Toronto Real Estate Market Update

Cristina van Blommestein, Royal LePage Estate Realty. (416)606-4663

Direct : 416 606 4663 Office: 416 690 2181 Email:

 Cristina's Toronto Real Estate (Serving The Beaches, Riverdale, Kingston Road Village, East York, Cliffside Village, Toronto Central, Rosedale), Homes for sale and MLS listings

November Sales Break 6,000

December 6, 2006 -- November put in another solid performance, with 6,281 sales transacted through the TorontoMLS system, Toronto Real Estate Board (TREB) President Dorothy Mason announced today. "This 6,000 plus figure is in keeping with a generally healthy real estate market," said the President. "By the end of December, the Toronto area market will have exceeded 80,000 resales for only the third time in TREB history."

Prices remained stable in November, with the average moderating slightly to $355,727 from October's $356,423. The average was up four per cent over the November 2005 figure of $341,177.

Breaking down the total, 2,424 sales were reported in TREB’s 28 West districts and averaged $334,085; 1,223 sales were reported in the 14 Central districts and averaged $457,730; 1,152 sales were reported in the 23 North districts and averaged $391,959; and 1,482 sales were reported in TREB’s 21 East districts and averaged $278,785.