September's housing market on the right track

Submitted by Jasmina on Sun, 2006-09-24 20:59.

CNW Group (TORONTO, Sept. 18): "The resale housing market in the Toronto Area performed solidly in the first half of September, Toronto Real Estate Board President Dorothy Mason announced today... There is a good balance in the market," Mrs. Mason said. "Prices have risen but an increase in active listings is helping to avoid rapid price escalation. This benefits the market by maintaining affordability. It's an excellent time to be in the housing market."

  • Sales of townhomes and detached homes in Markham/Unionville N11 contributed to an overall increase in transactions of 54 per cent compared to 2005's mid-September results.
  • In the east, Guildwood/Scarborough Village E08 showed an overall sales increase of 81 per cent to mid-September, compared to the same timeframe in 2005.
  • In the Islington/Kingsway area of Etobicoke W08, 47 per cent more overall transactions took place in the first half of the month, compared to mid-September of last year.
  • North York City Centre East/Willowdale C07 saw 55 per cent more overall sales compared to mid-month figures from 2005.