Last month became the best November on record with 7,313 resale home transactions in the GTA.
TREB President Maureen O’Neill announced today, “…eight of the 11 months so far this year set new monthly records. No other year has shown as many record-breaking monthly performances.”
Sales were up 16 per cent in November compared to the same timeframe last year.
At $393,757, November’s average price increased 11 per cent as compared to a year ago and remained in line with the previous month. Some of the most significant activity in November took place in the 416 area code.
Based on strong sales in all housing types, Riverdale (E01) saw a 56 per cent increase in transactions compared to November 2006.
In the Islington/Kingsway (W08), sales rose 55 per cent over last November, driven primarily by an increase in detached home sales.
“These numbers reflect the fact that people who live in the Greater Toronto Area see real estate as an excellent long-term investment”, said Ms. O’Neill.
Neighbourhood Watch – November 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 November October 2007
MarketWatch – for the full report, click here.
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