The 6,751 sales transacted through the TorontoMLS system last month were the most ever reported in a September, TREB President, Cynthia Lai announced today.

“This figure is up an incredible 15 per cent over last year’s 5,846 sales, and September 2002 was our previous best result for the month,” the President said. “This makes four record months in a row and the best summer market ever recorded.” Ms. Lai also noted that sales were up three per cent from August.

Prices bounced back in September, to $297,398 from August’s figure of $285,366, a four per cent increase. They were also up five percent over September of 2002.

Breaking down the total, 2,567 sales were reported in TREB’s 28 West districts and averaged $275,292; 1,084 sales were reported in the 14 Central districts and averaged $395,453; 1,370 sales were reported in the 23 North districts and averaged $326,455; and 1,730 sales were reported in TREB’s 21 East districts and averaged $244,802.

Click to view Residential Market Update – September 2003