February stays right on track

    TORONTO, March 6 /CNW/ - Resale housing activity in the month of February
was slightly higher than a year ago, Toronto Real Estate Board President
Dorothy Mason announced today. A total of 6,772 transactions took place in the
month, as compared to 6,756 in February 2006.
    "Sales activity has been strong to begin the year," Mrs. Mason said.
"Results from the first two months show that so far 2007 is five per cent
ahead of last year's pace."
    "The important thing is that we are seeing strong results on a consistent
basis, which speaks volumes about the stability of the market," Mrs. Mason
added. "As we head into the most active part of the year, it's an excellent
time to get into the market for the first time or make a switch to a different
    In Scarborough Town Centre / Woburn (E09), a jump in sales of detached
homes pushed overall activity up 22 per cent compared to February 2006.
    Strong condominium apartment sales in Mimico / New Toronto (W06)
contributed to a 29 per cent increase in overall transactions compared to a
year ago.
    Central Toronto's Davisville neighbourhood (C10) saw 20 per cent more
transactions than the same month a year ago, with strong sales among most
housing types.
    North of Toronto in Newmarket (N07), detached homes were the most popular
type as transactions increased 32 per cent compared to last February.

    Toronto REALTORS(R) are passionate about their work. They adhere to a
strict code of ethics and share a state-of-the-art Multiple Listing Service.
Its 19,359 listings resulted in February's 6,772 sales. Serving over 24,000
Members in the Greater Toronto Area, the Toronto Real Estate Board is Canada's
largest real estate board. Greater Toronto Area open house listings are now
available on www.TorontoRealEstateBoard.com.

For further information:

For further information: Wendy Craven, Director, Public Relations,
Toronto Real Estate Board, Office: (416) 443-8159, 24-Hour Cell: (416)
277-7390, Email: wcraven@trebnet.com

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