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Healthy December Sales Equals Best Year Ever!
January 7, 2008 -- A healthy 4,646 sales in December propelled 2007 sales to a record setting 93,193 sales, TREB President Maureen O'Neill announced today. "Year-end sales are up 12 per cent over last year and up 11 per cent over the 84,145 recorded during 2005, the Toronto market's previous best-ever annual performance."
On a year-over-year basis, prices rose seven per cent to $376,236 from last year's $351,941. The annual time-on-market figure stood at 32 days versus 2006's figure of 34 days, meaning that over the course of the past two years it has taken homes within the GTA barely a month to sell on average.
Breaking down the total, 1,756 sales were reported in TREB’s 28 West districts and averaged $357,711; 1,057 sales were reported in the 14 Central districts and averaged $531,366; 771 sales were reported in the 23 North districts and averaged $420,508; and 1,062 sales were reported in TREB’s 21 East districts and averaged $302,113.
See the Average Price Cycles
from January 1995 to Date - a very interesting cyclical pattern is clearly
seen!
See how the historical 1 year mortgage interest rate
compares to the 5 year rate
Breaking down the total Numbers into TREB Areas for this month
Please browse here if you wish to see all the TREB Sales stats for 2006
December 2007 Sales figures
November 2007 Sales figures
October 2007 Sales figures
September 2007 Sales figures
August 2007 Sales figures
July 2007 Sales figures
June 2007 Sales figures
May 2007 Sales figures
March 2007 Sales figures
February 2007 Sales figures
January 2007 Sales figures
See last year's sales figures
Neighbourhood Corner - Mississauga - Each month The Toronto Real Estate Board profiles a neighbourhood and for January of 2006 TREB chose Mississauga!
Mississauga (MLS districts W12 to W20) had 608 sales in January, up seven per cent over the figure recorded in January of 2005. These sales averaged $305,464, a two per cent increase over last January. Breaking down the total, there were 201 sales of detached homes, which averaged $448,889; there were 171 sales of condominium apartments, and the average for these was $193,481.
There were 569 sales in the Mississauga area during January, down 12 per cent from the figure recorded in January of 2004. The average price, however, rose seven per cent to $298,503. Breaking down the total, detached homes in Mississauga (203 sales) averaged about $418,655, while semis (121 sales) came in at $279,025.
The Mississauga area (W-12 through W-20) registered 645 sales in January, down 10 per cent from the 721 recorded during the same time-frame in 2003. However, the overall average in Mississauga came to $277,594, up seven percent over the $259,207 recorded in January of last year. Average days-on-market was 43, about the same as the Board-wide figure of 42.
In Mississauga (W-12 to W-20) the latter half of this year saw prices climb 10 per cent to $256,824 over the $233,151 recorded for the whole of 2001. Average Days-on-Market in Mississauga was 34, as compared to a city-wide average of 38 days.
Housing prices in selected areas of the GTA | ||||
| Municipality | Standard Condominium Apartment | Standard Two Storey House | Standard Townhouse | Senior Executive House |
| Brampton | 155,000 | 280,000 | 210,000 | 585,000 |
| Burlington | 181,000 | 275,000 | 181,000 | 490,000 |
| Markham | 260,000 | 358,000 | 245,000 | 465,000 |
| Mississauga | 185,000 | 290,000 | 206,500 | 490,000 |
| Oakville | 225,000 | 290,000 | 220,000 | 600,000 |
| Richmond Hill | 225,000 | 290,000 | 225,000 | 410,000 |
| Toronto - Etobicoke (Islington/Kingsway) | 210,000 | 415,000 | 232,000 | 640,000 |
| Toronto - Leaside | 250,000 | 645,000 | 350,000 | 950,000 |
| Source: Survey of Canadian House Prices, Fourth Quarter 2004 Prices as of Oct.-Dec. 2004 (CDN $) | ||||
Rental Market indicators in the GTA
This chart shows the breakdown of single family residential sales
for last month.
Housing Market Indicators |
||||
|
This month |
This month |
% Change |
|
Sales* |
8,084 |
7,329 |
(-9%) |
less sales |
New Listings* |
12,059 |
12,012 |
( -- ) |
equal listings |
Active Listings* |
20,063 |
22,368 |
(+11%) |
more listings all = softer market and prices |
* All figures above for Single-Family Dwellings.
Totals for this last month
Previous Month average prices 2005
This is a graphical representation showing the percentage of homes that sold in each price range.
Archived issues of my TREB Market Watch reports
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Mississauga MLS Real Estate Properties & MLS.CA Homes for Sale All Pages including SiteMap, Link to us, Mississauga Real Estate Blog and Guestbook maintained by A. Mark Argentino, 
mark@mississauga4sale.com Copyright © A. Mark Argentino, P.Eng., Broker, RE/MAX Realty Specialists Inc., Brokerage, Mississauga, Ontario, Canada L5M 7A1 (905) 828-3434 First created - Tuesday, July 16th, 1996 at 3:48:41 PM -
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