City
Andrew
Posted on June 07, 2007
Report Inaccuracy
luminato590.jpg

Oops I did it Again: The Toronto Real Estate Board Sets a New High

City
Andrew
Posted on June 07, 2007
Report Inaccuracy
Latest Videos


Remember how I said April was the best month ever on record for the Toronto Real Estate Board? Yeah well, I have to retract my blog post because May completely and totally obliterated the record set by April.

The 11,146 sales that occurred in May topped the 9,452 that happened in April by a whopping 18%. May 2007 was also 18% of May 2006. After five months, 2007 is 8% ahead of 2006 in terms of overall sales. The good news for buyers or would-be buyers is that even though sales are sky rocketing to never before seen levels, prices in May creeped up by only 5% over May of last year.

For those of you who are still predicting the impending doom of the real estate market in Toronto, now would be a good time for the three of you to consider a new hobby. For full details, and all the numbers, check out TREB's Market Watch.

Photo by myker from the blogTO flickr pool.

Latest Videos

Latest Videos

Join the conversation Load comments

Latest in City

Toronto's Love Park pond just got drained because of someone's dumb stunt

Family of flies native to Ontario has a potent neurotoxic bite and even eats birds

These Ontario companies were voted among best places to work in Canada for 2024

Toronto just agreed on a solution to nightmare gridlock traffic on Spadina

Man walks on water in giant bubble to protest the loss of a Toronto beach

Canadians could cash in on proposed prescription antibiotics class action

Toronto to spend a combined $135 million on new island ferries and other upgrades

Toronto might be getting 'relief' ferries to handle overwhelming island crowds