Toronto: April Market Watch "905 v 416"

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TREB’s April market watch reports transactions down 7% in first half of April.

April 17, 2009 - Greater Toronto REALTORS® reported 3,681 transactions in the first half of April, down seven per cent compared to 3,955 during the same period last year.

The majority of the deflation is found in the 905 region, although the 905 area still leads 416 transactions, which is essentially level from the same period of the previous year (at 98.68% of the previous period).

It is important to remember, however, that the 905 region has considerably more geography than the 416 area from which Real Estate may available for sale. In addition, the density of tenanted properties in the 416 area is far greater.


From the Toronto Real Estate Board

City of Toronto (416): 2008, Mid-April 1,514 sales.
Remaining GTA (905): 2008, Mid-April 2,441 sales.

City of Toronto (416): 2009, Mid-April 1,494 sales.
Remaining GTA (905): 2009, Mid-April 2,187 sales.