Wednesday, October 19, 2005

Current State of the Real Estate Market in Mississauga

September seemed to be a continuation of the great summer market and it appears we should be in for a strong fall market. It is difficult to predict where the prices will go, (can they go any higher?) but, if patterns over the past years are any indication, prices will escalate again this fall.
Seems the prediction above that I wrote last week came true. Now that the September sales numbers are in the record books, you can read more about the increase in sales last month in this article.
I hope that everything is going well for you and that you receive this in good health.
I wish you all the best! Mark

7,000 Plus! September Home Sales Break Record
Wednesday, October 5, 2005 -- The Toronto Real Estate market continued its record breaking ways in September, with 7,326 sales transacted through the TorontoMLS system, Board President John Meehan reported today. "This figure is up 11 per cent over last year (6,588 sales), and up eight per cent over sales in September 2003 (6,751), which was our previous best September."
The President went on to note that, with 66,480 sales year-to-date, 2005 has closed to within a single percentage point of the 2004 nine-month total (66,668). "If the fourth quarter market performs as well as the previous three months," said Mr. Meehan, "there is a strong possibility that 2005 could end up as the best year ever."
The President went on to note that prices strengthened considerably in September, with the average rising five per cent to $338,267 over the August figure of $323,255. In addition, the year-to-date average, at $335,267, is up seven per cent over 2004.

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