E-Mail

Power of Sales Interest RatesSearch MLS Homes 4 Sale Rental Properties Condos 4 Sale TownhomesNew HomesOpen Houses BuyersSellersYour Home ValuePrice Graphs FAQ'sGoogle MapsBecome an Agent NewsletterAbout MeContact Info E-Mail Mark

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

In this Issue of my newsletter

• Market update
• Bank Rate
• Interest Rates
• Current Listings
• Power of Sales
• Real Estate News
• My Predictions for 2012 - I'm going out on a limb!
• NEW! Read about the Rental Market in the GTA

Report as of May 12, 2013

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 2001 to 2011:

 

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.

All the best!
Mark

TORONTO, April 3, 2013

Market Conditions Promote Price Growth in April

TORONTO, 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 cent in comparison to April 2012. The MLS® HPI Composite Benchmark Price was up by 2.9 per cent.

“The condominium apartment segment in the City of Toronto was a key driver of price growth in April, with both the average selling price and the MLS HPI apartment index up on a year-over-year basis. The improved condo sales picture, with Toronto sales down by only one per cent compared to last year, suggests that interest in condo ownership

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

SUMMARY OF SALES AND AVERAGE PRICE click for larger image

 

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

 

Below is a Graph showing TREB Historical Average Price Data

• The graph below shows a graph of sales price data obtained directly from the Toronto Real Estate Board showing the average selling price of single family homes from 1985 to date in our GTA marketplace.
• Note the historical trends for spring and fall price increases, where spring typically has a larger increase compared to the fall.
• The benchmark for changes in price is chosen to be the average price of homes at the last height of the market, which was $273,698 in 1989.
• If you want the actual values of prices for every month going back to January 1995, I have them, and would be pleased to E-mail them to you upon request.
• See the Average Price Cycles from January 1995 to Date - a very interesting cyclical pattern is clearly seen!
• You may also see the average mortgage interest rates back to 1979
• Send Mark a request for the actual prices of homes since 1995 or you can call Mark now at 905-828-3434
• Read a report showing how much has the price of real estate escalated in the past 25 years!
• Mississauga Lawyer
• This is an in depth analysis of how and if establishing the impact of housing markets on an economy
• Open the graph below in a new separate window

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

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

• Average Price report for 2011
• Average Price report for 2010
• Average Price report for 2009
• Average Price report for 2008
• Average Price report for 2007
• Average Price report for 2006
• Average Price report for 2005
• Average Price report for 2004

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!

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 $485,000 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 graph below is one that I made about a year ago and shows how times have changed in 2 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

---

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
August 2010	August of 2008

 

Spot sales figures

Last month December 2008 Sales figures

• 993 sales were reported in TREB’s 28 West districts and averaged $338,855
• 473 sales were reported in the 14 Central districts and averaged $479,095
• 491 sales were reported in the 23 North districts and averaged $381,975
• 620 sales were reported in TREB’s 21 East districts and averaged $291,488

   

• Average Price report for 2011
• Average Price report for 2010
• Average Price report for 2009
• Average Price report for 2008
• See 2007 year sales figures
• See 2006 year sales figures
• See 2005 year sales figures
• See 2004 year 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

• May 2013
• February 2013
• January 2013
  
  
• March 2012
• February 2012
• January 2012
  
  
• December 2011
  
• May 2011
  
• June 2011
  
• April 2011
  
• March 2011
  
• February 2011
  
• January 2011
  
  
• December 2010
• November 2010
• July 2010
• January 2010
  
  
  
• December 2009
• November 2009
• September 2009
• May 2009
• February 2009
• January 2009
  
• December 2008
• November 2008
• October 2008
• September 2008
• August 2008
• June 2008
• May 2008
• April 2008
• March 2008
• February 2008
• January 2008
  
  
• December 2007
• November 2007
• October 2007
• September 2007
• August 2007
• July 2007
• June 2007
• May 2007
• April 2007
• March 2007
• February 2007
• January 2007
  
  
• December 2006
• November 2006
• June 2006 issue
• April 2006
• January 2006
  
  
• All of 2005
• December 2005  

Excellent, I am ready for an online evaluation 

Next Step in Selling Process

April 9, '51 data 2002    

Mississauga MLS Real Estate Properties & MLS.CA Homes for Sale  | All Pages including Mississauga Real Estate Blog all maintained by mark@mississauga4sale.com Copyright © A. Mark Argentino, P.Eng., Broker, RE/MAX Realty Specialists Inc., Brokerage, Mississauga, Ontario, Canada L5M 7A1 (905) 828-3434  First created - Tuesday, July 16th, 1996 at 3:48:41 PM -
Last Update of this website: Sunday, May 12, 2013 8:47 PM
At this Mississauga, (Erin Mills, Churchill Meadows, Sawmill Valley, Credit Mills and or Meadowvale ) Ontario, Canada Real Estate Property Internet web site you will find relevant information to help you and your family.

| Complimentary & Quick Over The Internet Home Evaluation |