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Sales of
existing homes rose to
6,756
in February, a nine per cent increase over the same month last year,
TREB President John Meehan announced today. "The Toronto resale market
is accelerating nicely as we move towards Spring," the President said.
"It looks like another healthy year ahead of us."
Mr. Meehan
further noted that February's performance was the second best for the
month ever recorded and up 47 per cent from January, which is in line
with seasonal trends.
On the
pricing front, the average in February rose to
$353,928,
a six per cent increase over both February 2005 and January's figure of
$332,687. The median price told much the same story, rising six per cent
to $298,000 over $281,000 recorded during last Feburary, and up three
per cent over January 2006.
Breaking
down the total, 2,524 sales were reported in TREB’s 28 West districts
and averaged $333,969; 1,219 sales were reported in the 14 Central
districts and averaged $465,484; 1,344 sales were reported in the 23
North districts and averaged $377,795; and 1,669; sales were reported in
TREB’s 21 East districts and averaged $283,414.
NEIGHBOURHOOD CORNER
Unionville
All of the
17 sales recorded this year in Unionville (within N-11) were detached
homes (mostly two-story), and averaged $523,188, up one per cent over
the $517,633 recorded during the first two months of 2005. Prices ranged
from $320,000 to about $750,000, and average DOM was 34 days.
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