Toronto Real Estate Board Housing Prices Summary - Newmarket March 2008

March sales were moderate as low inventory levels kept sales brisk, but well off record levels. With 6,631 transactions recorded during March, the overall Greater Toronto Area resale market was down 22 per cent from the 8,518 sales of March 2007.

So how many of those sales took place in the Northern districts? A total of 1,390 sales were reported in 23 Northern districts; and averaged a selling price of $424,742.

Here's a look at the March 2008 statistics for Newmarket:

Sales: 118
$Volume: $42,152,661
Average Home Price: $357,226
Average Days on Market: 29
Average List %: 98

Click the links below to see a brief March 2008 summary for:
Bradford
Innisfil
East Gwillimbury
Keswick/Georgina
King
Aurora


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Toronto Real Estate Board Housing Prices Summary - King March 2008

March sales were moderate as low inventory levels kept sales brisk, but well off record levels. With 6,631 transactions recorded during March, the overall Greater Toronto Area resale market was down 22 per cent from the 8,518 sales of March 2007.

So how many of those sales took place in the Northern districts? A total of 1,390 sales were reported in 23 Northern districts; and averaged a selling price of $424,742.

Here's a look at the March 2008 statistics for King:

Sales: 15
$Volume: $9,418,000
Average Home Price: $627,867
Average Days on Market: 66
Average List %: 96

Click the links below to see a brief March 2008 for:
Bradford
Innisfil
East Gwillimbury
Keswick/Georgina
Aurora
Newmarket

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Toronto Real Estate Board Housing Prices Summary - Keswick/Georgina March 2008

March sales were moderate as low inventory levels kept sales brisk, but well off record levels. With 6,631 transactions recorded during March, the overall Greater Toronto Area resale market was down 22 per cent from the 8,518 sales of March 2007.

So how many of those sales took place in the Northern districts? A total of 1,390 sales were reported in 23 Northern districts; and averaged a selling price of $424,742.

Here's a look at the March 2008 statistics for Keswick/Georgina:

Sales: 82
$Volume: $21,237,900
Average Home Price: $258,999
Average Days on Market: 40
Average List %: 97

Click the links below to see a brief March 2008 summary for:
Bradford
Innisfil
East Gwillimbury
Aurora
Newmarket
King

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Toronto Real Estate Board Housing Prices Summary - Innisfil March 2008

March sales were moderate as low inventory levels kept sales brisk, but well off record levels. With 6,631 transactions recorded during March, the overall Greater Toronto Area resale market was down 22 per cent from the 8,518 sales of March 2007.

So how many of those sales took place in the Northern districts? A total of 1,390 sales were reported in 23 Northern districts; and averaged a selling price of $424,742.

Here's a look at the March 2008 statistics for Innisfil:

Sales: 35
$Volume: $9,527,700
Average Home Price: $272,220
Average Days on Market: 40
Average List %: 96

Click the links below to see a brief March 2008 summary for:
Bradford
East Gwillimbury
Aurora
Newmarket
King

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Toronto Real Estate Board Housing Prices Summary - East Gwillimbury March 2008

March sales were moderate as low inventory levels kept sales brisk, but well off record levels. With 6,631 transactions recorded during March, the overall Greater Toronto Area resale market was down 22 per cent from the 8,518 sales of March 2007.

So how many of those sales took place in the Northern districts? A total of 1,390 sales were reported in 23 Northern districts; and averaged a selling price of $424,742.

Here's a look at the March 2008 statistics for East Gwillimbury:

Sales: 15
$Volume: $6,599,244
Average Home Price: $439,950
Average Days on Market: 44
Average List %: 97

Click the links below to see a brief March 2008 summary for:
Bradford
Innisfil
Aurora
Newmarket
King

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Toronto Real Estate Board Housing Prices Summary - Bradford March 2008

March sales were moderate as low inventory levels kept sales brisk, but well off record levels. With 6,631 transactions recorded during March, the overall Greater Toronto Area resale market was down 22 per cent from the 8,518 sales of March 2007.

So how many of those sales took place in the Northern districts? A total of 1,390 sales were reported in 23 Northern districts; and averaged a selling price of $424,742.

Here's a look at the March 2008 statistics for Bradford:

Sales: 26
$Volume: $8,654,000
Average Home Price: $332,846
Average Days on Market: 40
Average List %: 98

Click the links below to see a brief March 2008 for:
Innisfil
East Gwillimbury
Aurora
Newmarket
King

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Toronto Real Estate Board Housing Prices Summary - Aurora March 2008

March sales were moderate as low inventory levels kept sales brisk, but well off record levels. With 6,631 transactions recorded during March, the overall Greater Toronto Area resale market was down 22 per cent from the 8,518 sales of March 2007.

So how many of those sales took place in the Northern districts? A total of 1,390 sales were reported in 23 Northern districts; and averaged a selling price of $424,742.

Here's a look at the March 2008 statistics for Aurora:

Sales: 64
$Volume: $30,692,103
Average Home Price: $479,564
Average Days on Market: 30
Average List %: 98

Click the links below to see a brief March 2008 summary for:
Bradford
Innisfil
East Gwillimbury
Keswick/Georgina
King
Newmarket

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Housing starts show surprising strength

The momentum in Canada's new housing sector still isn't showing any sign of fading, as figures showed another surprisingly strong month for housing starts in March.

The annualized rate of housing starts was 254,700 units, adjusted for seasonal variations. That's down slightly from 255,600 units in February, Canada Mortgage and Housing Corp. said Tuesday.

March's figure easily topped the expectations of economists, who had been forecasting housing starts to come in at 229,000.

Starts of single homes in urban areas hit an annualized rate of 80,500 last month, a decline from 82,900 in February, while starts of multiple-unit buildings, such as condominiums, rose to 141,000 from 139,500.

"The high level of starts posted in February continued in March, thanks to the multiple segment and particularly condominium starts, which registered a significant rise in Alberta," said Bob Dugan, chief economist at CMHC's market analysis centre.

"Nevertheless, the single-detached component, which is usually a strong trend indicator, decreased slightly. This is consistent with our view that the housing market will moderate gradually throughout 2008," Dugan said.

The annual rate of urban starts slipped 2.3 per cent in Ontario, 16.8 per cent in Quebec and 37.1 per cent in British Columbia. Urban starts grew by 75 per cent in Atlantic Canada and 52.5 per cent in the Prairie region.

"Residential construction in Canada isn’t letting up despite widespread expectations to the contrary," said Robert Hogue of BMO Nesbitt Burns.



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