July 2007 Online eNewsletter

First It Was The Best May Ever
Now It is The Best June Ever! 

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 $381,963. 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, 3,936 sales were reported in TREB’s 28 West districts and averaged $356,513; 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; and 2,448 sales were reported in TREB’s 21 East districts and averaged $302,558.

Neighbourhood Corner - Etobicoke

In Etobicoke (W-6 to W-10) there have been 2,734 sales to date, up 13 per cent over the January to June period of 2006. The average price was $399,525, up four per cent over the $383,220 recorded during that earlier time frame.

July Wellness Tip

“For me, giving thanks is a sign
of appreciation and gratitude
that also brings about a
deep sense of peace.”

~Wally Amos, www.wallyamos.com
Famous Amos Cookie entrepreneur, 1936 -

“I awoke this morning
with devout thanksgiving
for my friends, the old
and the new.”

~Ralph Waldo Emerson
American essayist & poet, 1803 - 1882

Online Goodies

mls.ca
cmhc.ca
realtor.com
wallyamos.com
OntarioHomeValues.com

Current and Previous Newsletters in PDF format

- 2007 -
July 2007 Newsletter
June 2007 Newsletter
May 2007 Newsletter
April 2007 Newsletter
March 2007 Newsletter
February 2007 Newsletter
January 2007 Newsletter

- 2006 -
December 2006 Newsletter
November 2006 Newsletter
October 2006 Newsletter
September 2006 Newsletter
August 2006 Newsletter

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