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TREB (Toronto Real Estate Board) Average Single Family Historical Home Prices and trends for Toronto and Mississauga



Graph of TREB Prices

Monthly Price comparison

Average Price Prediction

Last Recession graph

TREB Average prices for Toronto and Mississauga, Single Family Homes - average price trends for real estate in mississauga ontario

Report on last months News

GTA Resale Housing Sales Up
GTA REALTORS® Report Resale Market Figures


Year over Year Summary Table (to date)

Year over year summary of single family residential sales

 

Report as of Friday, April 17, 2015

In this Issue of my newsletter

The average prices and the number of sales, once again, both were very strong last month.  

This chart below shows the historical annual price and sales volumes since 2002 to 2014:

2013-monthly-statistics-average-prices-and-sales-volumes

2013-monthly-statistics-average-prices-and-sales-volumes

historical annual price and sales volumes since 2001 to 2011

 

See Average Prices in the GTAThis is the report for latest month in real estate sales from the Toronto real estate board and indicates a 'normal' amount of activity and price levels.

Below is the latest release of figures
 

Highlights of the latest report from TREB for the Residential Real Estate Market in the GTA

  • The Average price for last month  was $613,933 (it was $596,163 the previous month) and this represents aver a 10% increase compared to the same month last year- see graph of prices here
  • Sales volumes were 8,940 (it was 6,338 last month) and this is UP 11% from the same month last year  
  • The Bank of Canada Prime Lending Rate shocked the experts and lowered the rate to 2.75% in January 2015 read more

See more at this page about average prices and read the press release below.

Thanks!

Mark

 

PRESS RELEASE: Sales & Price Growth Continue in November

First time in Toronto the Average Detached Sold Price above $1 million dollars!

This is for detached homes in Toronto, not the GTA, but this represents a milestone in the Toronto Real Estate Market

See the full press release below.

Please refer to this page to see a graph of Average prices and More

All the Best!

Mark

TORONTO, April 7, 2015 –

Toronto Real Estate Board President Paul Etherington announced that Greater Toronto Area REALTORS® reported 8,940 sales in March 2015.

This result represented an 11 per cent increase compared to March 2014. Sales were up for most major home types, both in the City of Toronto and the surrounding regions. New listings were also up, but by a lesser 5.5 per cent, indicating tighter market conditions.

“Home sales increased compared to last year as the cost of home ownership remained affordable, with lower interest rates going a long way to mitigate the effect of rising home prices. However, a substantial amount of pent-up demand remains in place, especially as it relates to low-rise market segments.

This suggests that strong competition between buyers, which has fuelled strong price growth so far this year, will continue to be experienced throughout the spring,” said Mr. Etherington. In March, the average selling price for all reported transactions was $613,933 – up 10 per cent year-over-year.

The MLS® HPI Composite Index, which tracks benchmark homes with the same attributes from one period to the next, was up by 7.9 per cent. Average price growth was strongest for detached homes in the City of Toronto, at 15.9 per cent.

Over the same period the detached MLS® HPI in the '416' area code increased 7.8 per cent. The MLS® HPI provides a clear indication of price growth due to market forces - the relationship between demand and supply.

Comparing MLS® HPI growth to average price growth provides a sense of the changing mix of home types sold from one period to the next. "It is clear that seller's market conditions in many parts of the GTA are driving price growth.

However, looking at the detached market segment in the City of Toronto in particular, growth in the average selling price outstripped growth in the MLS® HPI.

This points to the fact that the mix of detached homes sold this year compared to last has shifted towards more expensive properties," said Jason Mercer, TREB's Director of Market Analysis.

 

This is the full price and data report from TREB for last month

Robust Sales and Price Growth in February

Sales and Price Up Year-Over-Year in March 2015

TORONTO, April 7, 2015 – Toronto Real Estate Board President Paul Etherington announced that Greater Toronto Area REALTORS® reported 8,940 sales in March 2015. This result represented an 11 per cent increase compared to March 2014. Sales were up for most major home types, both in the City of Toronto and the surrounding regions. New listings were also up, but by a lesser 5.5 per cent, indicating tighter market conditions.

“Home sales increased compared to last year as the cost of home ownership remained affordable, with lower interest rates going a long way to mitigate the effect of rising home prices.

However, a substantial amount of pent-up demand remains in place, especially as it relates to low-rise market segments. This suggests that strong competition between buyers, which has fuelled strong price growth so far this year, will continue to be experienced throughout the spring,” said Mr. Etherington.

In March, the average selling price for all reported transactions was $613,933 – up 10 per cent year-over-year. The MLS® HPI Composite Index, which tracks benchmark homes with the same attributes from one period to the next, was up by 7.9 per cent.

Average price growth was strongest for detached homes in the City of Toronto, at 15.9 per cent. Over the same period the detached MLS® HPI in the '416' area code increased 7.8 per cent.

The MLS® HPI provides a clear indication of price growth due to market forces - the relationship between demand and supply. Comparing MLS® HPI growth to average price growth provides a sense of the changing mix of home types sold from one period to the next.

"It is clear that seller's market conditions in many parts of the GTA are driving price growth. However, looking at the detached market segment in the City of Toronto in particular, growth in the average selling price outstripped growth in the MLS® HPI.

This points to the fact that the mix of detached homes sold this year compared to last has shifted towards more expensive properties," said Jason Mercer, TREB's Director of Market Analysis

Greater Toronto REALTORS® are passionate about their work. They are governed by a strict Code of Ethics and share a state-of-the-art Multiple Listing Service. Over 36,000 TREB Members serve consumers in the Greater Toronto Area. The Toronto Real Estate Board is Canada’s largest real estate board.

All the Best!

Mark

   

 

This chart plots the monthly MLS average home price for the current year and the previous three years.  The recurring seasonal trend can be seen along with comparisons to previous years for each month.  You can click the thumbnail below to see a larger printable version.  As well, you can see the season trends in graphical form

I hope this finds you Happy and Healthy!

All the Best!

Mark

Read about Housing market indicators from last month

Summary of TorontoMLS Sales and Average Price

Sales by housing type

summary of GTA resale homes sales and average price

 

Below is a Graph showing TREB Historical Average Price Data

 

 

 

Click this graph to see large graph of TREB Average prices for Toronto and Mississauga, Single Family Homes - Mark Argentino Real Estate Toronto mississauga, Realtor, Real Estate Agent, Broker,Buyers Representative

See the Average Price Cycles from January 1995 to Date - a very interesting cyclical pattern is clearly seen!
Average Price Cycles from january 1995 to Current Date

Mortgage Interest Rates comparison between 1 and 5 year rate

See how the historical 1 year mortgage interest rate compares to the 5 year rate

Mississauga District Prices

If the average single family residential price in the GTA continues to increase at 4% per year, the average price of homes in the GTA is estimated to be $717,000 by 2020 and by 2026 the average price will be over $900,000!

Update: The figures are in for 2012 and the average price was $479,000, I've updated the graph below to reflect these changes....stay tuned!

Below is the estimate as of 2015

TREB Average Price Estimate

Below is the estimate as of 2012

TREB Average Price Estimate at 4% increase per year until 2020

Current Average price for a single family home in the GTA is $427,000

Estimated average price by year 2015 is $525,000!

By 2020 average price estimate is $638,000!

Of course these are only estimates, but it shows that if the current trend continues prices will be well over $600,000 by 2020

When I first made this graph in 2007, the data showed that if Average prices continued to increase from end of 2007 at 4% per year, the average price would be over $475,000 in 6 years ( 2013)  Now the data shows $517,190 for 2013!
In the beginning of 2007 I made the same graph below and if Average prices continued to increase from 2006 at 4% per year, the average price would be over $460,000 in 7 years ( 2013) - the Actual average was $523,036 for 2013!
The graph below is one that I made in 2013 and shows how times have changed in a few short years

TREB Average Price Estimate at 4% increase per year for next 7 years

Breaking down the total Numbers into TREB Areas for this month

Please browse here if you wish to see all the TREB Sales stats for 2007

This graph shows the 1989 real estate recession in the GTA and how long it took to recover from the drop in the average price from the peak price in February of 1989 to 2002

last real estate recesssion GTA Toronto

Economic Indicators

Statistics Canada, Quarter-over-quarter growth, on an annual basis, Statistics Canada, Year-over-year growth for the most recently reported month, Bank of Canada, Rate from most recent Bank of Canada announcement Bank of Canada, Rates for most recently completed month

economic indicators for January 2014 from previous years data

 

Historic Sales Figures

 

Rental Market indicators in the GTA


This chart shows the breakdown of single family residential sales for last month.

 

Archived issues of my TREB Market Watch reports

Excellent, I am ready for an online evaluation 

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April 9, '51 da 2002    


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Mississauga MLS Real Estate Properties & MLS.CA Homes for Sale  |All Pages including Mississauga Real Estate Blog all maintained by Copyright © A. Mark Argentino, P.Eng., Broker, RE/MAX Realty Specialists Inc., Brokerage, Mississauga, Ontario, Canada L5M 7A1 (905) 828-3434  Google  First created - Tuesday, July 16th, 1996 at 3:48:41 PM - Last Update of this website: Friday, April 17, 2015 10:08 PM
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