The new year got off to a good start with 4,587 sales in January, up 10 per cent over the 4,153 figure recorded in January 2005, TREB President John Meehan announced today.

“Last month’s result was the second best January ever recorded, and an eight per cent increase over the 4,255 sales recorded in December,” Mr. Meehan said. “This certainly bodes well for the resale market going forward into the new year.” On the pricing front, the GTA-wide average came in at $332,687, up three per cent over the $323,141 recorded during the previous January. The median reached $288,200, up four per cent over the same time last year.

Breaking down the total, 1,796 sales were reported in TREB’s 28 West districts and averaged $315,108; 773 sales were reported in the 14 Central districts and averaged $424,503; 910 sales were reported in the 23 North districts and averaged $370,237; and 1,108 sales were reported in TREB’s 21 East districts and averaged $266,285. ■

Click to view Residential Market Update – January 2005