The Fall market is off to a good start with Members of the Toronto Real Estate Board reporting 4,298 sales of single-family dwellings in September, up four per cent from 4,123 during the same month last year, Jerry England, TREB President, announced today. Month over month, September’s results had 19 fewer sales than the 4,317 reported in August. The average price, however, rose about one per cent in September to $213,5678 from $211,785 in August. The median also rose slightly in September to $183,000 from $182,000.

“We’re continuing to see a healthy real estate market in the Toronto area,” commented Mr. England. “With a solid inventory of listings still available and today’s affordable mortgage rates, I expect this should continue through the Fall.”

TREB’s 4,298 single-family dwelling sales, which were reported throughout the Greater Toronto Area, totalled $917,914,504, and averaged $213,567. The median price was $183,000. Breaking down the total 1,625 sales were reported in TREB’s 28 West districts and averaged $201,262; 706 sales were reported in the 14 Central districts and averaged $292,235; 759 sales were reported in the 23 North districts and averaged $236,506; and 1,208 sales were reported in TREB’s 21 East districts and averaged $169,734. In addition to the sales of singlefamily dwellings, TREB Members reported 861 sales of properties of other types (P.O.T.) during September moving the total to 5,159. The dollar volume for properties of all types (P.A.T.) was $1,135,176,105, and the average price was $220,038.

Click to view Residential Market Update – September 1997