Tuesday, November 08, 2005

October Average TREB (Toronto Real Estate Board) Sales data is in!

2005 Moves Ahead
The market continues to hum along and 2005 will likely be a banner year.

TORONTO - Monday, November 7, 2005--With two months to go and 73,514 properties having changed hands through the TorontoMLS system, TREB President John Meehan announced today that 2005 is currently running just ahead of the 10 month total (73,202) recorded last year. “The residential resale market could exceed the record 83,501 transactions seen in 2004,” said the President. “This year may well put in Toronto’s best annual performance ever.’

There were 7,174 properties sold in the month of October alone, Mr. Meehan went on to note. This is up eight per cent over October 2004, and the second best total for the month ever recorded. Meanwhile prices rose to $342,450, a one per cent increase over September and up six per cent over the $324,215 recorded in October of 2004.

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