Trebnet icon

 Market Watch January 2003

Back Issues

TREB Maps

CREAstat

Media Room

 

 

Market Watch
For Further Information: 443-8152

4,403 Sales Make a Great Start to 2003

TORONTO -- Thursday, February 6, 2003

The New Year began with TREB Members recording 4,403 single-family dwelling sales through the Toronto Real Estate Board MLS system, TREB President Ann Bosley announced today. "Though down nine per cent from last January's 4,869 sales, this is still the second best start to the year the Toronto Residential Market has ever seen. In addition, we had a nice bounce-back from the holiday season; sales were up 23 per cent from December's 3,589 figure."

On the price front, the single-family average moved to $281,292 in January, up two per cent over December's figure of $275,002, and up seven per cent from the $262,919 recorded in January of 2002. "The pattern we are seeing is similar to that of the last few years," Mrs. Bosley said, "Modest price increases that should benefit potential vendors without locking the first time buyer out of the market."

Breaking down the total, 1,665 sales were reported in TREB's 28 West districts and averaged $256,094; 667 sales were reported in the 14 Central districts and averaged $398,107; 903 sales were reported in the 23 North districts and averaged $310,201; and 1,168 sales were reported in TREB's 21 East districts and averaged $228,152.

Neighbourhood Corner
The City Core

In Mississauga (W-12 to W-20) the latter half of this year saw prices climb 10 per cent to $256,824 over the $233,151 recorded for the whole of 2001. Average Days-on-Market in Mississauga was 34, as compared to a city-wide average of 38 days.


Dwelling Type

Detached

Semi Detached

Condo T.H.

Condo Apt.

Link

Attached/Row/Twnhouse

Co-op Apt.

Detached Condo

Sales

2,093

545

405

886

143

308

19

4

Median

$292,000

239,999

193,900

176,750

218,500

228,875

167,000

277,500


    Housing Market Indicators

    January 2002

    January 2003

    % Change

    Sales*

    4,869

    4,403

    (-9%)

    New Listings*

    8,369

    10,033

    (+20%)

    Active Listings*

    N/A

    13,919

    N/A

    * All figures for 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.

 

02/03