2007 was once again a record year in housing sales for the Toronto Real Estate Board.
Against the expectations of some apocalyptic forecasters, housing bubble talks and the sub-prime mortgage disaster in the U.S., 2007 was the best year ever in home sales.
In the GTA and surrounding the market was better than ever as well. Here is a brief summary of the most important figures that compare 2007 to 2006.
2006 // 2007
Sales: 83,004 // 93,193
$Volume: $29,240,683,470// $35,062,515,134
Average Home Price: $351,941 // $376,236
Average Days On Market: 34 // 32
Average List% : 98// 98
Click here to see a brief 2007 summary for
Newmarket
Bradford
Innisfil
All Northern Districts of the Toronto Real Estate Board
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