March MarketWatch - Q1 Report

It's good news and more good news this month!

Average prices moved up three percent in March over 2006 to $365,285 which is ahead of inflation and good for home owners. "But not so rapidly that first-time home buyers will be pushed out of the market," said TREB President Dorothy Mason.

"The GTA continues to have strong employment numbers and a healthy economy," Mrs. Mason added. "Housing activity is solid and prices are steadily on the rise, so it remains an excellent time to be in the market."

Sales activity continues to be strong, getting the spring market off to a healthy start.

Every three months, I'm creating a trend report so you can see average prices over a quarterly period.

Check out the Q1 stats for your neighbourhood below...


Neighbourhood Watch - Q1: January to March 2007

E02 -The Beach (coxwell, danforth, victoria park)
Detached: $570,817
Semi-detached: $414,750
Condo: $370,223

E03 - Danforth North (DVP, victoria park, danforth)
Detached: $404,628
Semi-Detached: $373,046
Condo: $159,153

E01 - Danforth South & Riverdale (DVP, danforth, coxwell)
Detached: $423,133
Semi-Detached: $383,040
Condo:$323,407

C04 - Bedford West & Lytton Park (allen, 401, yonge, eglinton)
Detached: $808,511
Semi-Detached: $604,212
Condo: $244,901

C09 - Rosedale (yonge, st.clair, bayview, bloor)
Detached: $1,102,741
Semi-Detached: $839,704
Condo: $429,847

C03 - Forest Hill (allen, eglinton, yonge, st.clair)
Detached: $938,015
Semi-Detached: $505,864
Condo: $530,938

C12- Lawrence Park/Bedford East (yonge, 401, leslie, eglinton)
Detached: $1,663,716
Semi-Detached: n/a
Condo: $438,715

Source: Toronto Real Estate Board March 2007 MarketWatch - for the full report, click here.