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In September, TREB's average
price climbed to
$349,142, a three per cent increase over August,
and also up three per cent over the $338,267 recorded in September
of 2005. "Year-over-year prices currently show a five per cent
increase over last year," TREB President Dorothy Mason added. "Home
ownership as an investment continues to provide returns well above
the rate of inflation."
As
prices rose, sales continued at a more normalized pace, with
6,622
transactions of single-family dwellings sold through the TMLS
system. "While down from the 7,326 sales recorded in September of
2005, last month was still the 3rd best September performance ever
recorded," said Mrs. Mason.
"Toronto's autumn market remains solid and strong, and by year-end
our final sales numbers will exceed 80,000 transactions.
Breaking down the total, 2,552 sales were reported in TREB’s 28 West
districts and averaged $331,006; 1,166 sales were reported in the 14
Central districts and averaged $443,881; 1,312 sales were reported
in the 23 North districts and averaged $386,360; and 1,592 sales
were reported in TREB’s 21 East districts and averaged $278,154.
NEIGHBOURHOOD CORNER
East York
To the
end of September of this year, East York (E03) has seen 1,072 sales,
down five per cent from the 1,131 recorded during the first nine
months of 2005. Of this total, 529 were detached homes which sold
for an average of $363,458, up five per cent over the $345,117
recorded during the same time period last year. There were also 268
semi-detached houses sold, for an average of $351,746. This is a
seven per cent increase over the $329,546 sold between January and
September in 2005. |
