T REB Members reported a recordbreaking 84,145 sales during the course of 2005, TREB President John Meehan announced today.

“Last year was the best annual performance since statistics have been kept,” the President noted. “It is up one per cent over the 83,501 sales recorded during our previous record year, which was 2004.” During December alone, 4,255 sales were transacted through the TorontoMLS system, the second best showing ever for that month, and up from the 4,232 recorded during December 2004. On the pricing front, the average rose a healthy but not excessive six per cent in 2005, to $335,907 from 2004’s figure of $315,321. For December the average was $327,216, up four per cent over December 2004.

Breaking down the total, 1,661 sales were reported in TREB’s 28 West districts and averaged $304,348; 776 sales were reported in the 14 Central districts and averaged $407,473; 806 sales were reported in the 23 North districts and averaged $365,210; and 1,012 sales were reported in TREB’s 21 East districts and averaged $272,949.

Click to view Residential Market Update – December 2005