TREB Members reported 5,965 sales of single-family dwellings in February, TREB President Ann Bosley reported today. “While not a record for the month (the figure is down 13 per cent from February 2002’s best ever figure of 6,866 sales), this is still a very healthy result given the extreme cold and snowfall that the GTA has experienced over the past several weeks.”

Prices continued their upward march in February, with the average moving to $289,954, up almost three per cent over December’s figure of $281,292, and up seven per cent over February 2002. The median also increased, to $248,300, up two per cent from last month.

Breaking down the total, 2,316 sales were reported in TREB’s 28 West districts and averaged $267,972; 970 sales were reported in the 14 Central districts and averaged $401,663; 1,143 sales were reported in the 23 North districts and averaged $309,742; and 1,536 sales were reported in TREB’s 21 East districts and averaged $237,829.

Click to view Residential Market Update – February 2003