With 5,845 sales passing through TREB’s MLS system, last month was the best August showing in Toronto history, Toronto Real Estate Board President David Pearce announced today.

“Sales were up 18% over August 2000’s 4,961 figure, which was our previous best for the month,” Mr. Pearce continued. “Not only that, August marked a record-setting four month stretch during which TREB Members sold 26,313 single family-dwellings. This almost matches the entire-year sales figure for 1990 (26,779 sales). Finally, sales for the first eight months of 2001 stand at 46,668, up 14% from the same period in 2000 and on course for our best year ever.” The President went on to note that prices remained stable in zwith the average falling 1% to $247,472 from July’s $250,095, and the median fell slightly to $219,000 from July’s $220,000. Compared with last year’s August average of $230,093, however, prices were up 7%.

Breaking down the total, 2,203 sales were reported in TREB’s 28 West districts and averaged $229,078; 931 sales were reported in the 14 Central districts and averaged $323,225; 1,194 sales were reported in the 23 North districts and averaged $278,073; and 1,517 sales were reported in TREB’s 21 East districts and averaged $203,609.

Click to view Residential Market Update – August 2001