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 Market Watch October 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

Back Issues

TREB Maps

CREAstat

TREB Home

 

Market Watch
For Further Information: 443-8152

Prices Up in October

    Toronto - Monday, November 1, 1999 --

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

    In October, sales of single-family dwellings through the TREB MLS system declined a marginal 1 per cent, to 4,767 from the 4,818 recorded in September. Prices, on the other hand, rose slightly, up a single percentage point to $230,864 from the $228,431 recorded in the previous month.

    "We will probably see a gradual slowing in the market over the next several weeks as we approach the holiday season," TREB President Bill Palander commented. "Even so, sales are up 7 per cent from 1998, which should make this year our best ever."

    The President went on to say that the Board's total inventory of listings stood at 16,215, down 6 per cent from September's 17,280, and down 16 per cent from the 19,440 recorded in October of last year. "Historically, this figure is quite low, and indicates a shortage on the supply-side" Palander noted. "This means that the next few months will be difficult for would-be purchasers, who may find their buying options limited. It's good news for anyone thinking of selling their home, though, as it means prices will more likely be going up than down."

    Breaking down the total 1,826 sales were reported in TREB's 28 West districts and averaged $210,404; 740 sales were reported in the 14 Central districts and averaged $343,377; 846 sales were reported in the 23 North districts and averaged $249,902; and 1,355 sales were reported in TREB's 21 East districts and averaged $185,105.

    Neighbourhood Corner
    Brampton

    With 376 existing home sales in October, Brampton (W-23 & W-24) retained its status as the most active GTA sub-market. The average price of detached homes in the area rose to $218,284, an increase of 2 per cent from the $214,287 recorded in October of '98. The average price of condo townhouses also rose, to $140,944 from last year's $137,022, an increase of about 3 per cent.

     

    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

    2,364

    515

    476

    995

    169

    228

    15

    5

    Median

    $240,500

    195,000

    155,000

    136,000

    195,000

    179,999

    110,000

    169,400


    Housing Market Indicators

    October 1998

    October 1999

    % Change

    Sales*

    4,688

    4,767

    (+2%)

    Sales (P.O.T.)

    993

    1,078

    (+8%)

    New Listings*

    7,257

    6,319

    (-13%)

    Active Listings**

    19,440

    16,215

    (-16%)

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


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GR 11/99