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 Market Watch November 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, Strong Sales in November

    Toronto - Wednesday, December 1, 1999 --

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

The Toronto real estate market had another great month, with 4,119 sales reported and prices hitting their highest level since 1991, TREB President Elect Marilyn Baubie said today. "With November's average price at $236,214, we have a 2 per cent increase over last month and a 10 per cent increase over the $214,465 figure recorded in November of 1998."

The President Elect went on to note that, at 14,726 active listings, the Board's inventory has plunged a whopping 18 per cent from last November's 18,047. "Fewer houses on the market means fewer choices for buyers and continued upward pressure on prices. That's good news for vendors."

Breaking down the total 1,537 sales were reported in TREB's 28 West districts and averaged $213,666; 659 sales were reported in the 14 Central districts and averaged $358,705; 748 sales were reported in the 23 North districts and averaged $258,698; and 1,175 sales were reported in TREB's 21 East districts and averaged $182,697.

Neighbourhood Corner:
Don Mills/Parkway West

Prices in this higher-end enclave have shown a gradual improvement over the past several years. During the May-November period, the average for a detached home in the area was $380,038. This is up 5 per cent from the $363,063 recorded over the same time last year. The price of condominium townhouses also increased, up 3 per cent to $158,833 from 1998's $154,383 figure.

 

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

    2,121

    426

    444

    822

    113

    184

    7

    3

    Median

    $245,000

    200,000

    154,000

    142,000

    190,000

    181,450

    135,000

    175,000


    Housing Market Indicators

    November 1998

    November 1999

    % Change

    Sales*

    3,905

    4,119

    (+5%)

    Sales (P.O.T.)

    948

    967

    (+2%)

    New Listings*

    5,263

    5,083

    (-3%)

    Active Listings**

    18,047

    14,726

    (-18%)

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


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GR 12/99