GTA and Mississauga Average Price Graph

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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 Table

In this Issue of my newsletter

Report as of Tuesday, October 7, 2014 - the statistics for 2014 are in the record book, read more below!

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 GTA

 

This 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

Below is the report from TREB for the January 2014 Residential Real Estate Market in the GTA

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

Thanks!

Mark

 

Tight Market Conditions Prompt Strong Price Growth

Sales and Average Price Growth Continued in September

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 year-over-year price growth was strongest in the City of Toronto, both for low-rise home types like detached and semidetached houses and for condominium apartments. The average selling price year-todate was $563,813 – up 8.5 per cent compared to the first nine months of 2013.

"If the current pace of sales growth remains in place, we could be flirting with a new record for residential sales reported by TREB Members this year. On the pricing front, the multitude of willing buyers in the marketplace coupled with the short supply of listings will continue to translate into very strong annual rates of price growth in the fourth quarter," 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 sales for the current year and the previous three years.  The recurring seasonal trend can be examined along with comparisons to previous years for each month.  Click the chart bellow to see a larger printable version.

 

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

Housing market indicators from last month

housing market indicators

SUMMARY OF SALES AND AVERAGE PRICE click for larger image

summary of sales and average prices for last month on TREB

 

Toronto REALTORS® are passionate about their work. They adhere to a strict code of ethics and share a state-of-the-art Multiple Listing Service designed exclusively for REALTORS®. Serving more than 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.

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
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 would be over $500,000 by 2015 and by 2020 the average price will be over $600,000!

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!

 

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 about a year ago 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, annualized

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

 


This is a graphical representation showing the percentage of homes that sold in each price range.

Note the shift when you compare this month to 2 years ago, quite significant!

What different properties sold for in March of 2011  
what they sold for in April 2011  
August 2010 August of 2008
August 2010 what they sold for last month from August of 2008 graphical representation of the percentage of homes selling in each of the price ranges shown TREB Average prices for Toronto and Mississauga, Single Family Homes

 

January 2011

December 10, 2013

Region

Area Sales

Av. Price

 

East

123

$278,453

 

West

221

$323,384

 

Central

88

$432,270

 

North

93

$375,131

 

Total

525

$340,275

 

NOTE: Please note these are preliminary figures. Minor adjustments may be required at month's end.

Latest sales report for November 2010

weekly sales report 2010 November

latest Sales Report - August 26, 2010

RegION
Area Sales
Average Price
  East
  329
  $327,637
  West
  555
  $392,685
  Central
  266
  $454,598
  North
  337
  $475,755
  Total
  1,487
  $408,194

 NOTE: Please note these are preliminary figures. Minor adjustments may be required at month's end.

 

 

For comparison purposes, see last year in February below.

February 28, 2008

Region

Area Sales

Average Price

 

East

391

$300,867

 

West

627

$358,062

 

Central

268

$504,817

 

North

300

$419,670

 

Total

1,586

$380,654

 

NOTE: Please note these are preliminary figures. Minor adjustments may be required at month's end.

 

 

 

 

 

 

 

 

* All figures above for Single-Family Dwellings.

 

 

Historic Sales Figures

Neighbourhood Corner - Mississauga - Each month The Toronto Real Estate Board profiles a neighbourhood and you may read how the market

Mississauga January 2008

There were 647 sales in Mississauga this January, a decline of three per cent over the first month of 2007. The average price came in at $339,655, a one per cent increase over the same time-frame last year. Of these sales, 196 were of detached homes which averaged $516,190, up eight per cent over January '07.

Mississauga 2006

Mississauga (MLS districts W12 to W20) had 608 sales in January, up seven per cent over the figure recorded in January of 2005. These sales averaged $305,464, a two per cent increase over last January. Breaking down the total, there were 201 sales of detached homes, which averaged $448,889; there were 171 sales of condominium apartments, and the average for these was $193,481.

Mississauga 2005

There were 569 sales in the Mississauga area during January, down 12 per cent from the figure recorded in January of 2004. The average price, however, rose seven per cent to $298,503. Breaking down the total, detached homes in Mississauga (203 sales) averaged about $418,655, while semis (121 sales) came in at $279,025.

Neighbourhood Corner January 2004 for Mississauga

The Mississauga area (W-12 through W-20) registered 645 sales in January, down 10 per cent from the 721 recorded during the same time-frame in 2003.  However, the overall average in Mississauga came to $277,594, up seven percent over the $259,207 recorded in January of last year.  Average days-on-market was 43, about the same as the Board-wide figure of 42.

Neighbourhood Corner Information - Mississauga (from January 2003)

In Mississauga (W-12 to W-20) the latter half of this year saw prices climb 10 per cent to $256,824 over the $233,151 recorded for the whole of 2001. Average Days-on-Market in Mississauga was 34, as compared to a city-wide average of 38 days.


 

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

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