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 Market Watch June 2001

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Market Watch
For Further Information: 443-8152

7000 Plus! Best June Ever!

TORONTO -- Thursday, July 5, 2001

With 7,176 homes changing hands across the GTA, June 2001 was the best June ever for sales, and the second best monthly sales total in Toronto history, TREB President David Pearce announced today. "To get some idea of the strength of the market, more houses have sold in the past two months (14,661) than in the first six months of the 1990 recession. We're on pace for a record year."

Prices were stable in June, Mr. Pearce went on to note, with the average clocking in at $258,797, a 1% increase over May's $255,460 and a 4% increase over June 2000's $247,929 figure.

Breaking down the total, 2,721 sales were reported in TREB's 28 West districts and averaged $235,186; 1,200 sales were reported in the 14 Central districts and averaged $375,750; 1,389 sales were reported in the 23 North districts and averaged $282,673; and 1,866 sales were reported in TREB's 21 East districts and averaged $200,243.

Neighbourhood Corner
Parkdale

The Parkdale area (from Roncesvalles to Dufferin and Dundas to the Gardiner) saw modest increases between June 2001 and the same month last year. Detached homes sold for an average of $350,580 on the basis of five sales, up 5% from the $333,750 recorded in June 2000. In addition, 10 semis changed hands in the area for an average price of $257,028. This was up 13% from the $226,416 recorded last June on the basis of 5 sales. The average time-on-market was 37 days, close to the city-wide average of 42 days.


Dwelling Type

Single Detached

Semi Detached

Condo T.H.

Condo Apt.

Link

Attached/Row

Co-op Apt.

Detached Condo

Sales

3,611

816

721

1,440

233

335

18

2

 

Median

$268,000

213,140

172,600

162,000

209,000

196,000

137,75

202,4500

 


    Housing Market Indicators

    June 2000

    June 2001

    % Change

    Sales*

    5,754

    7,176

    (+25%)

    Sales (P.O.T.)

    1,211

    1,158

    (-4%)

    New Listings*

    8,473

    9,171

    (+8%)

    Active Listings**

    20,856

    20,709

    (-1%)

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


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07/01