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 Market Watch December 2001

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Market Watch
For Further Information: 443-8152

Real Estate Sales Bring Toronto a Happy Holiday

TORONTO -- Friday, January 4, 2002

In December, the Toronto resale market topped off a record breaking year with a record breaking performance as 4,762 homes were traded through TREB's MLS system, more than ever before seen during the usually slow holiday season.

"That's up 57% from last December's 3,026 sales, and up 15% from the 4,127 transactions recorded in December of 1996, which was the previous record,"TREB President David Pearce announced today.

"Looking at 2001 as a whole, the good news just keeps coming," Mr Pearce continued. "Total sales reached 67,612, the best yearly result ever, and Toronto-wide average prices broke $250,000 for the first time in over ten years. We fully expect the momentum to spill over into the new year."

Breaking down the total, 1,806 sales were reported in TREB's 28 West districts and averaged $232,845; 791 sales were reported in the 14 Central districts and averaged $345,681; 967 sales were reported in the 23 North districts and averaged $280,796; and 1,198 sales were reported in TREB's 21 East districts and averaged $210,026.

Neighbourhood Corner
Mississauga

The Mississauga (W-12 to W-20) resale market had another good year in 2001, with average prices climbing to $233,151, a 4% increase from the $224,897 recorded in 2000. In addition, there were 3,822 sales of single-detached homes in the area during the same time-frame, a 13% increase frrom the 3,390 recorded in 2000. The average price of these was $315,671, a 2% increase over the 2000 figure of $308,857.


Dwelling Type

Single Detached

Semi Detached

Condo T.H.

Condo Apt.

Link

Attached/Row

Co-op Apt.

Detached Condo

Sales

2,282

584

466

1,044

142

233

8

3

Median

$270,000

220,250

179,000

168,000

214,500

212,000

185,500

226,000


    Housing Market Indicators

    December 2000

    December 2001

    % Change

    Sales*

    3,026

    4,762

    (+57%)

    Sales (P.O.T.)

    691

    776

    (+12%)

    New Listings*

    3,209

    4,214

    (+31%)

    Active Listings**

    14,342

    14,179

    (-1%)

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


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