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Toronto Real Estate Board reports:
New Year Off To Good Start
A strong performance within TREB's Central districts drove the Toronto area real estate market to a healthy 5,073 sales in January, off just two per cent from last year's record performance, President Maureen O'Neill announced today.
"While sales were strong, price increases remained modest, with the average rising six per cent to $374,449," said Ms. O'Neill. "There is clearly still a place for the first-time buyer in today's resale market."
Breaking down the total, 1,940 sales were reported in TREB’s 28 West districts and averaged $351,594; 945 sales were reported in the 14 Central districts and averaged $485,259; 966 sales were reported in the 23 North districts and averaged $410,289; and 1,224 sales were reported in TREB’s 21 East districts and averaged $296,838.
Neighbourhood Corner
Mississauga
There were 647 sales in Mississauga this January, a decline of three per cent over the first month of 2007. The average price came in at $339,655, a one per cent increase over the same time-frame last year. Of these sales, 196 were of detached homes which averaged $516,190, up eight per cent over January 2007.
February 5, 2008 in Toronto Real Estate Update | Permalink
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Comments
This looks like a very affordable area and might be great for a second home for Americans.
Posted by: Daytona Beach Condos For Sale | Feb 11, 2008 1:19:26 PM
I know the Canadian real estate market is different from the US market, but for those of you have enjoy tracking the real estate business trends in the US, check out the latest report by industry analyst and visionary Stefan Swanepoel. The 2008 edition of his annual Swanepoel Trends Report is just out, all 170 pages of it. Its fascinating stuff and really an excellent read. You can read more about the at http://www.retrends.com
Posted by: Zarita | Feb 6, 2008 3:09:06 PM
