Trebnet icon

 Market Watch February 2003

Back Issues

TREB Maps

CREAstat

Media Room

 

 

Market Watch
For Further Information: 443-8152

February Deep Freeze Fails to Chill Housing Market

TORONTO -- Wednesday, March 5, 2003

TREB Members reported 5,965 sales of single-family dwellings in February, TREB President Ann Bosley reported today. "While not a record for the month (the figure is down 13 per cent from February 2002's best ever figure of 6,866 sales), this is still a very healthy result given the extreme cold and snowfall that the GTA has experienced over the past several weeks."

Prices continued their upward march in February, with the average moving to $289,954, up almost three per cent over December's figure of $281,292, and up seven per cent over February 2002. The median also increased, to $248,300, up two per cent from last month.

Breaking down the total, 2,316 sales were reported in TREB's 28 West districts and averaged $267,972; 970 sales were reported in the 14 Central districts and averaged $401,663; 1,143 sales were reported in the 23 North districts and averaged $309,742; and 1,536 sales were reported in TREB's 21 East districts and averaged $237,829.

Neighbourhood Corner
Unionville

In the Unionville area (the Western portion of N-11), sales in 2003 have been tilted heavily towards single-detached homes. The average price for these is $406,778, and the median $370,000, with the most expensive sale of the year at around $540,000. Average Time-on-Market is 17 days, much less than the city-wide average of 32 days, and average yearly taxes are $3,809.


Dwelling Type

Detached

Semi Detached

Condo T.H.

Condo Apt.

Link

Attached/Row/Twnhouse

Co-op Apt.

Detached Condo

Sales

2,898

744

559

1,195

175

352

33

9

Median

$304,000

245,000

192,000

183,650

244,500

228,000

205,000

187,900


    Housing Market Indicators

    February 2002

    February 2003

    % Change

    Sales*

    6,866

    5,965

    (-13%)

    New Listings*

    9,552

    10,631

    (+11%)

    Active Listings*

    N/A

    15,873

    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.

 

03/03