In August, the Toronto Real Estate Board MLS system recorded 5,418 sales of Single-Family Dwellings, TREB President Ann Bosley reported today.

“Though this figure is down seven per cent from the 5,845 sales recorded in August 2001, it is still the third best August sales figure in the Board’s 82 year history.” The president went on to note that sales were also down five per cent from the revised July 2002 figure of 5,727. Bosley also reported that average prices eased in August, falling three per cent to $266,154 from the revised July figure of $274,348, but up seven per cent from the same time last year. The median price remained unchanged from July at $237,000.

Breaking down the total, 2,066 sales were reported in TREB’s 28 West districts and averaged $247,754; 834 sales were reported in the 14 Central districts and averaged $341,477; 1,088 sales were reported in the 23 North districts and averaged $300,810; and 1,430 sales were reported in TREB’s 21 East districts and averaged $222,439. Note: due to programming issues with TREB’s new MLS system, several figures from July were revised from those given in earlier reports. In addition, pages 4a and 4b are missing from this report. We hope to supply the information on these pages as soon as it becomes available. ■

Click to view Residential Market Update August 2002