The Toronto Real Estate Market sizzled last month, with 6,455 single-familydwellings changing hands in the best October ever recorded, TREB President Ann Bosley reported today.

“October sales were up a whopping 19% from the 2001 figure of 5,402, sales, which was our previous best-ever October. They were also up 10% from September 2002, which indicates that the residential market is powering up from its summertime level.” Prices eased slightly in October, the President went on to note. “The average came in at $279,771, down one per cent from the $282,765 recorded last month,” Mrs. Bosley said. “But that’s still up 11% from the same time last year. Homeownership remains a great investment.”

Breaking down the total, 2,437 sales were reported in TREB’s 28 West districts and averaged $255,345; 1,107 sales were reported in the 14 Central districts and averaged $373,746; 1,260 sales were reported in the 23 North districts and averaged $311,978; and 1,651 sales were reported in TREB’s 21 East districts and averaged $228,236.

Click to view Residential Market Update – October 2002