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 Market Watch Febuary 2000

News Release

Price Breakdown

Single Fam. Res

Year-to-Date Single Fam. Res.

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Single Fam. Central

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Single Fam. West

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Market Watch
For Further Information: 443-8152

Sales and Prices Up in February

TORONTO - Wednesday, March 1, 2000 --

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

In 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."

Breaking down 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.

Neighbourhood Corner:

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 $304,157.
On the basis of 7 sales,
The Annex experienced a 1% increase, as prices rose from February '99's $525,055 to $528,928.
Prices in
The Beaches climbed to $350,327, a 6% increase from the same time last year ($330,869), on 27 sales.
Finally, the
High Park/Bloor West 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.

 

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

    2,385

    540

    481

    930

    150

    228

    13

    4

    Median

    $255,000

    197,300

    163,000

    146,700

    196,250

    185,000

    145,000

    301,000

     


     

    Housing Market Indicators

    February 1999

    February 2000

    % Change

    Sales*

    4,393

    4,731

    (+8%)

    Sales (P.O.T.)

    901

    937

    (+4%)

    New Listings*

    7,665

    7,465

    (-3%)

    Active Listings**

    17,147

    14,917

    (-13%)

     

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


     

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GR 03/00