October 2007 was another record breaking month with sales up 15% over October 2006!
“There is every indication that 2007 will be a banner year for resale housing activity in the Greater Toronto Area,” said TREB President Maureen O’Neill. “The effects of the City of Toronto’s new land transfer tax will definitely be felt in 2008 but we are also confident that consumers will see the value of real estate as a solid long-term investment.:
Prices rose in October, with the average climbing 11% over the $356,423 recorded in October 2006. (!) An incredible return when you consider your principal home is not subject to personal taxes or capital gains when you sell.
Neighbourhood Watch – October 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 October 2007
MarketWatch – for the full report, click here.
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