Toronto Real Estate Musing

Toronto Real Estate sales statistics for mid-November were released yesterday by the Toronto Real Estate Board (TREB).  No real surprise here.  Across Toronto, the number of overall house sales was down 19.7% while prices were down on average 7.5%.  Most of this drop seems to have occurred during October when the financial markets went into a tailspin.

As with any statistical measure, one needs to be cautious when applying these numbers to any one specific community within the City, since many areas (like the Beach for example where I do much of my work) do not necessarily follow the overall City trends.  The Beach remains a destination market, due to great amenities and a lovely quality of life, as well as being so close to downtown while being served by 24 hr streetcars.

Click here to download the TREB press release, or read it on-line here.

George