The Toronto Residential market put in another solid performance in October, with 6,876 homes changing hands through the TMLS system, TREB President Dorothy Mason announced today.

“This is up about four per cent over September’s 6,622 figure. And, though it has moderated slightly from October of 2005, we are still looking at an annual total of well over 80,000 homes transacted. This is a very healthy, active market.” Prices continued their upward trend in October, rising two per cent over September to $356,423. They were also up four per cent over the $342,450 recorded in October of 2005.

Breaking down the total, 2,520 sales werereported in TREB’s 28 West districts and averaged $330,585; 1,317 sales werereported in the 14 Central districts and averaged $473,336; 1,383 sales werereported in the 23 North districts and averaged $379,680; and 1,658 sales were reported in TREB’s 21 East districts and averaged $283,339.

Click to view Residential Market Update – October 2006