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July saw
7,082
single-family homes change hands in the Greater Toronto Area; a strong
showing at over 7,000 sales, though slightly less active than the 7,387
sales recorded in July 2005, TREB President Dorothy Mason reported
today.
"The GTA
market is very healthy," Mrs. Mason said. "Year-to-date figures show
that 2006 remains more than one per cent ahead of 2005, with 52,682
transactions recorded so far this year, compared to last year’s 51,985
transactions."
The average
price of homes that changed hands in July was
$342,034,
up nearly five per cent over the $326,034 figure recorded last July,
while year-to-date prices at the end of the month were up more than five
per cent over the same time frame last year.
"Consumers
are still seeing excellent return on their investment, yet price
increases are very steady and controlled which is helping to maintain
affordability in the market," Mrs. Mason said.
Breaking
down the total, 2,680 sales were reported in TREB’s 28 West districts
and averaged $325,417; 1,279 sales were reported in the 14 Central
districts and averaged $428,031; 1,407 sales were reported in the 23
North districts and averaged $373,573; and 1,716 sales were reported in
TREB’s 21 East districts and averaged $278,028.
NEIGHBOURHOOD CORNER
North York
North York
(C04, C06, C07 and C12 through C15) saw 4,583 homes change hands over
the first seven months of 2006. This is a four per cent increase over
the 4,412 transactions recorded during the same period of 2005. The
year-to-date price average for the area at the end of July was $463,019,
up three per cent from last year’s average of $449,100. |
