Oct. '06 Toronto Real Estate Market Report

Despite the water cooler chat that the market is either in a downturn or heading for one, people just keep buying and selling homes in Toronto.

The numbers continue to prove the naysayers wrong...average prices in October rose 2 percent over September and the number of transactions rose 4 percent.

TREB president Dorothy Mason stated "This is a very heathy, active market." Average prices over October 2005 are up four percent with the average home in the GTA at $362,423 compared to $342,450 in 2005.

With mortgage rates nudging down with a posted 5-year fixed rate of 5.1% the market will most likely continue with strength.

Here are the highlights of some districts from the Toronto Real Estate Board's October 2006 most recent market watch:

(Each number represents the average - street parameters are in order of west, north, east, south boundaries.)

E02 -The Beach
(coxwell, danforth, victoria park)
Days on market: 19
% of list: 100%
Detached: $575,698
Semi-detached: $388,501
Condo: $269,3333

E03 - Danforth (north)
(DVP, victoria park, danforth)
Days on market: 24
% of list: 99%
Detached: $381,980
Semi-Detached: $362,474
Condo: $172,100

E01 - Danforth (south) /Riverdale
(DVP, danforth, coxwell)
Days on market: 17
% of list: 101%
Detached: $377,322
Semi-Detached: $376,352
Condo:$339,000

C04 - Bedford West & Lytton Park
(allen, 401, yonge, eglinton)
Days on market: 28
% of list: 100%
Detached: $812,296
Semi-Detached: $515,613
Condo: $247,500

C09 - Rosedale
(yonge, st.clair, bayview, bloor)
Days on market: 31
% of list: 97%
Detached: $1,630,667
Semi-Detached: $954,382
Condo: $403,045

C03 - Forest Hill
(allen, eglinton, yonge, st.clair)
Days on market: 40
% of list: 98%
Detached: $819,626
Semi-Detached: $447,214
Condo: $451,674

C12- Lawrence Park/Bedford East
(yonge, 401, leslie, eglinton)
Days on market: 33
% of list: 97%
Detached: $1,669,444
Semi-Detached: n/a
Condo: $554,450

All data is from the Torono Real Estate Board October 2006 MarketWatch - for the full report, click here.