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 Market Watch April 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

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Market Watch
For Further Information: 443-8152

Price Up In April

Toronto -- Monday, May 1, 2000 --

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

Prices continued on their slow climb in April, rising nearly 1 per cent to $247,303 from the March figure of $245,553, TREB President Marilyn Baubie reported today. The President also noted that prices were up 6 per cent from April 1999.

"One piece of very good news this month is the increase in active listings, which are up 8 per cent to 19,304 from the March figure of 17,929," Ms. Baubie said. "While this is still down (6 per cent) from 1999, we are very happy to see any rise in available inventory. This ought to help put a damper on unsustainable price increases over the course of the near future."

Finally, TREB Members reported 5,996 sales in April, down 9 per cent from the near-record 6,594 sales recorded last year, and down 2 per cent from the near-record 6,133 sales seen in March.

Breaking down the total 2,243 sales were reported in TREB's 28 West districts and averaged $224,414; 935 sales were reported in the 14 Central districts and averaged $376,761; 1,116 sales were reported in the 23 North districts and averaged $262,006; and 1,702 sales were reported in TREB's 21 East districts and averaged $196,711.

Neighbourhood Corner:
The Kingsway

April was good to The Kingsway this year (from Bloor to Dundas and Montgomery to the Humber). On a total of 9 detached home sales, the average price was $624,511, up 18 per cent from the $530,882 recorded in April of 1999. Also, there were five sales of condominium apartments in the area last month, averaging $344,000. Time-on-market for all recorded transactions was 43 days.

 

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

    3,103

    651

    583

    1,174

    202

    267

    11

    5

    Median

    $255,000

    205,000

    157,000

    150,000

    199,950

    188,000

    92,000

    166,000

     


     

    Housing Market Indicators

    April 1999

    April 2000

    % Change

    Sales*

    6,594

    5,996

    (-9%)

    Sales (P.O.T.)

    1,394

    1,167

    (-16%)

    New Listings*

    9,951

    8,872

    (-11%)

    Active Listings**

    20,599

    19,304

    (-6%)

     

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


     

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GR 05/00