The numbers could curdle a homeowner's eggnog: The Toronto Real Estate Board reported yesterday that within the 416 area code, almost 50 per cent fewer housing units were sold in November compared with the same month last year, and that the average price dropped by more than $40,000.
In 2007, 3,426 housing units changed hands at an average price of $433,859. In 2008, only 1,523 changed hands were sold at an average price of $390,225.
In the entire GTA, the TREB recorded 3,640 sales in November, 2008, compared to 7,313 sales the previous year.
Source: Globe and Mail.
globeandmail.com: Housing sales fell by 50 per cent last month, board report shows
In 2007, 3,426 housing units changed hands at an average price of $433,859. In 2008, only 1,523 changed hands were sold at an average price of $390,225.
In the entire GTA, the TREB recorded 3,640 sales in November, 2008, compared to 7,313 sales the previous year.
Source: Globe and Mail.
globeandmail.com: Housing sales fell by 50 per cent last month, board report shows
