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Toronto Real Estate Statistics @ Mid November

November 20, 2008 By George O'Neill Leave a Comment

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Toronto Real Estate sales statistics for mid-November were released yesterday by the Toronto Real Estate Board (TREB).  No real surprise here.  Across Toronto, the number of overall house sales was down 19.7% while prices were down on average 7.5%.  Most of this drop seems to have occurred during October when the financial markets went into a tailspin.

As with any statistical measure, one needs to be cautious when applying these numbers to any one specific community within the City, since many areas (like the Beach for example where I do much of my work) do not necessarily follow the overall City trends.  The Beach remains a destination market, due to great amenities and a lovely quality of life, as well as being so close to downtown while being served by 24 hr streetcars.

Click here to download the TREB press release, or read it on-line here.

George

Related posts:

  1. February 2009 Toronto Real Estate Market Statistics
  2. Mid February 2009 Toronto Real Estate Market Statistics
  3. Toronto Real Estate Market Statistics Update – Mid January 2009
  4. Toronto Home Sales Statistics for October 2008
  5. Careful! Real Estate Market Statistics Can Be Misleading
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About George O'Neill
George O'Neill is CEO and Broker of Record at O'Neill Real Estate Limited. Prior to founding this business, George worked for over twenty years as a management consultant with PricewaterhouseCoopers, Deloitte Consulting and for leading Canadian and U.S. companies including Hydro One, Spar Aerospace, McDonnell Douglas (Boeing) and the Manufacturing Technology Centre in business development, marketing, sales and technology roles.George holds Master and Bachelor Degrees in Mechanical Engineering from the University of New Brunswick (UNB) as well as an MBA Degree from Queen's University. Active in the local community, George supports various charities and organizations and sits on various Boards including two private corporations and three not-for-profit organizations. George was an adjunct professor in Economics at Humber College for years and is founder of Real Estate Technology Toronto (RETechTO), Ontario's largest digital marketing discussion group for real estate professionals, and is founder of the annual Social Media Marketing Summit for Real Estate.George is an author, video blogger, sought after speaker and recognized as a thought leader in the real estate industry. He is pleased the majority of his business is based on repeat clients and referrals, and loves to spend time with his growing family.

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