagetown saw 10 free-hold sales
and a 6% price increase, to $319,665 from last year's
On the basis of 7 sales, The
experienced a 1% increase, as prices rose from February
'99's $525,055 to $528,928.
Prices in The
climbed to $350,327, a 6% increase from the same time last
year ($330,869), on 27 sales.
Finally, the High Park/Bloor
also saw an improvement in 2000 over 1999. With 15 sales,
the average price was $295,270, up 4% from the $284,736
figure recorded last year.