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 Market Watch August 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

Best August Ever

Toronto -- Friday, September 1, 2000

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

Members of the Toronto Real Estate Board reported 4,961 sales of single-family dwellings in August, the best result for this month in the 34 years the Board has tracked the residential market, TREB President Marilyn Baubie reported today. "Sales were up 5 per cent from July, and up 6 per cent from August 1999," Ms. Baubie said.

"One reason for this surprisingly healthy performance is an easing in the inventory shortage that has developed over the past several years," the president continued, noting that active listings were up 11 per cent to 19,343 from the 17,419 recorded in August 1999. "More and better product is luring the fence sitters back into the market.

The president went on to note that affordability increased substantially in August, with the average price falling about 3 per cent to $230,093 from the $236,526 recorded in July. The median also fell, to $203,572 from the $206,000 seen last month, a decline of a little over 1 per cent.

Breaking down the total 1,799 sales were reported in TREB's 28 West districts and averaged $218,710; 792 sales were reported in the 14 Central districts and averaged $305,717; 963 sales were reported in the 23 North districts and averaged $252,694; and 1,407 sales were reported in TREB's 21 East districts and averaged $186,611.

 

Neighbourhood Corner:
Leaside

The residential market in the Leaside area (Between Laird and Bayview, Eglinton and the CN rail line) has shown a marked improvement over August, 1999, with the average price of detached homes rising 21% to $488,000. In addition, time on market fell to 21 days from last year's 28 and was under half the city-wide average of 46 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

    2,413

    469

    527

    1,139

    160

    237

    8

    8

    Median

    $246,900

    194,000

    165,000

    152,500

    210,000

    189,900

    120,000

    152,500

     


     

    Housing Market Indicators

    August 1999

    August 2000

    % Change

    Sales*

    4,679

    4,961

    (+6%)

    Sales (P.O.T.)

    894

    1,109

    (+24%)

    New Listings*

    6,305

    7,386

    (+17%)

    Active Listings**

    17,419

    19,343

    (+11%)

     

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


     

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GR 09/00