August Sets New Record, Breaks 8,000 Sales
October 3, 2007 -- September put in another excellent performance, with 6,866 single family units changing hands through the TorontoMLS system, Toronto Real Estate Board (TREB) President Maureen O’Neill announced today. “This figure was up four per cent from last year (6,622 sales), and off only six per cent from the record 7,326 sales recorded during September of 2005.” Year-to-date sales, at 73,827, were up 12 per cent over 2006. “They are also,” the President went on to note, “up 11 per cent over the first nine months of 2005, which turned out to be the best year ever recorded in the history of TREB.”
Prices rebounded in September, rising five per cent over August to $380,132. On a year-over-year basis they were up also up five per cent, to $371,848 from the $352,318 recorded during the first nine months of 2006.
September Resale Market Shows Strength
October 3, 2007 -- The Greater Toronto Area resale housing market continued its strong, stable pace in September with 6,866 transactions taking place, Toronto Real Estate Board President Maureen O’Neill announced today.
This marks an increase of four per cent as compared to September 2006 and is within six per cent of the record set for the month in 2005.
Prices increased to an average $380,132, up five per cent over the previous month.
“Year-to-date sales are up 11 per cent as compared to the same timeframe in our record year 2005,” said Ms. O’Neill. “This bodes well for a strong outcome to this year.”
In Scarborough Center (E09), sales were up 38 per cent as compared to September 2006, due to a significant increase in the number of detached homes sold.
Sales in High Park (W02) increased by 34 per cent as compared to last September, mainly as a result of a tremendous increase in the sale of semi-detached units.
Condominium apartment transactions led the way to a 64 per cent overall increase in sales in Willowdale (C07).
Richmond Hill South (N03) also saw a strong number of condominium apartment sales, which resulted in an overall increase of 26 per cent as compared to September 2006.
“Resale housing numbers in the GTA have been consistently positive, reflecting a healthy market,” said Ms. O’Neill. “We hope that the City of Toronto doesn't jeopardize this market by imposing a second land transfer tax on home buyers."
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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
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 2006
September 2007 Sales figures
August 2007 Sales figures
June 2007 Sales figures
May 2007 Sales figures
March 2007 Sales figures
February 2007 Sales figures
January 2007 Sales figures
Neighbourhood Corner - Mississauga - Each month The Toronto Real Estate Board profiles a neighbourhood and for January of 2006 TREB chose Mississauga!
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.
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.
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.
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.
Housing prices in selected areas of the GTA | ||||
Municipality | Standard Condo Apt. | Standard Two Storey House | Standard Town House | Senior Executive House |
Brampton | 155,000 | 280,000 | 210,000 | 585,000 |
Burlington | 181,000 | 275,000 | 181,000 | 490,000 |
Markham | 260,000 | 358,000 | 245,000 | 465,000 |
Mississauga | 185,000 | 290,000 | 206,500 | 490,000 |
Oakville | 225,000 | 290,000 | 220,000 | 600,000 |
Richmond Hill | 225,000 | 290,000 | 225,000 | 410,000 |
Toronto - Etobicoke (Islington Kingsway) |
210,000 | 415,000 | 232,000 | 640,000 |
Toronto - Leaside | 250,000 | 645,000 | 350,000 | 950,000 |
Source: Survey of Canadian House Prices, Fourth Quarter 2004 Prices as of Oct.-Dec. 2004 (CDN $) |
Rental Market indicators in the GTA
This chart shows the breakdown of single family residential sales
for last month.
Housing Market Indicators |
||||
|
This month |
This month |
% Change |
|
Sales* |
8,084 |
7,329 |
(-9%) |
less sales |
New Listings* |
12,059 |
12,012 |
( -- ) |
equal listings |
Active Listings* |
20,063 |
22,368 |
(+11%) |
more listings all = softer market and prices |
* All figures above for Single-Family Dwellings.
Totals for this last month
Dwelling Type |
Sales |
% |
Median |
Detached |
4,622 |
98 |
$340,000 |
Semi Detached |
1,171 |
99 |
$271,000 |
Condo Townhouse |
865 |
98 |
$214,000 |
Condo Apt. |
1,643 |
97 |
$191,000 |
Link |
250 |
98 |
$256,250 |
Attached Row Townhouse |
596 |
99 |
$254,750 |
Co-op Apt. |
37 |
97 |
$166,000 |
Detached Condo |
9 |
97 |
$214,000 |
This is a graphical representation showing the percentage
of homes that sold in each price range.
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