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Almost 7,000 Sales in October

November 3, 2006 -- The Toronto Residential market put in another solid performance in October, with 6,876 homes changing hands through the TMLS system, TREB President Dorothy Mason announced today. "This is up about four per cent over September's 6,622 figure. And, though it has moderated slightly from October of 2005, we are still looking at an annual total of well over 80,000 homes transacted. This is a very healthy, active market."

Prices continued their upward trend in October, rising two per cent over September to $356,423. They were also up four per cent over the $342,450 recorded in October of 2005.

Breaking down the total, 2,520 sales were reported in TREB’s 28 West districts and averaged $330,585; 1,317 sales were reported in the 14 Central districts and averaged $473,336; 1,383 sales were reported in the 23 North districts and averaged $379,680; and 1,658 sales were reported in TREB’s 21 East districts and averaged $283,339.

NEIGHBOURHOOD CORNER

Agincourt

The dominant house-types within Agincourt (parts of E05 and E07) are detached and semi-detached homes. Detached homes currently average $372,049, a three per cent increase over 2005. With semis, the 2006 average is $295,800, up six per cent over the first ten months of last year.

 

Source: Toronto Real Estate Board

Toronto Real Estate Board Market Watch - October 2006

Posted on Tuesday, November 7, 2006 at 10:10AM by Registered CommenterJoanna in | CommentsPost a Comment

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