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 Market Watch August 1999

News Release

Price Breakdown

Single Fam. Res

Year-to-Date Single Fam. Res.

Single Fam. East

Single Fam. Central

Single Fam. North

Single Fam. West

Annual MLS Sales

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Market Watch
For Further Information: 443-8152

August is Fourth Consecutive Record Month

    Toronto - Tuesday, August 31, 1999 --

Button - Number of MLS Sales
Button - Number of New MLS Listings
Button - Number of Active MLS Listings

    With 4,679 homes changing hands this month, the Toronto resale home market experienced its best August in history, and extended its record streak to four consecutive months, TREB President Bill Palander commented today. "Sales are up 5 per cent from last August, and up 7 per cent from 1998 year-to-date" the President said. "It looks like 1999 will be our busiest year ever."

    The President noted that prices rose in August, jumping almost two per cent to $225,976 from July's $222,102. The median remained steady at $193,000.

    Breaking down the total 1,761 sales were reported in TREB's 28 West districts and averaged $211,069; 639 sales were reported in the 14 Central districts and averaged $322,397; 1,010 sales were reported in the 23 North districts and averaged $251,552; and 1,269 sales were reported in TREB's 21 East districts and averaged $177,756.

    Neighbourhood Corner
    Pickering

    Average Detached home prices have risen a modest 5 per cent in Pickering (E-12 & E-13) over the first eight months of this year, to $228,069 from the $218,224, recorded in January--August 1998. Townhouses have risen a similarly modest 4 per cent, to $136,169 from $130,566, over that same time period. Meanwhile, average time on market for all residential sales in Pickering was 42 days in August, a little less than the city-wide average of 46 days.

     

    Single-Family Residential Breakdown

    LegendPie Graph

     

    Dwelling Type

    Single Detached

    Semi Detached

    Condo T.H.

    Condo Apt.

    Link

    Attached/Row

    Co-op Apt.

    Detached Condo

    Sales

    2,337

    438

    542

    955

    179

    214

    8

    6

    Median

    $240,000

    187,000

    157,750

    133,500

    198,500

    178,750

    133,000

    141,000


    Housing Market Indicators

    August 1998

    August 1999

    % Change

    Sales*

    4,462

    4,679

    (+5%)

    Sales (P.O.T.)

    928

    894

    (-4%)

    New Listings*

    6,275

    6,305

    (--%)

    Active Listings**

    19,126

    17,419

    (-9%)

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


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GR 09/99