Trebnet icon

 Market Watch December 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

Prices up, Sales Near Record in Y2K

Toronto -- Friday, January 5, 2001

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

Last year, resale home prices advanced six per cent to $243,255 from the $228,372 recorded in 1999, in-coming TREB President David Pearce announced today. "In addition," the President noted, "58,343 residential sales went through the Board's MLS system last year, down a little under 1 per cent from the 1999 figure of 58,957 sales. That makes 2000 the second best year for volume ever recorded."

"I strongly believe that we will see an increase in resale homes in 2001 as a result of the fact that the construction industry is facing challenges offering finished new homes."

Breaking down the total 1,149 sales were reported in TREB's 28 West districts and averaged $214,553; 475 sales were reported in the 14 Central districts and averaged $329,364; 628 sales were reported in the 23 North districts and averaged $273,342; and 774 sales were reported in TREB's 21 East districts and averaged $191,802.

Pearce says for those entering the market, there's no better time to start searching for a home. "I would encourage first time home buyers to start looking for a home right now in order to get the spring and summer closings that many people prefer."

Neighbourhood Corner
Mississauga

Mississuaga mirrored the GTA market as a whole in 2000, with average prices for single-family-dwellings coming in at $224,897, a five per cent increase from 1999's $213,339. In addition, Mississauga recorded 3,390 sales of single-detached properties last year with an average price of $308,857; this was also up 5 per cent from the $293,176 recorded in '99.

 

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

    1,424

    337

    335

    674

    97

    150

    7

    2

    Median

    $251,250

    215,000

    168,500

    150,000

    202,000

    188,500

    132,000

    160,500

     


     

    Housing Market Indicators

    December 1999

    December 2000

    % Change

    Sales*

    3,271

    3,026

    (-7%)

    Sales (P.O.T.)

    844

    691

    (-18%)

    New Listings*

    3,259

    3,209

    (-2%)

    Active Listings**

    12,498

    14,342

    (+15%)

     

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


     

    Market Watch is also available in an Adobe Acrobat Portable Document Format (.pdf) file. A .pdf file preserves the complete formatting of the original printed document. However, in order to view and/or print .pdf files you will first need the appropriate software. If you have an Internet account visit Adobe's WWW site and download the software free of charge.

    This issue of Market Watch -- in Adobe Acrobat Reader (.pdf) format.

 

GR 01/01