The Toronto Real Estate Board’s (TREB) September sales statistics indicate that there are no signs of an economic slowdown in the housing market, TREB President David Pearce announced today.
“With a total of 5,021 sales, up 3% from the same time last year, we not only broke previous records for September, we continued a five month streak of record breaking months,” said Mr. Pearce. Prices fell slightly in September, down 1% to $245,530 from the August figure of $247,472, and also down 1% from the $248,604 recorded in September 2000. “Right now we have the best of both worlds–a breakneck sales pace without wild price increases,” the President noted.
Breaking down the total, 1,877 sales were reported in TREB’s 28 West districts and averaged $225,826; 708 sales were reported in the 14 Central districts and averaged $336,598; 1,074 sales were reported in the 23 North districts and averaged $272,782; and 1,362 sales were reported in TREB’s 21 East districts and averaged $203,859.