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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

Report on last months News

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

This charts below show the historical annual price and sales volumes to current month:

2016-monthly-statistics-average-prices-and-sales-volumes

Report as of Thursday, December 7, 2017

In this Issue of my newsletter

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

Year over Year Summary Table (to date)

Year over year summary of single family residential sales

Year over year 2016 TREB Sales Activity Average Price

2015-monthly-statistics-average-prices-and-sales-volumes

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.

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 selling price last month was $780,104 (it was $775,546 the previous month) and it was up 2.3% compared to October of 2016 - see graph of prices here

Greater Toronto Area REALTORS® reported 7,118 residential sales through TREB’s MLS® System last month. This result represented a 12% increase compared to sales reported in the same month in 2016.

The MLS® Home Price Index (HPI) Composite Benchmark price was up by 9.7 per cent on a year-over-year basis.

The Bank of Canada Prime Lending Rate now stands at 2.95% an increase for the first time since 2010 read more The rate had been 2.70% and steady (since July 2015) read more

See more at this page about average prices and read the TREB full price and data report below.

PRESS RELEASE: Sales & Price Growth Continue last month

See the full press release below.

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

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

November Home Sales Up Year-Over-Year

GTA REALTORS® RELEASE MONTHLY RESALE HOUSING MARKET FIGURES

Sales Up and Listings Up last month

GTA REALTORS® Release November Stats

TORONTO, ONTARIO, December 5, 2017 – Toronto Real Estate Board President Tim Syrianos announced that Greater Toronto Area REALTORS® reported 7,374 transactions through TREB’s MLS® System in November 2017. This result was up compared to October 2017, bucking the regular seasonal trend. On a year-over-year basis, sales were down by 13.3 per cent compared to November 2016.

New listings entered into TREB’s MLS® System in November 2017 amounted to 14,349 – up by 37.2 per cent compared to November 2016, when the supply of listings was very low from a historic perspective.

“We have seen an uptick in demand for ownership housing in the GTA this fall, over and above the regular seasonal trend. Similar to the Greater Vancouver experience, the impact of the Ontario Fair Housing Plan and particularly the foreign buyer tax may be starting to wane. On top of this, it is also possible that the upcoming changes to mortgage lending guidelines, which come into effect in January, have prompted some households to speed up their home buying decision,” said Mr. Syrianos.

The MLS® Home Price Index (HPI) composite benchmark price was up by 8.4 per cent on a year-over-year basis in November 2017.

The average selling price for all home types combined was down by two per cent compared to November 2016, due in large part to a smaller share of detached home sales versus last year. On a year-to-date basis, the average selling price was up by 13.4 per cent compared to the same period last year. High density home types continued to lead the way in terms of price growth, with the average condominium apartment price up by double-digits compared to November 2016.

“Changes in market conditions have not been uniform across market segments. In line with insights from consumer polling undertaken by Ipsos in the spring, we are still seeing seller’s market conditions for townhouses and condominium apartments in many neighbourhoods versus more balanced market conditions for detached and semi-detached houses. We will have more insights to share about consumer intentions for 2018 at the end of January when TREB releases its third annual Market Year in Review and Outlook report,” said Jason Mercer, TREB’s Director of Market Analysis.

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

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!
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

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 2016

TREB Average Price Estimate

Below is the estimate as of 2012

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

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

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 this month

TREB (Toronto Real Estate Board) Boundaries Districts and Service Districts and Areas

TREB Boundaries Districts Service Area

Historic Sales Figures

Rental Market indicators in the GTA

This chart shows the breakdown of single family residential sales (detached, semi's, townhomes and condos) for last month.
summary of sales last month

TREB MLS® Active Residential Listings at Month-‐End

TREB MLS Active Residential Listings

Archived issues of my TREB Market Watch reports

Excellent, I am ready for an online evaluation

Next Step in Selling Process

April 9, '51 da 2002

Mississauga MLS Real Estate Properties & MLS.CA Homes for Sale | All Pages including Mississauga Real Estate Blog all maintained by info@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: Thursday, June 1, 2023 6:45 AM
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	Highlights of the latest report from TREB for the Residential Real Estate Market in the GTA The average selling price last month was $780,104 (it was $775,546 the previous month) and it was up 2.3% compared to October of 2016 - see graph of prices here Greater Toronto Area REALTORS® reported 7,118 residential sales through TREB’s MLS® System last month. This result represented a 12% increase compared to sales reported in the same month in 2016. The MLS® Home Price Index (HPI) Composite Benchmark price was up by 9.7 per cent on a year-over-year basis. The Bank of Canada Prime Lending Rate now stands at 2.95% an increase for the first time since 2010 read more The rate had been 2.70% and steady (since July 2015) read more See more at this page about average prices and read the TREB full price and data report below.
	PRESS RELEASE: Sales & Price Growth Continue last month See the full press release below. Please refer to this page to see a graph of Average prices and More
	This is the full price and data report from TREB for last month November Home Sales Up Year-Over-Year GTA REALTORS® RELEASE MONTHLY RESALE HOUSING MARKET FIGURES Sales Up and Listings Up last month GTA REALTORS® Release November Stats TORONTO, ONTARIO, December 5, 2017 – Toronto Real Estate Board President Tim Syrianos announced that Greater Toronto Area REALTORS® reported 7,374 transactions through TREB’s MLS® System in November 2017. This result was up compared to October 2017, bucking the regular seasonal trend. On a year-over-year basis, sales were down by 13.3 per cent compared to November 2016. New listings entered into TREB’s MLS® System in November 2017 amounted to 14,349 – up by 37.2 per cent compared to November 2016, when the supply of listings was very low from a historic perspective. “We have seen an uptick in demand for ownership housing in the GTA this fall, over and above the regular seasonal trend. Similar to the Greater Vancouver experience, the impact of the Ontario Fair Housing Plan and particularly the foreign buyer tax may be starting to wane. On top of this, it is also possible that the upcoming changes to mortgage lending guidelines, which come into effect in January, have prompted some households to speed up their home buying decision,” said Mr. Syrianos. The MLS® Home Price Index (HPI) composite benchmark price was up by 8.4 per cent on a year-over-year basis in November 2017. The average selling price for all home types combined was down by two per cent compared to November 2016, due in large part to a smaller share of detached home sales versus last year. On a year-to-date basis, the average selling price was up by 13.4 per cent compared to the same period last year. High density home types continued to lead the way in terms of price growth, with the average condominium apartment price up by double-digits compared to November 2016. “Changes in market conditions have not been uniform across market segments. In line with insights from consumer polling undertaken by Ipsos in the spring, we are still seeing seller’s market conditions for townhouses and condominium apartments in many neighbourhoods versus more balanced market conditions for detached and semi-detached houses. We will have more insights to share about consumer intentions for 2018 at the end of January when TREB releases its third annual Market Year in Review and Outlook report,” said Jason Mercer, TREB’s Director of Market Analysis. All the Best! Mark