August 2007 Market Watch

I'm getting tired! August became the fifth record-breaking month in a row with 8,059 sales. It was 15% more active than last year and 7% higher than the all time record.

The average price is up 7% over August 2006 at $361,890. TREB President Donald Bentley stated, "While the last decade has seen five record breaking years, and a good possibility of a sixth in 2007, year-over-year price increases have remained in the single digits. This kind of activity is sustainable for a long time."

With all the buzz about the U.S. economy, I'm featuring an article this month (see above) from the Toronto Star that talks about whether it will impact the Canadian real estate market.

Neighbourhood Watch - August 2007

E02 -The Beach (coxwell, danforth, victoria park)
Detached: $572,766
Semi-detached: $460,384
Condo: $283,500

E03 - Danforth North (DVP, victoria park, danforth)
Detached: $369,307
Semi-Detached: $375,195
Condo: $164,375

E01 - Danforth South & Riverdale (DVP, danforth, coxwell)D
etached: $423,108
Semi-Detached: $374,750
Condo:$367,000

C04 - Bedford West & Lytton Park (allen, 401, yonge, eglinton)
Detached: $843,705
Semi-Detached: $509,000
Condo: $275,474

C09 - Rosedale (yonge, st.clair, bayview, bloor)
Detached: $1,564,750
Semi-Detached: $3,100,000
Condo: $349,650

C03 - Forest Hill (allen, eglinton, yonge, st.clair)
Detached: $870,043
Semi-Detached: $553,906
Condo: $450,200

C12- Lawrence Park/Bedford East (yonge, 401, leslie, eglinton)
Detached: $1,866,624
Semi-Detached: n/a
Condo: $834,800

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

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