It’s good news and more good news this month!
Average prices moved up three percent in March over 2006 to $365,285 which is ahead of inflation and good for home owners. “But not so rapidly that first-time home buyers will be pushed out of the market,” said TREB President Dorothy Mason.
“The GTA continues to have strong employment numbers and a healthy economy,” Mrs. Mason added. “Housing activity is solid and prices are steadily on the rise, so it remains an excellent time to be in the market.”
Sales activity continues to be strong, getting the spring market off to a healthy start.
Every three months, I’m creating a trend report so you can see average prices over a quarterly period.
Check out the Q1 stats for your neighbourhood below…
Neighbourhood Watch – Q1: January to March 2007
E02 -The Beach (coxwell, danforth, victoria park)
E03 – Danforth North (DVP, victoria park, danforth)
E01 – Danforth South & Riverdale (DVP, danforth, coxwell)
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 March 2007 MarketWatch – for the full report, click here.