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It was all
good news as TREB Members reported
6,646
transactions in November, TREB President John Meehan announced today.
"The 6,646 figure is a new record for the month, up five per cent over
the previous record of 6,301 sales, recorded during November of 2004,"
Mr. Meehan said. "In addition, year-to-date sales have now reached
79,995, up almost one per cent over 2004. All signs point to another
record year with well over 80,000 sales."
The holiday
cheer extended to pricing as well, with Toronto's average down
marginally (under one per cent) to
$341,177 from October, and the median remaining
unchanged at $291,000. "Home owners should see about a seven per cent
increase in the value of their home over 2004, which is well above the
rate of inflation," noted the President. " On the other hand, these
increases are moderate enough that affordability will not be jeopardized
for either move up or first time buyers."
Breaking
down the total, 2,526 sales were reported in TREB’s 28 West districts
and averaged $318,634; 1,263 sales were reported in the 14 Central
districts and averaged $419,815; 1,284 sales were reported in the 23
North districts and averaged $378,682; and 1,573 sales were reported in
TREB’s 21 East districts and averaged $283,622.
NEIGHBOURHOOD CORNER
Orangeville
So far in
2005, the Orangeville area has seen 632 sales for an average of
$248,103. While sales are down five per cent from last year, overall
prices have increased 11 per cent over the same period in 2004. Most
sales in the area have been detached homes (424), which averaged
$282,202. Semis also made up a good part of Orangeville sales (89), and
these averaged $189,946. |
