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Record Sales in 2005
Jan 20, 2006
TREB Members reported a record-breaking 84,145 sales during the course of 2005, TREB President John Meehan announced. "Last year was the best annual performance since statistics have been kept. It is up 1% over the 83,501 sales recorded during our previous record year, which was 2004."
During December alone, 4,255 sales were transacted through the TorontoMLS system, the second best showing ever for that month, and up from the 4,232 recorded during December 2004
On the pricing front, the average rose a healthy but not excessive 6% in 2005. For December the average was $327,216, up 4% over December 2004.
CMHC predicts that in 2006 the Greater Toronto Area real estate market will continue its strong performance; it forecasts a total of 84,000 sales for 2006.
TREB President John Meehan says that even more important than the figure itself, the market's performance in 2005 illustrates an important point. "In recent years, we have shattered countless records and while we are always pleased to report that new benchmarks have been set, we are even more delighted that an increasing number of families in the Greater Toronto Area recognize that investing in a home is the most sound decision you can make." |
Second Best April!
May 26, 2005
With 8,834 sales recorded through the TorontoMLS system, April 2005 put in the second best performance for that month ever recorded, TREB President Ron Abraham announced. "April sales were up 12% over the 7,904 recorded in March," Mr. Abraham said. "Though down a little from the record pace of April 2004 (9,168 sales), the 8,834 figure still indicates a hot, hot market. In fact, had there been as many sales days this year as in April 2004, we might have set a new record."
Overall, prices resumed their upward trend in April rising to $342,032, a 3% increase over March and 6% above $321,131 recorded during April of 2004. |
Second Best March Ever!
Apr 22, 2005
With 7,904 sales recorded in March, the Toronto resale home market turned in its second best performance for the month ever, TREB President Ron Abraham announced. "The market continues to run at a near-record pace," Mr. Abraham said. "With the Easter holiday behind us, we are now entering the most active time of year for sales. Spring should result in some very strong numbers."
Prices eased in March to $330,545, down 1% from February's $334,272, but up 8% from the $307,155 recorded in March of 2004. Inventory reached its highest point this year, with 21,840 properties listed for sale on the TorontoMLS system. This figure is up 11% over the 19,749 listings available at the end of last March. |
Second Best Ever: February Up 2% Over 2004
Mar 16, 2005
In February, TREB Members reported a robust 6,171 sales, TREB President Ron Abraham announced. "This result is our second best February number ever, a 2% improvement over 2004's 6,060 figure, and down only moderately from the record of 6,866 sales set in February of 2002." The President also noted that sales were up 48 % from the 4,153 sales recorded in January, a figure in line with the seasonal trend.
Prices rose last month, up 3% over to $334,272 from January's figure of $323,141. It was also up 8% from the $310,196 recorded during February 2004. The median price came in at $281,000, up 1% over January.
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January Breaks 4,000 Sales - 2005
Feb 14, 2005
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For only the fifth time in history, Toronto sales broke the 4,000 level in January, TREB President Ron Abraham announced. "With 4,153 sales during the month, 2005 is off to a fast start," said the President. "Although it is still very early in the year, the January figure is a sign of good things to come."
Meanwhile, prices rose modestly in January, with the average climbing 2% to 323,141 over December's figure of $315,231. It was also up 9% over January of 2004. "Although it is very early in the year, these price figures do provide a clue as to how 2005 will work out," said Mr. Abraham. "Once again, we will probably experience the same moderate, sustainable, single-digit price increases that have been the norm for the past several years." |
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