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 Toronto Real
Estate Board
reported 3,240
sales during the
first half of
February, within
two per cent of
last February's
pace. Activity
is accelerating
nicely as we
move towards
spring. The
first half of
February saw
nearly 80 per
cent more
transactions
than the first
half of January,
and that bodes
well for the
next few months.
The average
price of a
resale home
climbed in the
first half of
February,
registering at
$358,533, up
three per cent
from the
$348,804
recorded during
the same
timeframe last
year. Meanwhile,
days on market
rose to 35 from
34 in February
2006, and the
average
list-to-sale
price ratio
remained stable
at 98%.
Toronto's
Riverdale
neighbourhood
(E03) saw
overall
transactions
increase by 38
per cent
compared to
mid-February of
last year,
fueled by strong
sales of
townhomes.
Detached homes
were the most
popular housing
type in
Mississauga's
Cooksvile / Port
Credit
neighbourhood
(W12) as overall
sales to
mid-month beat
last year's pace
by 25 per cent.
Brisk sales of
condominiums
pushed
Willowdale (C07)
to an overall
sales increase
of 26 per cent
compared to
mid-February of
2006. North of
Toronto,
Richmond Hill
South (N03) saw
25 per cent more
transactions to
mid-February
than were
recorded in the
same timeframe
last year..." |
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 Rosedale
Real Estate Ltd., Brokerage, Broker of Toronto's Luxury
Condominiums |
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