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For Further Information: 443-8152
Sales and Prices
Both Up in Sixth Consecutive Record Breaking Month
TORONTO -- Friday, November 2, 2001
Sales broke a record for the 6th straight month, and prices rose
to just over $250,000 in October, TREB President David Pearce reported
today. "Toronto Realtors sold 5,402 single family dwellings in October,"
the President said. "That is a 8% increase from the 5,021 recorded
in September, a 15% increase from the 4,696 recorded in October 2000,
and up just a bit from the previous best October ever recorded by
the Board, which was in 1997 when we had 5,398 sales through our MLS
system."
Prices also rebounded in October, Mr. Pearce noted, up 2% to $251,479
from last month's figure of $245,530. "This kind of modest price increase
should lure potential move-up buyers into the market, but with inventory
levels, (19,150 active listings) up from last year, we don't expect
any big price run-ups over the course of the next several months."
Breaking down the total, 2,017 sales were reported in TREB's 28 West
districts and averaged $232,891; 843 sales were reported in the 14
Central districts and averaged $341,615; 1,071 sales were reported
in the 23 North districts and averaged $273,962; and 1,471 sales were
reported in TREB's 21 East districts and averaged $208,944.
Neighbourhood Corner
Whitby
With overall average prices at $210,604, Whitby (E-15) saw a 6% price
increase over October 2000. Breaking down this total:
- Detached homes, at $234,459, were up 7% from the $218,747 recorded
during the same month last year.
- Link houses were up 1% to $187,287 from last October's
$184,353.
- Condominium Townhouses were up 23% to $158,100 from October
2000's figure of $128,000.
Dwelling Type
Single Detached
Semi Detached
Condo T.H.
Condo Apt.
Link
Attached/Row
Co-op Apt.
Detached Condo
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Sales
2,675
662
503
1,100
170
274
15
3
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Median
$263,000
220,500
170,500
165,250
211,750
200,000
176,300
305,000
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Housing Market Indicators |
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October 2000
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October 2001
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% Change
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Sales*
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4,696
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5,402
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(+15%)
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Sales (P.O.T.)
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1,002
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950
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(-5%)
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New Listings*
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7,121
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8,665
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(+22%)
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Active Listings**
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18,867
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19,150
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(+1%)
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* Single-Family Dwellings Only
** Properties All Types including Single-Family Dwellings.
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11/01
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