Trebnet icon

 Market Watch February 2001

Back Issues

TREB Maps

CREAstat

TREB Media Room

 

 

Market Watch
For Further Information: 443-8152

Best March Sales Since '88

TORONTO -- Thursday, April 5, 2001 --

The Toronto Real Estate Board MLS system saw 6,328 sales of single-family dwellings in March, up 3% from last year and the best March total since 1988, TREB President David Pearce announced today. In addition, with 14,192 sales in the period running from January to March, 2001 turned in one of the best first quarter performances ever.

"We fully expect the market to grow even stronger in the coming months," Mr. Pearce continued. "Listing levels are up almost 20% from last year and, with more quality product coming up for sale, a lot of last year's fence-sitters are becoming this year's home-buyers."

Finally, the president noted, prices moderated last month, with the average price falling about 1% to $248,601 from February's $252,072.

Breaking down the total 2,394 sales were reported in TREB's 28 West districts and averaged $234,510; 1,021 sales were reported in the 14 Central districts and averaged $341,537; 1,184 sales were reported in the 23 North districts and averaged $265,660; and 1,729 sales were reported in TREB's 21 East districts and averaged $201,551.

Neighbourhood Corner
Brampton

In Brampton (MLS Districts W-23 & W-24), both sales and prices rose modestly over March of 2000.

Sales rose 9% to 488 from the 449 recorded last year, and prices rose about 1% to $201,203 from last year's $199,320. Of the 488 total sales, 239 were single detached homes, which sold for an average of $234,208; this was also up 1% from the $231,677 recorded last March.


Dwelling Type

Single Detached

Semi Detached

Condo T.H.

Condo Apt.

Link

Attached/Row

Co-op Apt.

Detached Condo

Sales

3,109

780

621

1,307

187

312

10

2

Median

$266,000

212,750

165,500

161,000

207,000

196,495

112,250

166,750


    Housing Market Indicators

    March 2000

    March 2001

    % Change

    Sales*

    6,133

    6,328

    (+3%)

    Sales (P.O.T.)

    1,322

    1,051

    (-20%)

    New Listings*

    10,287

    10,966

    (+7%)

    Active Listings**

    17,929

    21,311

    (+19%)

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


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

    * Market Watch is now only 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.

 

04/01