I’m getting tired! August became the fifth record-breaking month in a row with 8,059 sales. It was 15% more active than last year and 7% higher than the all time record.
The average price is up 7% over August 2006 at $361,890. TREB President Donald Bentley stated, “While the last decade has seen five record breaking years, and a good possibility of a sixth in 2007, year-over-year price increases have remained in the single digits. This kind of activity is sustainable for a long time.”
With all the buzz about the U.S. economy, I’m featuring an article this month (see above) from the Toronto Star that talks about whether it will impact the Canadian real estate market.
Neighbourhood Watch – August 2007
E02 -The Beach (coxwell, danforth, victoria park)
E03 – Danforth North (DVP, victoria park, danforth)
E01 – Danforth South & Riverdale (DVP, danforth, coxwell)D
C04 – Bedford West & Lytton Park (allen, 401, yonge, eglinton)
C09 – Rosedale (yonge, st.clair, bayview, bloor)
C03 – Forest Hill (allen, eglinton, yonge, st.clair)
C12- Lawrence Park/Bedford East (yonge, 401, leslie, eglinton)
Source: Toronto Real Estate Board April 2007 MarketWatch – for the full report, click here.
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