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« Year ends with a strong December | Main | Where have you been? »

Market Watch - 2006 Ends On a High Note

TREB Members reported 4,447 sales in December, up four per cent over the 4,255 recorded last December, and the second best total ever recorded for the month, TREB President Dorothy Mason announced today. "December's performance is indicative of the whole year, which saw total transactions break the 83,000 level (83,084) for only the third time since records have been kept," noted the President. 

Year-over-year, the average price in 2006 rose five per cent over the $335,907 recorded in 2005 to $351,941. "This means that prices continue to outpace inflation, making home-ownership a sound investment in today's economy and invariably in the long term."

Breaking down the total, 1,643 sales were reported in TREB’s 28 West districts and averaged $318,364; 779 sales were reported in the 14 Central districts and averaged $408,599; 941 sales were reported in the 23 North districts and averaged $382,065; and 1,084 sales were reported in TREB’s 21 East districts and averaged $271,463.

NEIGHBOURHOOD CORNER

City of Toronto

With 34,404 sales recorded in 2006, the City of Toronto (E-1 to E-11, W-1 to
W-10, and C-1 to C-15) saw its most active resale market, up one per cent over the 33,963 recorded in 2005, the previous best-ever performance. Meanwhile, the average price rose five per cent to $378,775.

December 2006 Market Watch Report

Posted on Monday, January 8, 2007 at 05:38PM by Registered CommenterElaine in | CommentsPost a Comment

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