Toronto Property Market Trend
Prices Ease in July
August, 2004
Prices declined marginally in July, falling one per cent to $312,418
from the $316,510 recorded in June. A continued high level of inventory
(22,368 active listings, unchanged from June) has contained price
pressures. This is welcome news for buyers. Prices were up eight
per cent over July of 2003.
Sales continued strong last month, with 7,329 single-family dwellings
changing hands through the TorontoMLS system, the second best result
ever recorded for a July. That's a very strong number for a summer
month, and second only to July 2003 when 8,084 sales were recorded.
In addition, year-to-date sales are up 10 per cent over the 48,622
recorded in the January-to-July period of 2003.
Breaking down the total, 2,765 sales were reported in the west
districts and averaged $296,221; 1,189 sales were reported in the
central districts and averaged $392,189; 1,488 sales were reported
in the north districts and averaged $345,998; and 1,887 sales were
reported in the east districts and averaged $259,409.
Neighbourhood Corner
North York
So far in 2004 North York has seen 4,355 sales of single-family
dwellings, up 17 per cent over last year. The 2004 average price
comes in at $397,082, up marginally from the $395,619 recorded in
the first seven months of 2003.
Housing Market Indicators
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