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Prices Up Or Down

Fast Facts

2004 was the best year on record with 83,501 resale homes sold.

2004 Prices increased on average 7% over 2003

Average selling price in 2004 was $315,231

43% of all homes sold in 2004 were under $250,000

Prices have risen an average of 6.5% per year over the past 5 years

In the first two weeks of January 2005, sales for single family dwellings are up 18% over the same period last year.


The graphs below represents the average selling price of resale homes throughout the Metropolitan Toronto area.

The graphs below represents the relationship between homes available for sale and those that have sold. This graph indicates whether it is a "Buyers" market or a "Sellers" market.

 

 

The graph below shows the percentage of homes sold within price ranges.