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What They Sold For...November 2013

Toronto MLS Average Resale Home Price - November 2013

Toronto MLS Sales-To-New Listings Ratio - November 2013

Toronto MLS New Listings - November 2013

Toronto MLS Sales - November 2013

GREATER TORONTO REALTORS® RELEASE MONTHLY RESALE MARKET FIGURES - November 2013

TORONTO, December 4, 2013 – Greater Toronto Area REALTORS® reported 6,391 residential sales through the TorontoMLS system in November, representing a 13.9 per cent increase over the sales result for November 2012. Over the same period, new listings on TorontoMLS were down by 4.4 per cent and month-end active listings were down by 12.1 per cent. “Growth in sales was strong for most home types in the Greater Toronto Area. Sales growth was led by the single-detached market segment followed by condominium apartments. Together, singles and condos accounted for almost three-quarters of total GTA transactions,” said Toronto Real Estate Board President Dianne Usher. “With National Housing Day having just passed, housing affordability is top of mind in the GTA and indeed nationally. Despite strong price growth and an uptick in borrowing costs this year, monthly mortgage payments on the average priced home remain affordable for a household earning the average GTA in

Toronto MLS Average Resale Home Price October 2013

Toronto MLS Sales-To-New Listings Ratio October 2013

Toronto MLS New Listings October 2013

Toronto MLS Sales October 2013

GTA REALTORS® RELEASE MONTHLY RESALE MARKET FIGURES -- October 2013

TORONTO, November 6, 2013 – Greater Toronto Area REALTORS® reported 8,000 home sales through the TorontoMLS system in October 2013 – up from 6,713 transactions reported in October 2012. Over the same period, new listings on the TorontoMLS system were down. “The GTA home ownership market has been broadly characterized by a rebound in sales since the summer. Market conditions have been tighter in some market segments more so than others. Ground-oriented homes listed for below one million dollars in some areas of the GTA have been especially popular with buyers, while listings for these home types have been constrained,” said Toronto Real Estate Board President Dianne Usher. “The supply of listings for many home types and price points has either been down year-over-year or at least not up by the same annual rate as sales. The additional Land Transfer Tax in the City of Toronto and the removal of the government guarantee on high ratio mortgages for home purchases over one m

What They Sold For.... September 2013

Toronto MLS Average Resale Home Price-- September 2013

Toronto MLS New Listings-- September 2013

Toronto MLS Sales-To-New Listings Ratio--September 2013

Toronto MLS Sales -- September 2013

Strong Sales and Price Growth in September...2013

October 3, 2013 -- Greater Toronto Area REALTORS® reported 7,411 residential sales through the TorontoMLS system in September 2013, representing a 30 per cent increase compared to 5,687 transactions reported in September 2012. Year-to-date, total residential sales reported through TorontoMLS amounted to 68,907 during the first nine months of 2013 – down by one per cent compared to the same period in 2012. “It’s great news that households have found that the costs of home ownership, including mortgage payments, remain affordable. This is why the third quarter was characterized by renewed growth in home sales in the GTA. We expect to see sales up for the remainder of 2013, as the pent-up demand that resulted from stricter mortgage lending guidelines continues to be satisfied,” said Toronto Real Estate Board President Dianne Usher. The average selling price for September transactions was $533,797 – up by 6.5 per cent year-over-year. Through the first three quarters of 2013, the average se

Toronto MLS Average Resale Home Price -- August 2013

Toronto MLS New Listings -- August 2013

Toronto MLS Sales-To-New Listings Ratio -- August 2013

Toronto MLS Sales August 2013

GTA REALTORS® REPORT MONTHLY RESALE HOUSING MARKET FIGURES--August 2013

TORONTO , September 5, 2013 – Greater Toronto Area REALTORS® reported 7,569 residential transactions through the TorontoMLS system in August 2013. This represented a 21 per cent increase compared to 6,249 sales in August 2012. “Sales were up strongly this past August for all major home types compared to last year. Many households have accounted for the added costs brought on by stricter mortgage lending guidelines and have reactivated their search for a home. These households have found that a diversity of affordable ownership options exist throughout the GTA,” said Toronto Real Estate Board President Dianne Usher. The average selling price for August 2013 was $503,094 – up by almost 5.5 per cent compared to the average of $477,170 in August 2012. The MLS® Home Price Index (HPI) composite benchmark was up by 3.7 per cent over the same period. “Despite an increase in borrowing costs during the spring and summer, an average priced home in the GTA has remained af

June 2013...What They Sold For...

Toronto MLS Average Resale Home Price July 2013

Toronto MLS Sales-To-New Listings Ratio July 2013

Toronto MLS New Listings July 2013

Toronto MLS Sales July 2013

GTA REALTORS® RELEASE MONTHLY RESALE HOUSING FIGURES

TORONTO , August 2, 2013 – Greater Toronto Area REALTORS® reported 8,544 residential sales through the TorontoMLS system in July 2013. Total sales were up by 16 per cent compared to July 2012. Over the same period, new listings added to TorontoMLS and active listings at the end of the month were up, but by a substantially smaller rate of increase compared to sales. “Last month’s sales represented the best July result since 2009 and was the third best July result on record. Despite recent increases in average borrowing costs, home buyers are still finding affordable home ownership options in the GTA,” said Toronto Real Estate Board President Dianne Usher. “We are a year removed from the onset of stricter mortgage lending guidelines and many households who put their decision to purchase a home on hold have reactivated their search. An increasing number of these households are getting deals done,” continued Ms. Usher. Reflecting tighter market conditions, the a

Toronto MLS Sales-To-New Listings Ratio June 2013

Toronto MLS New Listings June 2013

Toronto MLS Sales June 2013

Low-Rise Market Conditions Remain Tight in June

July 4, 2013   -- Greater Toronto Area REALTORS® reported 9,061 sales through the TorontoMLS system in June 2013 - down by less than one per cent compared to June 2012. Over the same period, new listings were down by a greater rate than sales, suggesting market conditions became tighter. "The sales picture in the GTA improved markedly in the second quarter of 2013. While the number of transactions was still down compared to 2012, rates of decline were substantially improved compared to the first quarter," said Toronto Real Estate Board President Dianne Usher. "As a growing number of homebuyers, many of whom put their purchase on hold due to stricter lending guidelines, now reactivate their search, the expectation is for renewed growth in home sales in the second half of 2013," added Ms. Usher The average selling price in June was up by 4.7 per cent year-over-year to $531,374. In line with the 2013 norm, June price growth was driven by the single-detached and s

GTA REALTORS® RELEASE MID-MONTH RESALE HOUSING FIGURES...June 2013

TORONTO, June 18, 2013 – Greater Toronto Area REALTORS® reported 4,620 sales through the TorontoMLS system during the first two weeks of June 2013. This result was up by 4.7 per cent compared to the first two weeks of June 2012. Year-over-year sales growth was driven by the regions/counties surrounding the City of Toronto. Home sales in the City were basically flat in comparison to last year. “The expectation was for an improvement in home sales in the second half of 2013. Early June results are in line with this outlook. Many households have adapted to stricter lending guidelines and have renewed their search for ownership housing,” said Toronto Real Estate Board President Ann Hannah. “It is also important to note that new listings were down over the same period. With sales up and new listings down, market conditions became tighter. This supports the moderate to strong rates of price growth reported for most major home types, including condominium apartments,” added Ms. Hannah. T

Toronto MLS Average Resale Home Price...May 2013

Toronto MLS Sales-To-New Listings Ratio...May 2013

Toronto MLS New Listings...May 2013

Toronto MLS Sales...May 2013

GTA REALTORS® RELEASE MONTHLY RESALE HOUSING FIGURES ... May 2013

TORONTO, June 5, 2013 – Greater Toronto Area (GTA) REALTORS® reported 10,182 sales through the TorontoMLS system in May 2013, representing a dip of 3.4 per cent compared to May 2012. Sales of single-detached homes in the GTA were up by almost one per cent compared to the same period last year, including a three per cent year-over-year increase in the City of Toronto. “The sales picture in the GTA has improved markedly over the past two months. While the number of transactions in April and May remained below last year’s levels, the rate of decline has been much smaller. A growing number of households who put their decision to purchase on hold as a result of stricter lending guidelines are starting to become active again in the ownership market,” said Toronto Real Estate Board President Ann Hannah. The average selling price for May 2013 sales was $542,174 – up by 5.4 per cent in comparison to $514,567 in May 2012. The annual rate of price growth was driven by the tight low-rise seg

Toronto MLS Average Resale Home Price April 2013

Toronto MLS Sales-To-New Listings Ratio April 2013

Toronto MLS New Listings April 2013

Toronto MLS Sales April 2013

Market Conditions Promote Price Growth in April 2013

May 3, 2013 -- Greater Toronto Area REALTORS® reported 9,811 sales through the TorontoMLS system in April 2013, representing a dip of two per cent in comparison to 10,021 transactions in April 2012. Both new listings during the month and active listings at the end of April were up on a year-over-year basis. “Despite the headwinds we have experienced in the housing market this year, April sales came in quite strong in comparison to last year. As we move through the spring and into the second half of 2013, the demand for home ownership should continue to firm-up relative to last year,” said Toronto Real Estate Board President Ann Hannah. “It has been almost a year since the federal government enacted stricter mortgage lending guidelines. It is realistic to surmise that some households, who originally put their decision to purchase on hold, are once again looking to buy,” continued Ms. Hannah. The average selling price for April 2013 transactions was $526,335 – up by two per c

GTA REALTORS® RELEASE MID-MONTH RESALE HOUSING FIGURES - April 2013

TORONTO, April 16, 2013 – Greater Toronto REALTORS® reported 4,260 sales through the TorontoMLS system during the first 14 days of April, representing a slight dip of less than one per cent compared to the same period in 2012. The reported sales figure did benefit from one extra working day compared to last year, because Good Friday in 2012 fell in April. “April sales to date, which were driven by strong growth in single-detached home sales in the regions surrounding Toronto, represent a positive start to the spring market. Because market conditions have remained tight, we continue to see average price growth well above the rate of inflation for many home types,” said Toronto Real Estate Board President Ann Hannah. The average selling price for April mid-month sales was $527,397 – up 4.3 per cent compared to $505,617 in 2012. Rates of average price growth were similar for the City of Toronto and the surrounding regions under the TREB market area. “The annual rate of price growt

REALTORS® RELEASE MONTHLY RESALE HOUSING FIGURES – March 2013

TORONTO, April 3, 2013 – Greater Toronto Area REALTORS® reported 7,765 transactions through the TorontoMLS system in March 2013 – down 17 per cent compared to 9,385 transactions in March 2012. While the year-over-year dip in March sales followed the trend that has unfolded since mid-way through 2012, it is also important to note that the Good Friday holiday was in March this year versus April in 2012. Generally speaking, there are fewer sales reported on statutory holidays and weekends. In the first quarter of 2013, sales amounted to 17,678 – down by 14 per cent compared to Q1 2012. "Home ownership remains affordable for a household earning the average income in the Greater Toronto Area. There are many willing buyers in the marketplace today. While some households have put their decision to purchase on hold as a result of stricter lending guidelines or the additional Land Transfer Tax in the City of Toronto, other households simply haven’t been able to find the right hou

Toronto MLS Average Resale Home Price March 2013

Toronto MLS Sales-To-New Listings Ratio March 2013

Toronto MLS New Listings March 2013

Toronto MLS Sales March 2013

GTA REALTORS® RELEASE MID-MONTH RESALE HOUSING FIGURES--March 2013

TORONTO, March 18, 2013 – Greater Toronto Area REALTORS® reported 3,594 transactions through the TorontoMLS system during the first 14 days of March 2013 – down 11.5 per cent compared to the same period last year. The number of new listings was up by less than two per cent. “With sales down and listings up slightly, the GTA market was better supplied in the first half of March compared to last year. This fact notwithstanding, there has been enough competition between buyers to promote moderate to strong upward pressure on average selling prices for most home types on an annual basis,” said Toronto Real Estate Board President Ann Hannah. “The average price for condominium apartments in the City of Toronto was up over last year. If this price growth continues, it may indicate that conditions are tightening slightly in this segment,” added Ms. Hannah. The average selling price for the first two weeks of March was up by almost six per cent year-over-year to $532,102. Average prices

Toronto MLS Average Resale Home Price February 2013

Toronto MLS Sales-To-New Listings Ratio February 2013

Toronto MLS New Listings February 2013

Toronto MLS Sales February 2013

GTA REALTORS® RELEASE MONTHLY RESALE HOUSING FIGURES --February 2013

TORONTO, March 5, 2013 – Greater Toronto Area (GTA) REALTORS® reported 5,759 sales through the TorontoMLS system in February 2013 – a decline of 15 per cent in comparison to February 2012. It should be noted that 2012 was a leap year with one extra day in February. A 28 day year-over-year sales comparison resulted in a lesser decline of 10.5 per cent. The average selling price for February 2013 was $510,580 – up two per cent in comparison to February 2012. “The share of sales and dollar volume accounted for by luxury detached homes in the City of Toronto was lower this February compared to last. This contributed to a more modest pace of overall average price growth for the GTA as a whole,” said Toronto Real Estate Board (TREB) President Ann Hannah. “Stricter mortgage lending guidelines that precluded government backed mortgages on homes sold for over one million dollars and the City of Toronto’s additional upfront land transfer tax arguably played a role in the slower pace of l

GTA REALTORS® RELEASE MID-MONTH RESALE HOUSING FIGURES - February 2013

TORONTO, February 19, 2013 – Greater Toronto Area REALTORS® reported 2,823 sales through the TorontoMLS system during the first 14 days of February. This result represented a decline of 8.3 per cent compared to the same period in 2012. “The number of transactions was lower for most home types in comparison to last year, but so too was the number of new listings. This means that market conditions remained quite tight, especially for low-rise home types. The result was continued price growth over last year,” said Toronto Real Estate Board President Ann Hannah. The average selling price for TorontoMLS transactions in the first half of February was $509,061 – up by four per cent in comparison to the same time last year. “The annual rate of price growth so far in February has been in line with expectations for 2013. The average selling price in the GTA will continue to grow this year but at a slower pace compared to 2012. The basis of this price growth will be the low-rise segment o

What They Sold For January 2013

Market Watch --- Positive Start to 2013

February 5, 2013 -- Greater Toronto Area REALTORS® reported 4,375 transactions through the TorontoMLS system in January 2013. This number represented a slight decline compared to 4,432 transactions reported in January 2012. “The January sales figures represent a good start to 2013. While the number of transactions was down slightly compared to last year, the rate of decline was much less than what was experienced in the second half of 2012. This suggests that some buyers, who put their decision to purchase on hold last year due to stricter mortgage lending guidelines, are once again becoming active in the market,” said Toronto Real Estate Board (TREB) President Ann Hannah. “It is interesting to note that sales were up for many home types in the GTA regions surrounding the City of Toronto. This is due, at least in part, to the additional upfront land transfer tax in the City of Toronto,” added Ms. Hannah. The average selling price for January 2013 sales was $482,648 – up by 4.3

Toronro MLS Average Resale Home Price January 2013

Toronto MLS Sales-To-New Listings Ratio January 2013

Toronto MLS New Listings January 2013

Toronto MLS Sales January 2013

December 2012...What They Sold For!

GTA REALTORS® RELEASE MID-MONTH RESALE HOUSING FIGURES -- Jan 2013

TORONTO, January 16, 2013 – Greater Toronto REALTORS® reported 1,469 sales through the TorontoMLS system during the first two weeks of January 2013. This result represented an increase of 2.4 per cent over the 1,435 transactions reported during the same period in 2012. "The New Year started off on a positive note with residential sales slightly above last year’s levels,” said Toronto Real Estate Board (TREB) President Ann Hannah. “I am cautiously optimistic about this result. It will be important to watch sales trends closely as we move through the first quarter to see if some of the households who moved to the sidelines as a result of stricter lending guidelines are starting to renew their decision to purchase a home.” The average selling price during the first 14 days of 2013 was by up by four per cent on a year-over-year basis to $459,728. “Continuing the trend from 2012, the low-rise segment of the market experienced the strongest price growth as competition between b

MARKET WATCH December 2012***Average Home Price Up Strongly in 2012

January 4, 2013 -- Greater Toronto Area REALTORS® reported 3,690 sales through the TorontoMLS system in December 2012 – down from 4,585 sales in December 2011. Total sales for 2012 amounted to 85,731 – down from 89,096 transactions in 2011. “The number of transactions in 2012 was quite strong from a historic perspective. We saw strong year-over-year growth in sales in the first half of the year, but this growth was more than offset by sales declines in the second half. Stricter mortgage lending guidelines resulted in some households postponing their purchase of a home. In the City of Toronto, the dip in sales was compounded by the additional Land Transfer Tax, which buyers must pay upfront,” said Toronto Real Estate Board (TREB) President Ann Hannah. The average selling price in December 2012 was up by 6.5 per cent year-overyear to $478,739. The average selling price for 2012 as a whole was up by almost seven per cent to $497,298. “Robust annual rates of price growth were report

Toronto MLS Average Resale Home Price - December 2012

Toronto MLS Sales-To-New Listings Ratio - December 2012