With a month left on the calender, the Toronto real estate market has already broken previous existing sales records, TREB President David Pearce announced today.
“With 5,759 sales in November, the year-to-date sales total for 2001 comes to 62,850 single-family dwellings, already well ahead of the 58,957 sales recorded in 1999, our previous best year.” The President also noted good news on the pricing front. “The year-to-date average price in Toronto is $251,199. This is up 3% from the $243,255 recorded in 2000 and the first time in over ten years that the price has reached above $250,000.”
Breaking down the total, 2,119 sales were reported in TREB’s 28 West districts and averaged $234,004; 911 sales were reported in the 14 Central districts and averaged $354,355; 1,185 sales were reported in the 23 North districts and averaged $284,107; and 1,544 sales were reported in TREB’s 21 East districts and averaged $213,850.