TREB Members reported 7,806 sales of single-family dwellings in July, continuing a healthy but not record setting pace into the summer. “Even though GTA sales were down 12 per cent from the best-ever July 2007 figure of 8,912, sales were up 10 per cent from July 2006 (7,082),” said TREB President Maureen O’Neill.

July 2007 saw a 26 per cent increase in sales over the 7,082 recorded in July 2006. Furthermore, the sales decrease in July 2008 from July of 2007 was distributed unevenly across the GTA. Within the City of Toronto, the 3,132 sales recorded in July 2008 is down 14 per cent from last July’s 3,640 figure but up 10 per cent from the 2,852 sales recorded in July 2006. Comparing July 2007 with July 2006, a period before the Land Transfer tax went into effect in Toronto, sales increased 28 per cent.

In the 905 suburbs sales declined 11 per cent, to 4,674 in July 2008 from 5,272 last July, but increased 10 per cent from the 4,230 sales recorded in July 2006. Sales from July 2007 increased 25 per cent over July 2006.

Overall, the GTA average price rose just over one per cent in July 2008 over July 2007 to $371,427 from $366,012, and a nine per cent increase from $342,034 recorded during July 2006.

Once again, price movements differed depending on the part of the GTA involved. Within City of Toronto boundaries, the increase was marginal (under one per cent) to $395,342 in July 2008 from $395,044 in July 2007 and up 10 per cent from the $360,409 recorded during July 2006. In the 905 municipalities surrounding the City of Toronto, however, the average price climbed almost three per cent to $355,401 in July 2008 from the July 2007 figure of $345,967 and up eight per cent from $329,644 recorded during July 2006.

Breaking down the total Numbers into TREB Areas

• 3,045 sales were reported in TREB's 28 West districts and averaged $352,956
• 1,349 sales were reported in the 14 Central districts and averaged $409,865
• 1,519 sales were reported in the 23 North districts and averaged $408,815
• 1,893 sales were reported in TREB's 21 East districts and averaged $301,658

TREB Members reported 8,600 sales in June, TREB President Maureen O’Neill announced today. “Sales were down 18 per cent from the 2007 total of 10,451, which was the best performance ever for that month,” noted the president. “Nevertheless, the 8,600 figure is the fifth best June on record, and indicative of an active, healthy market.”

Sales within the City of Toronto totaled 3,481, down 18 per cent from the 4,238 recorded in June 2007. Sales within the 905 suburbs, at 5,119, were also down 18 per cent from the 6,213 recorded during the same period last year.

On the pricing front, June’s GTA average came in at $395,866. This was up four per cent over the $381,963 recorded during June of 2007. Prices increases were roughly equivalent in both the City of Toronto and the surrounding suburbs. Within Toronto, prices averaged $433,082, up three per cent over the $421,139 recorded in June of 2007. Within the 905 suburbs, the average price came in at $370,559, up four per cent over the $355,240 recorded during the same period last year.

“With summer coming, and a 22 per cent increase in inventory to nearly 27,000 this June over last, the market is slowly shifting towards balance after several years of favouring sellers,” said the President.

Breaking down the total Numbers into TREB Areas

• 3,357 sales were reported in TREB's 28 West districts and averaged $374,043
• 1,483 sales were reported in the 14 Central districts and averaged $518,471
• 1,697 sales were reported in the 23 North districts and averaged $430,498
• 2,063 sales were reported in TREB's 21 East districts and averaged $314,755

TREB Members saw 9,411 sales of single family dwellings in May, TREB President Maureen O’Neill announced today. “While off last year’s pace, a 9,000 plus sales month is certainly indicative of a healthy market,” said the President.

Prices trended upward on a year-over-year basis, with the overall average going to $398,148, up four per cent over the May 2007 figure of $382,787.

The City of Toronto experienced a three per cent increase, to $434,271 over last May’s $422,163. The 905 suburbs averaged $374,629, up five per cent over the same time last year, when the corresponding figure was $355,341.

“Furthermore, inventory has increased 15 per cent to 27,267 listings over May of 2007. This is good news for potential homebuyers as it should keep year-over-year price increases to the low single digits.”

Sales GTA-wide declined 16 per cent from May of 2007, which saw 11,146 sales, a record month. However, this overall decline masked significant regional variations. Within the City of Toronto, sales fell 19 per cent to 3,711 from last May’s figure of 4,578. Within the 905 suburbs, on the other hand, the decline was a less pronounced 13 per cent, to 5,700 sales from last May’s figure of 6,568.

Breaking down the total Numbers into TREB Areas

• 3,626 sales were reported in TREB's 28 West districts and averaged $377,098
• 1,606 sales were reported in the 14 Central districts and averaged $528,938
• 1,938 sales were reported in the 23 North districts and averaged $430,240
• 2,241 sales were reported in TREB's 21 East districts and averaged $310,724

April statistics show that 8,762 houses sold in the Greater Toronto Area. “The market continues to experience a supply and demand situation and to-date it remains a sellers market," said TREB President Maureen O’Neill.

The GTA market was down 7 per cent from last April’s record 9,452 transactions. However, it is showing signs for a healthy 2008 compared to the diminished activity during the first quarter of 2008.

The sales pace however, did not take place evenly throughout the GTA. With 3,467 transactions in the City of Toronto, sales were down 10 per cent from a year ago. The 905 region was down five per cent from April 2007 sales, with 5,295 homes changing hands.

Prices continued to appreciate last month, to a GTA average of $398,687, up five per cent from last April's $379,025. The average price in the City of Toronto was $446,781, up six per cent from April 2007. The 905 regions average price of $367,196 increased five per cent from a year ago

“For more than a decade, real estate has served as the economy’s engine,” said Ms. O’Neill. “It’s encouraging to see that consumers are continuing to put their faith in real estate as an excellent long-term investment.”

Breaking down the total Numbers into TREB Areas

• 3,398 sales were reported in TREB's 28 West districts and averaged $372,575
• 1,531 sales were reported in the 14 Central districts and averaged $539,133
• 1,768 sales were reported in the 23 North districts and averaged $429,262
• 2,065 sales were reported in TREB's 21 East districts and averaged $311,350

Low inventory levels kept sales brisk but well off record levels, TREB President Maureen O'Neill announced today. "With 6,631 transactions recorded during March, the overall Greater Toronto Area resale market was down 22 per cent from the 8,518 sales of March 2007.

Since inventory, at 20,533 listings, fell six per cent between these two time periods, a portion of this result can be attributed to a lack of suitable product. And this lack of product was at least partially caused by the severe winter weather that kept both buyers and sellers on the fence during the first half of the month."

Sales were not evenly distributed across the Greater Toronto Area. In the City of Toronto (416 area code), they decreased 27 per cent to 2,527 from last March. However, the 905 suburbs saw only an 18 per cent decline, to 4,104 sales. Overall, average prices rose four per cent in the GTA to $380,338 over March of 2007. Within the City of Toronto proper, however, the average, at $404,361, increased only two per cent over the $394,199 recorded during the same period last year. Furthermore, City of Toronto districts bordering the 905 averaged $347,882, up less than one per cent from the same period last year.

Breaking down the total Numbers into TREB Areas

• 2,545 sales were reported in TREB's 28 West districts and averaged $360,524
• 1,114 sales were reported in the 14 Central districts and averaged $481,115
• 1,390 sales were reported in the 23 North districts and averaged $424,742
• 1,582 sales were reported in TREB's 21 East districts and averaged $302,235

While snow fell in almost record amounts, Toronto Real Estate Board Members recorded a respectable 6,015 sales during the month of February, TREB President Maureen O'Neill announced today.

"While sales were down over 2007 (11 per cent), they are in line with historical levels for the month, and they should increase substantially as the GTA eases into Spring."

Prices rose in February, with the average climbing to $382,048, up four per cent from the $367,687 recorded in February of last year. Days-on-Market stood at 30 days, and the list-to-sale price ratio was 99 per cent.

Activity within the City of Toronto generally matched that of the broader GTA. Sales moderated 14 per cent in the city to 2,310 from last year's figure of 2,697. Prices rose two per cent to $424,235.

Breaking down the total Numbers into TREB Areas

• 2,358 sales were reported in TREB's 28 West districts and averaged $357,884
• 1,017 sales were reported in the 14 Central districts and averaged $522,480
• 1,185 sales were reported in the 23 North districts and averaged $409,155
• 1,455 sales were reported in TREB's 21 East districts and averaged $300,975

A strong performance within TREB's Central districts drove the Toronto area real estate market to a healthy 5,073 sales in January, off just two per cent from last year's record performance, President Maureen O'Neill announced today.
"While sales were strong, price increases remained modest, with the average rising six per cent to $374,449," said Ms. O'Neill. "There is clearly still a place for the first-time buyer in today's resale market."

Breaking down the total Numbers into TREB Areas

• 1,940 sales were reported in TREB's 28 West districts and averaged $351,594
• 945 sales were reported in the 14 Central districts and averaged $485,259
• 966 sales were reported in the 23 North districts and averaged $410,289
• 1,224 sales were reported in TREB's 21 East districts and averaged $296,838

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 Numbers into TREB Areas

• 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
• 1,062 sales were reported in TREB's 21 East districts and averaged $302,113

A record-breaking November saw 7,313 sales, driving year-to-date totals to 88,695 sales, TREB President Maureen O'Neill announced today. "We have already exceeded the 84,145 sales recorded during 2005, which was our previous record," said the President. "By the end of December we will have crossed the 90,000 sales mark for the very first time. As 2007 winds down, the GTA resale home market is looking as healthy as it has ever been."

Prices were almost unchanged in November, with the average at $393,747, down marginally from the $394,646 recorded in the previous month. It was up 11 per cent over the $355,727 recorded during November 2006. Meanwhile, days-on-market came in at 32, and the list-to-sale price ratio was 98 per cent.

Breaking down the total Numbers into TREB Areas

• 2,725 sales were reported in TREB's 28 West districts and averaged $362,272
• 1,529 sales were reported in the 14 Central districts and averaged $519,841
• 1,354 sales were reported in the 23 North districts and averaged $417,967
• 1,705 sales were reported in TREB's 21 East districts and averaged $311,738

TREB Members recorded 7,915 transactions of single-family homes in October, an all time record for the month, TREB President Maureen O'Neill announced today. "Sales were up 15 per cent over the 6,876 figure recorded in October of 2006, and up about 10 per cent over the 7,227 transactions that took place in October 2003, which was our previous record."

"There is every indication that 2007 will be a banner year for resale housing activity in the Greater Toronto Area," said Ms. O'Neill. "The effects of the City of Toronto's new land transfer tax will definitely be felt in 2008 but we are also confident that consumers will continue to see the value of real estate as a solid long-term investment."

Prices rose in October, with the average climbing four per cent to $394,646 over September's $380,132, and up 11 per cent over the $356,423 recorded in October of 2006.

Breaking down the total Numbers into TREB Areas

• 2,964 sales were reported in TREB's 28 West districts and averaged $367,139
• 1,602 sales were reported in the 14 Central districts and averaged $522,800
• 1,555 sales were reported in the 23 North districts and averaged $415,071
• 1,794 sales were reported in TREB's 21 East districts and averaged $307,950

September put in another excellent performance, with 6,866 single family units changing hands through the TorontoMLS system, Toronto Real Estate Board (TREB) President Maureen O’Neill announced today. “This figure was up four per cent from last year (6,622 sales), and off only six per cent from the record 7,326 sales recorded during September of 2005.” Year-to-date sales, at 73,827, were up 12 per cent over 2006. “They are also,” the President went on to note, “up 11 per cent over the first nine months of 2005, which turned out to be the best year ever recorded in the history of TREB.”

Prices rebounded in September, rising five per cent over August to $380,132. On a year-over-year basis they were up also up five per cent, to $371,848 from the $352,318 recorded during the first nine months of 2006.

Breaking down the total Numbers into TREB Areas

• 2,613 sales were reported in TREB's 28 West districts and averaged $351,328
• 1,298 sales were reported in the 14 Central districts and averaged $501,419
• 1,380 sales were reported in the 23 North districts and averaged $404,663
• 1,575 sales were reported in TREB's 21 East districts and averaged $306,467

August 2007 became the fifth record-setting month in a row, with 8,059 sales reported by TREB Members throughout the Greater Toronto Area, TREB President Donald Bentley announced today. "This figure is up 15 per cent over August of last year, and up seven per cent over the 7,498 sales recorded during the same month in 2005, which was the previous "best ever" performance for the month of August," said the President. "Summer of 2007 has been hands-down the most active holiday season for the resale market in the history of the Toronto Real Estate Board."

While sales roared ahead, prices remained affordable in August, with a recorded average of $361,890. This figure is up seven per cent over the $338,192 recorded during August of 2006. "While the last decade has seen five record breaking years, and a good possibility of a sixth in 2007, year-over-year prices increases have remained in the single digits. This kind of activity is sustainable for a long time."

Breaking down the total Numbers into TREB Areas

• 3,057sales were reported in TREB's 28 West districts and averaged $343,493
• 1,444 sales were reported in the 14 Central districts and averaged $453,718
• 1,653 sales were reported in the 23 North districts and averaged $403,539
• 1,905 sales were reported in TREB's 21 East districts and averaged $285,665

TREB members reported 8,912 total sales in July, 26 percent ahead of the 7,082 sales recorded in July of 2006, and an all time record for the month.

Furthermore, July makes the fourth month in a row that sales have broken monthly records. "The local resale market is as healthy as it has ever been," said TREB President Donald Bentley. "Not only are we running 13 per cent ahead of last year's January - July total of 52,682, we are running 14 per cent ahead of the seven month total for 2005, which became our best year ever."

While sales have set a blistering pace, prices eased in July, down four per cent to $366,012 from June's average of $381,963. "This decline is seasonal in nature," said the President. "Prices tend to ease in July/August as potential home-buyers and sellers go on holiday." He went on to note that the year-to-date average, at $372,326, was up five per cent over the same time-frame in 2006.

Breaking down the total Numbers into TREB Areas

• 3,424 sales were reported in TREB's 28 West districts and averaged $347,978
• 1,590 sales were reported in the 14 Central districts and averaged $470,464
• 1,797 sales were reported in the 23 North districts and averaged $392,360
• 2,101 sales were reported in TREB's 21 East districts and averaged $293,819

Last month the Toronto Real Estate Market recorded 10,451 sales for the best June performance ever, Toronto Real Estate Board President Donald Bentley announced today. "June's figure was up almost 20 per cent over the 8,730 sales recorded during the same month in 2006, and down only slightly (six per cent) from May's best-ever figure of 11,146 sales. To get some idea of the current strength of the market: there have been more sales in the last two months (21,597) than occurred in all of 1977 (20,512), thirty years ago this year."

While the sales pace remained brisk, average prices declined marginally (less than one per cent) from May to $383,963. The year-to-date average was $373,719, up five per cent over the first six months of 2006 ($356,977).

"Price increases remain only modest," noted the President. "Inventory, at 21,789, is robust enough to keep a lid on upward inflation. The current market is still accessible to first-time buyers, and should continue in this mode for the foreseeable future."

Breaking down the total Numbers into TREB Areas

• 3,936 sales were reported in TREB's 28 West districts and averaged $351,513
• 1,819 sales were reported in the 14 Central districts and averaged $513,491
• 2,248 sales were reported in the 23 North districts and averaged $406,565
• 2,448 sales were reported in TREB's 21 East districts and averaged $302,558

With an astonishing 11,146 sales in May, the Toronto Real Estate market put in its best performance since records have been kept, President Dorothy Mason announced today. "The Toronto Real Estate Board has been tracking the local housing market for over forty years, and there has never been a month that even approaches this level of activity," Ms. Mason stated. "May was up 18 per cent over April, our previous record month (9,452 sales), and also up 18 per cent over May of 2006 (9,434 sales), which now ranks as the third highest sales total recorded."

Ms. Mason further noted that, according to statistics compiled by the Canadian Real Estate Association, every home sale generates about $27,000 in economic activity (for renovations, furniture purchases, and so forth) over and above direct expenditures involved in the transaction. "This means that Realtors? and their clients have contributed over $300 million to the local economy in ancillary costs last month alone."

However, while sales sky-rocketed, price increases were restrained, with the average rising a mere five per cent to $382,787 from the $365,537 recorded during May of 2006.

Breaking down the total Numbers into TREB Areas

• 4,175 sales were reported in TREB's 28 West districts and averaged $356,836
• 2,038 sales were reported in the 14 Central districts and averaged $506,172
• 2,323 sales were reported in the 23 North districts and averaged $408,391
• 2,610 sales were reported in TREB's 21 East districts and averaged $305,168

With 581 sales reported on April 30, the highest single day total ever documented, April's total transactions reached an astounding 9,452, the best single-month total ever recorded, TREB President Dorothy Mason announced today. "The Greater Toronto Area's resale housing market has showed sustained strength and these phenomenal numbers bode well for the remainder of this year's spring market."

Average prices climbed three per cent in April, to $379,025 from last April's $366,683. "Despite the torrid sales pace," Ms. Mason said.

"Overall price increases are holding at marginally above the inflation rate, which means that potential first-time buyers are not being pushed out of the market."

Breaking down the total Numbers into TREB Areas

• 3,591 sales were reported in TREB's 28 West districts and averaged $351,415
• 1,696 sales were reported in the 14 Central districts and averaged $517,418
• 1,898 sales were reported in the 23 North districts and averaged $401,355
• 2,267 sales were reported in TREB's 21 East districts and averaged $300 ,530

Prices increased moderately in March, with the average up three per cent over 2006 to $365,285. "Prices are rising above the rate of inflation (currently about two per cent), but not so rapidly that first-time buyers will be pushed out of the market," said TREB President Dorothy Mason.

During last month TREB Members reported 8,518 sales of single-family dwellings across the GTA. "While down modestly (two per cent) over last year's total of 8,707, any result over 8,000 must be considered a strong performance," noted the President, "We expect a similarly robust showing from the remainder of the spring market."

Breaking down the total Numbers into TREB Areas

• 3,233 sales were reported in TREB's 28 West districts and averaged $343,475
• 1,521 sales were reported in the 14 Central districts and averaged $471,804
• 1,706 sales were reported in the 23 North districts and averaged $400,392
• 2,058 sales were reported in TREB's 21 East districts and averaged $291 ,721

TREB Members reported 6,772 sales in February, an increase over February 2006 (6,756 sales) and the second best total for this month ever recorded, TREB President Dorothy Mason announced today. "While the weather last month may have been cold, Toronto's resale housing market remained hot," noted Ms. Mason. "And while it is too early to make predictions, it is clear from the start of 2007 that the spring season is likely to produce sales numbers at east comparable to those of the past several years, which have been record or near-record performances."

Meanwhile, average prices climbed four per cent over the previous month to $368,687 as sales activity accelerated. They were also up four per cent from the February 2006 figure of $353,928. The average time-on-market was a torrid 35 days.

Breaking down the total Numbers into TREB Areas

• 2,522 sales were reported in TREB's 28 West districts and averaged $342,060
• 1,224 sales were reported in the 14 Central districts and averaged $504,381
• 1,395 sales were reported in the 23 North districts and averaged $389,306
• 1,631 sales were reported in TREB's 21 East districts and averaged $290,392

The new year got off to a fast start, with 5,173 sales of existing homes in January, TREB President Dorothy Mason announced today. "This figure is up 13 per cent over last January, and up six per cent over the 4,869 sales recorded in January of 2002, which was the previous record for the month."

Meanwhile, average prices climbed in January to $353,724, up five per cent over December and up six per cent over the $332,687 recorded in January 2006. "While one shouldn't read too much into a single month's result," the President said. "January's record breaking performance is an encouraging sign for the year ahead."

Breaking down the total Numbers into TREB Areas

• 1,975 sales were reported in TREB's 28 West districts and averaged $335,116
• 878 sales were reported in the 14 Central districts and averaged $462,211
• 1,082 sales were reported in the 23 North districts and averaged $383,806
• 1,238 sales were reported in TREB's 21 East districts and averaged $280,178

TREB Members reported 4,447 sales in December, up four per cent over the 4,255 recorded last December, and the second best total ever recorded for the month, TREB President Dorothy Mason announced today. "December's performance is indicative of the whole year, which saw total transactions break the 83,000 level (83,084) for only the third time since records have been kept," noted the President.

Year-over-year, the average price in 2006 rose five per cent over the $335,907 recorded in 2005 to $351,941. "This means that prices continue to outpace inflation, making home-ownership a sound investment in today's economy and invariably in the long term."

Breaking down the total Numbers into TREB Areas

• 1,643 sales were reported in TREB's 28 West districts and averaged $318,364
• 779 sales were reported in the 14 Central districts and averaged $408,599
• 941 sales were reported in the 23 North districts and averaged $382,065
• 1,084 sales were reported in TREB's 21 East districts and averaged $271,463

November put in another solid performance, with 6,281 sales transacted through the TorontoMLS system, Toronto Real Estate Board (TREB) President Dorothy Mason announced today. "This 6,000 plus figure is in keeping with a generally healthy real estate market," said the President. "By the end of December, the Toronto area market will have exceeded 80,000 resales for only the third time in TREB history."

Prices remained stable in November, with the average moderating slightly to $355,727 from October's $356,423. The average was up four per cent over the November 2005 figure of $341,177.

Breaking down the total Numbers into TREB Areas

• 2,424 sales were reported in TREB's 28 West districts and averaged $334,085
• 1,223 sales were reported in the 14 Central districts and averaged $457,730
• 1,152 sales were reported in the 23 North districts and averaged $391,959
• 1,482 sales were reported in TREB's 21 East districts and averaged $278,785

The Toronto Residential market put in another solid performance in October, with 6,876 homes changing hands through the TMLS system, TREB President Dorothy Mason announced today. "This is up about four per cent over September's 6,622 figure. And, though it has moderated slightly from October of 2005, we are still looking at an annual total of well over 80,000 homes transacted. This is a very healthy, active market."

Prices continued their upward trend in October, rising two per cent over September to $356,423. They were also up four per cent over the $342,450 recorded in October of 2005.

Breaking down the total Numbers into TREB Areas

• 2,520 sales were reported in TREB's 28 West districts and averaged $330,585
• 1,317 sales were reported in the 14 Central districts and averaged $473,336
• 1,383 sales were reported in the 23 North districts and averaged $379,680
• 1,658 sales were reported in TREB's 21 East districts and averaged $283,339

In September, TREB's average price climbed to $349,142, a three per cent increase over August, and also up three per cent over the $338,267 recorded in September of 2005. "Year-over-year prices currently show a five per cent increase over last year," TREB President Dorothy Mason added. "Home ownership as an investment continues to provide returns well above the rate of inflation."

As prices rose, sales continued at a more normalized pace, with 6,622 transactions of single-family dwellings sold through the TMLS system. "While down from the 7,326 sales recorded in September of 2005, last month was still the 3rd best September performance ever recorded," said Mrs. Mason. "Toronto's autumn market remains solid and strong, and by year-end our final sales numbers will exceed 80,000 transactions.

Breaking down the total Numbers into TREB Areas

• 2,552 sales were reported in TREB's 28 West districts and averaged $331,006
• 1,166 sales were reported in the 14 Central districts and averaged $443,881
• 1,312 sales were reported in the 23 North districts and averaged $386,360
• 1,592 sales were reported in TREB's 21 East districts and averaged $278,154

TREB President Dorothy Mason announced today that the Toronto resale homemarket continued its run of healthy showings in August, with 6,976 homes changing hands through the TorontoMLS system.

"Last month was the second best August ever recorded, off moderately from the record 7,498 figure achieved in 2005. In addition, the year as a whole has seen 59,488 single-family dwelling sales, up marginally from 2005's January to August performance. As people return from their summer holidays, we are looking forward to an even more active autumn market."

Prices remain stable in August, with the Average coming in at $338,192, less than one per cent lower than the July figure of $342,034. This figure is up five per cent over the $323,255 recorded during August of 2005.

Breaking down the total Numbers into TREB Areas

• 2,627 sales were reported in TREB's 28 West districts and averaged $321,415
• 1,181 sales were reported in the 14 Central districts and averaged $401,244
• 1,493 sales were reported in the 23 North districts and averaged $388,674
• 1,675 sales were reported in TREB's 21 East districts and averaged $275,050

July saw 7,082 single-family homes change hands in the Greater Toronto Area; a strong showing at over 7,000 sales, though slightly less active than the 7,387 sales recorded in July 2005, TREB President Dorothy Mason reported today.

"The GTA market is very healthy,” Mrs. Mason said. “Year-to-date figures show that 2006 remains more than one per cent ahead of 2005, with 52,682 transactions recorded so far this year, compared to last year’s 51,985 transactions.”

The average price of homes that changed hands in July was $342,034, up nearly five per cent over the $326,034 figure recorded last July, while year-to-date prices at the end of the month were up more than five per cent over the same time frame last year. “Consumers are still seeing excellent return on their investment, yet price increases are very steady and controlled which is helping to maintain affordability in the market,” Mrs. Mason said.

Breaking down the total Numbers into TREB Areas

• 2,680 sales were reported in TREB's 28 West districts and averaged $325,417
• 1,279 sales were reported in the 14 Central districts and averaged $428,031
• 1,407 sales were reported in the 23 North districts and averaged $373,573
• 1,716 sales were reported in TREB's 21 East districts and averaged $278,028

The summer of 2006 got off to a booming start, with 8,730 resale home sales in the month of June, incoming TREB President Dorothy Mason announced today.

"This marks the fourth month in a row that sales have topped the 8,000 mark, giving us a year-to-date total of 45,797 sales," Mrs. Mason stated. "That figure is up two per cent over 2005, which turned out to be the best year ever recorded."

The average price came in at $358,035 in June, up four per cent over the $345,065 recorded in June of last year. "Prices remain affordable," Mrs. Mason said, "yet homeownership remains an excellent investment, with an annual return that exceeds inflation."

Average time-on-market remained at 32 days, and inventory fell a little (three per cent) from May to 25,393. "There is still plenty of product out there on the market," Mrs. Mason noted. "And that should keep a cap on price increases."

Breaking down the total Numbers into TREB Areas

• 3,245 sales were reported in TREB's 28 West districts and averaged $339,469
• 1,579 sales were reported in the 14 Central districts and averaged $463,581
• 1,762 sales were reported in the 23 North districts and averaged $385,084
• 2,144 sales were reported in TREB's 21 East districts and averaged $286,174

With 9,434 sales recorded last month, May 2006 has proven to be the best month ever recorded in the 86 year history of the Toronto Real Estate Board, TREB President John Meehan announced today. "The May figure is up over two per cent from May 2005, when 9,209 sales were recorded, and up almost two per cent over the previous best ever month, June 2004, when 9,275 sales were recorded. The Toronto re-sale market is as healthy as it has ever been."

The president noted that the average price came in at $365,537 last month, compared to April's $366,683. "The key is that 17,685 new listings came onto the system in May, which pushed total inventory levels to 26,220 active listings at month-end. Both figures are up considerably over their year ago levels (seven and five per cent, respectively), and this is keeping price inflation to a reasonable level."

Breaking down the total Numbers into TREB Areas

• 3,504 sales were reported in TREB's 28 West districts and averaged $340,841
• 1,739 sales were reported in the 14 Central districts and averaged $483,682
• 1,898 sales were reported in the 23 North districts and averaged $390,999
• 2,293 sales were reported in TREB's 21 East districts and averaged $292,600

Toronto Real Estate Board Members reported a solid 8,361 sales in April, TREB President John Meehan reported today. "April's result was the third best performance ever recorded for the month, and year-to-date sales, at 28,020, are up five per cent over January-to-April of 2005."

Meanwhile, prices trended upward in April, with the average rising four per cent over March to $366,683. It was also up seven per cent over the $342,032 recorded in April of 2005. "A price jump like this is good news for home-owners. However, potential purchasers can take comfort from the fact that, with listings up four per cent over last April 25,245), further increases should be quite limited for the remainder of the year."

Breaking down the total Numbers into TREB Areas

• 3,189 sales were reported in TREB's 28 West districts and averaged $340,900
• 1,442 sales were reported in the 14 Central districts and averaged $499,194
• 1,701 sales were reported in the 23 North districts and averaged $393,841
• 2,029 sales were reported in TREB's 21 East districts and averaged $290,262

TREB Members reported 8,707 sales of existing homes in March, a 10 per cent increase over the 2005 total of 7,904, Toronto Real Estate Board President John Meehan announced today. "The March performance is the second best ever recorded for the month," Mr. Meehan said. "Furthermore, year-to-date we have seen 19,831 sales, which is the best first quarter result since statistics have been kept." Prices steadied last month, with the average registering at $353,134, almost the same as in February and up seven per cent from the $330,545 recorded in March of 2005. Inventory climbed four per cent over last March to 22,765, and average time-on-market fell to 30 days.

Breaking down the total Numbers into TREB Areas

• 3,281 sales were reported in TREB's 28 West districts and averaged $334,274
• 1,558 sales were reported in the 14 Central districts and averaged $458,623
• 1,710 sales were reported in the 23 North districts and averaged $381,774
• 2,158 sales were reported in TREB's 21 East districts and averaged $282,954

Sales of existing homes rose to 6,756 in February, a nine per cent increase over the same month last year, TREB President John Meehan announced today. "The Toronto resale market is accelerating nicely as we move towards Spring," the President said. "It looks like another healthy year ahead of us." Mr. Meehan further noted that February's performance was the second best for the month ever recorded and up 47 per cent from January, which is in line with seasonal trends.

On the pricing front, the average in February rose to $353,928, a six per cent increase over both February 2005 and January's figure of $332,687. The median price told much the same story, rising six per cent to $298,000 over $281,000 recorded during last Feburary, and up three per cent over January 2006.

Breaking down the total Numbers into TREB Areas

• 2,524 sales were reported in TREB's 28 West districts and averaged $333,969
• 1,219 sales were reported in the 14 Central districts and averaged $465,484
• 1,344 sales were reported in the 23 North districts and averaged $377,795
• 1,669 sales were reported in TREB's 21 East districts and averaged $283,414

The new year got off to a good start with 4,587 sales in January, up 10 per cent over the 4,153 figure recorded in January 2005, TREB President John Meehan announced today. "Last month's result was the second best January ever recorded, and an eight per cent increase over the 4,255 sales recorded in December," Mr. Meehan said. "This certainly bodes well for the resale market going forward into the new year."

On the pricing front, the GTA-wide average came in at $332,687, up three per cent over the $323,141 recorded during the previous January. The median reached $288,200, up four per cent over the same time last year.

Breaking down the total Numbers into TREB Areas

• 1,796 sales were reported in TREB's 28 West districts and averaged $315,108
• 773 sales were reported in the 14 Central districts and averaged $424,503
• 910 sales were reported in the 23 North districts and averaged $370,237
• 1,108 sales were reported in TREB's 21 East districts and averaged $266,285

TREB Members reported a record-breaking 84,145 sales during the course of 2005, TREB President John Meehan announced today. "Last year was the best annual performance since statistics have been kept," the President noted. "It is up one per cent over the 83,501 sales recorded during our previous record year, which was 2004."

During December alone, 4,255 sales were transacted through the TorontoMLS system, the second best showing ever for that month, and up from the 4,232 recorded during December 2004.

On the pricing front, the average rose a healthy but not excessive six per cent in 2005, to $335,907 from 2004's figure of $315,321. For December the average was $327,216, up four per cent over December 2004.

Breaking down the total Numbers into TREB Areas

• 1,661 sales were reported in TREB's 28 West districts and averaged $304