Toronto Real Estate Market Watch release for August.
Forget the averages the summary quotes. The medians are showing a significant shift.
(First off, I have to explain why I'm working with two months of data. The TREB, until July 2011 published some pretty useless reports. That just changed. I tried to go back and recreate at least some of the numbers, but without summary medians for regions with enough sales to compare month on month (600 or more) I can't safely work backwards. So, July and August is it for now. BTW, thank you TREB for fixing the reports.)
Median Prices For house types with a significant # of sales (I can't smooth so I can't handle any noise)
|Region||July 2011||August 2011|
|DETACH – TREB||$493,000.00||$499,000.00|
|DETACH – Peel||$485,000.00||$492,000.00|
|DETACH – York||$595,000.00||$605,000.00|
|DETACH – Durham||$330,000.00||$329,000.00|
|DETACH – Toronto City||$550,000.00||$535,500.00|
|SEMI – TREB||$390,000.00||$389,000.00|
|CONDO – TREB||$304,000.00||$300,000.00|
|CONDO – Toronto City||$328,000.00||$327,000.00|
|CONDO – Toronto Central||$365,000.00||$360,000.00|
|TOWN – TREB||$375,000.00||$378,000.00|
CONDO is condo apartment