Prices Inch Upward in September

Toronto - Thursday, September 30, 1999 --
 

The average price of a home rose 1 per cent in September, to $228,431 from the $225,976 recorded in August, and was up almost 7 percent from September '98 price of $213,917, TREB President Bill Palander announced today. "Prices have risen two months in a row now, showing continued growth in our marketplace.
The President went on to say that last month's 4,818 sales were the best numbers we've ever seen in September. "Barring unforeseen mishaps, we expect the good news to just keep coming."

Breaking down the total 1,854 sales were reported in TREB's 28 West districts and averaged $214,328; 736 sales were reported in the 14 Central districts and averaged $319,797; 927 sales were reported in the 23 North districts and averaged $244,869; and 1,301 sales were reported in TREB's 21 East districts and averaged $185,131.

Neighbourhood Corner
Cabbagetown (Don Vale)

The Cabbagetown (Don Vale) market experienced a substantial improvement in September 1999 over the same month last year. The 11 sales of freehold properties (detached, semi-detached, and row-house) was almost triple the number recorded in September '98. At $429,318, the average price of these homes was up 31%, and the average time-on-market clocked in at 25 days, half last years figure and substantially better than the city-wide average of 44 days.
 
 

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

Last Issue	Main	Next Issue