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"What They Sold For" November 2014

Toronto MLS Average Resale Home Price November 2014

Toronto MLS Sales-To-New Listings Ratio November 2014

Toronto MLS New Listings November 2014

Toronto MLS Sales November 2014

TORONTO REALTORS® RELEASE NOVEMBER HOUSING MARKET FIGURES

TORONTO, December 4, 2014 - Toronto Real Estate Board President Paul Etherington announced that Greater Toronto REALTORS® reported 6,519 residential transactions through the TorontoMLS system in November 2014.  This result was up by 2.6 per cent compared to 6,354 sales reported in November 2013. Through the first 11 months of 2014, total sales amounted to 88,462 - up 6.6 per cent compared to the same period in 2013. While the trend of year-over-year sales growth continued, the supply of listings remained constrained, with active listings at the end of November down in comparison to last year. "Even with a constrained supply of homes for sale in many parts of the Greater Toronto Area, buyers continued to get deals done last month. Households remain upbeat about home ownership because monthly mortgage payments remain affordable relative to accepted lending standards. This is coupled with the fact that housing has proven to be a quality long-term investment," stated Mr

Toronto MLS Average Resale Home Price October 2014

Toronto MLS Sales-To-New Listings Ratio October 2014

Toronto MLS New Listings October 2014

Toronto MLS Sales October 2014

Greater Toronto REALTORS® Report Resale Housing Market Figures October 2014

TORONTO, November 5, 2014 – Toronto Real Estate Board President Paul Etherington announced that Greater Toronto Area REALTORS® reported 8,552 sales through the TorontoMLS system in October 2014. This result represented an increase of 7.7 per cent compared to October 2013. New listings were also up on a year-over-year basis, but by a lesser 3.4 per cent. “Strong growth in sales was evident across all major home types during the first full month of fall. This suggests that there are a lot of households across the Greater Toronto Area who remain upbeat about the benefits of home ownership over the long term, whether we’re talking about first-time buyers or existing home owners looking to change their housing situation,” said Mr. Etherington. The average selling price for October 2014 transactions was $587,505 – up 8.9 per cent compared to the average of $539,286 reported for October 2013. The MLS® HPI composite benchmark price was up by 8.3 per cent over the same peri

What They Sold For....September 2014

Toronto MLS Average Resale Home Price September 2014

Toronto MLS Sales-To-New Listings Ratio September 2014

Toronto MLS New Listings September 2014

Toronto MLS Sales September 2014

Greater Toronto REALTORS® Report Monthly MLS Housing Figures September 2014

TORONTO, October 3, 2014 – Toronto Real Estate Board President Paul Etherington announced that there were 8,051 transactions reported through the TorontoMLS system in September 2014. This result represented a 10.9 per cent increase compared to September 2013. On a year-to-date basis through the first three quarters of the year, sales were up by 6.9 per cent annually to 73,465. "Despite a persistent shortage of listings in some market segments, we have experienced strong growth in sales though the first nine months of 2014. This is evidence that GTA households remain upbeat about purchasing a home. The majority of home buyers purchase a home using a mortgage. The share of the average household's income dedicated to their mortgage payment remains affordable, which is why buyer interest has remained solid," said Mr. Etherington. The average selling price for September 2014 transactions was $573,676 – up by 7.7 per cent compared to the same period in 2013. Average

Toronto MLS Average Resale Home Price August 2014

Toronto MLS Sales-To-New Listings Ratio August 2014

Toronto MLS New Listings August 2014

Toronto MLS Sales August 2014

Greater Toronto REALTORS® Report Monthly Resale Housing Figures - August 2014

TORONTO, September 4, 2014 – Toronto Real Estate Board President Paul Etherington reported 7,600 sales through the TorontoMLS system in August 2014. This result was up by 2.8 per cent compared to 7,391 transactions reported in August 2013. Year-to-date sales through the end of August amounted to 65,454, which represented an increase of 6.5 per cent compared to the same period in 2013. “The last full month of summer ended on a high note. As we look toward the fall market, I expect that demand for ownership housing will remain strong. Home buyers will continue to benefit from a diversity of affordable home ownership opportunities throughout the GTA. The fact that sales were up for all major home types in August suggests that first-time buyers and existing home owners remain very active in today’s marketplace,” said Mr. Etherington. The average selling price in August 2014 was $546,303 – up 8.9 per cent in comparison to the average of $501,677 reported in August 2013. The ye

Toronto MLS Average Resale Home Price July 2014

Toronto MLS Sales-to_New Listings Ratio July 2014

Toronto MLS New Listings July 2014

Toronto MLS Sales July 2014

Sales and Average Price Up Year-Over-Year in July ---2014

August 7, 2014   -- Toronto Real Estate Board President Paul Etherington reported strong year-over-year growth for July 2014 sales and the average selling price. Sales reported by TREB Members through the TorontoMLS system were up by 10 per cent to 9,198. This was the second-best July sales result on record.  “The second half of 2014 started where the first half left off, with very strong demand for the diversity of affordable home ownership options in the Greater Toronto Area. Sales were up strongly for most major home types and market conditions actually tightened, with sales growth outpacing listings growth. The result was average price growth well-above the rate of inflation,” said Mr. Etherington. The average selling price for July 2014 sales was $550,700 – up by 7.5 per cent compared to July 2013. The strongest rate of price growth was reported for the detached market segment in the City of Toronto, with a year-over-year change of 11 per cent. The better-supplied condominium a

Toronto MLS Average Resale Home Price - June 2014

Toronto MLS Sales-To-New Listings Ratio - June 2014

Toronto MLS New Listings - June 2014

Toronto MLS Sales - June 2014

GREATER TORONTO REALTORS® REPORT RESALE HOUSING MARKET FIGURES ..June 2014

TORONTO, July 4, 2014 – Stepping into his role as President of the Toronto Real Estate Board, Paul Etherington announced a strong increase in residential sales reported through the TorontoMLS system in June. Sales were up by 15.4 per cent year-over-year to 10,180 transactions. New listings were also up compared to the same period in 2013, but by a lesser annual rate. This means that competition between buyers increased in June. “Home buyers in the Greater Toronto Area are confident in their ability to purchase and affordably pay for a home. Generally speaking, buyers feel that ownership housing will be a good investment over the long term. This is why we continued to see increases in home sales in June for all major home types across the GTA. Given the degree of pent-up demand in the market today, I would expect to see sales growth continue through the summer,” said Mr. Etherington. The average selling price for June transactions was $568,953, representing an increase o

Toronto MLS Average Resale Home Price May 2014

Toronto MLS Sales-To-New Listings Ratio May 2014

Toronto MLS New Listings May 2014

Toronto MLS Sales May 2014

GREATER TORONTO REALTORS® REPORT RESALE HOUSING MARKET -- May 2014

TORONTO, June 4, 2014 – Toronto Real Estate Board President Dianne Usher announced that both the number of home sales through the TorontoMLS system and the average selling price were up strongly in May compared to a year ago. Total TorontoMLS sales for May 2014 amounted to 11,079 – a new high for the month of May. This result was up by 11.4 per cent compared to 9,946 sales reported in May 2013. The average selling price for these sales was $585,204, representing an 8.3 per cent year-over-year increase compared to the average price of $540,544 in May 2013. “We are now at the peak of the spring market when we generally see the greatest number of sales and the highest average selling prices. Based on the May statistics, buyers have been more active this spring compared to last year. Despite strong price growth so far in 2014, many households remain comfortable with the monthly mortgage payments associated with the purchase of a home, as borrowing costs have rem

Toronto MLS Average Resale Home Price April 2014

Toronto MLS Sales-To-New Listings Ratio April 2014

Toronto MLS New Listings April 2014

Toronto MLS Sales April 2014

GREATER TORONTO REALTORS® REPORT RESALE HOUSING MARKET FIGURES April 2014

TORONTO, May 6, 2014 - Toronto Real Estate Board President Dianne Usher announced that during April – the first full month of spring – Greater Toronto REALTORS® reported a 1.8 per cent year-over-year increase in sales through the TorontoMLS system. Total April 2014 sales amounted to 9,706, compared to 9,535 transactions in April 2013. “April marked the beginning of the spring market, during which time we generally see the highest monthly sales totals in a given year. Despite the persistent shortage of listings, a substantial number of GTA residents were able to come to terms on a home that met their needs. However, sales levels would have been higher, but for the lack of supply,” said Ms. Usher. “A number of factors underlie the constrained supply of listings. Studies and polling suggest that the additional upfront land transfer tax in the City of Toronto has prompted some households to stay put and renovate rather than list their home and move. In the br

Toronto MLS Average Resale Home Price...March 2014

Toronto MLS Sales-To-New Listings Ratio...March 2014

Toronto MLS New Listings... March 2014

Toronto MLS Sales... March 2014

Sales and Average Price Up in March... 2014

April 3, 2014   -- Toronto Real Estate Board President Dianne Usher announced that Greater Toronto Area REALTORS® reported strong year-over-year increases in TorontoMLS home sales and the average selling price in March 2014. Home ownership affordability, backstopped by low borrowing costs, continued to be a key factor underlying this growth.   A total of 8,081 sales were reported in March 2014 – up by 7.2 per cent in comparison to March 2013. Sales growth was much stronger in March compared to the first two months of the first quarter. Sales for Q1 as a whole were up by three per cent compared to the first three months of 2013. “Sales activity in the GTA accelerated last month. Compared to last year, a greater number of buyers found affordable home ownership options, as evidenced by sales growth for all major home types. Against this backdrop, however, overall inventory at the end of March remained lower than last year. This means competition between buyers increased, which is

Toronto MLS Average Resale Home Price February 2014

Toronto MLS Sales-To-New Listings Ratio February 2014

Toronto MLS New Listings February 2014

Toronto MLS Sales February 2014

Toronto MLS Sales Up in February 2014

March 5, 2014   -- Toronto Real Estate Board President Dianne Usher announced that February 2014 home sales reported by Greater Toronto Area REALTORS® were up by 2.1 per cent compared to the same period last year. Total February sales amounted to 5,731 compared to 5,613 last year. “Despite the continuation of inclement weather in February, we did see a moderate uptick in sales activity last month. The sales increase was largely driven by resale condominium apartments. New listings of resale condominium apartments were up on a year-over-year basis, giving buyers ample choice. This is in contrast to the listings situation for singles, semis and townhomes, where supply continued to be constrained. Some would-be buyers had difficulty finding a home that met their needs,” said Ms. Usher. “If we see renewed growth in listings for low-rise home types, the pace of sales growth will accelerate as we move through the year,” Ms. Usher continued. The average selling price for February 2014

Toronto MLS Average Resale Home Price - January 2014

Toronto MLS Sales-To-New Listings Ratio - January 2014

Toronto MLS New Listings January 2014

Toronto MLS Sales - January 2014

GREATER TORONTO REALTORS® REPORT LATEST MONTHLY RESALE MARKET FIGURES - January 2014

TORONTO, February 5, 2014 – Home ownership in the Greater Toronto Area remains affordable and there are many people looking to purchase a home. In January, the number of homes listed for sale was down quite strongly compared to last year, which means that it was difficult for some buyers to find a home. Greater Toronto Area REALTORS® reported 4,135 sales through the TorontoMLS system in January 2014. This result was down by 2.2 per cent in comparison to January 2013. New listings entered into the system were down over the same period by 16.6 per cent to 8,822. “Looking forward, it is possible that strong price growth, and therefore an increase in home equity, will act as a trigger for more households to list their homes for sale. This is especially the case for households whose life styles are changing, including those with an expanding family looking for a larger home or empty nesters looking to downsize,” said Dianne Usher, President, Toronto Real Estate Boa

REALTORS..Call For Home Buying Tax Relief For Everyone.

TORONTO, January 7, 2014 - With the City of Toronto Budget Committee wrapping-up its review of the City’s 2014 Budget today, the Toronto Real Estate Board (TREB) is calling for City Council to move forward with providing relief from the Toronto Home Buying Tax (Land Transfer Tax) for all home buyers, and to continue providing dedicated relief for first-time home buyers. TREB’s views are being echoed by thousands of Torontonians who have been contacting City Councillors by email and other means. “The Home Buying Tax hurts people when they can least afford it. It penalizes people like growing families or retirees. City Council should do its part in keeping Toronto affordable by providing relief from the Home Buying Tax for all home buyers,” said Dianne Usher, President, Toronto Real Estate Board. The City’s Budget Committee will be considering a motion to almost eliminate the Land Transfer Tax on the first $250,000 value of a property, for all home buyers, but to also elimin

Toronto MLS Average Resale Home Price December 2013

Toronto MLS Sales-To-New Listings Ratio December 2013

Toronto MLS New Listings December 2013

Toronto MLS Sales December 2013