In February, Toronto Real Estate Board Members reported a robust 6,171 sales, TREB President Ron Abraham announced today.

“This result is our second best February number ever, a two per cent improvement over 2004’s 6,060 figure, and down only moderately from the record of 6,866 sales set in February of 2002.” The President also noted that sales were up 48 per cent from the 4,153 sales recorded in January, a figure in line with the seasonal trend. Prices rose last month, up three per cent over to $334,272 from January’s figure of $323,141. It was also up eight per cent from the $310,196 recorded during February 2004. The median price came in at $281,000, up one per cent over January.

Breaking down the total, 2,335 sales were reported in TREB’s 28 West districts and averaged $313,254; 1,074 sales were reported in the 14 Central districts and averaged $447,007; 1,264 sales were reported in the 23 North districts and averaged $355,188; and 1,498 sales were reported in TREB’s 21 East districts and averaged $268,559.

Click to view Residential Market Update – February 2005