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

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

February 2007 Press Release and Stats

Strong Start for 2007

February 6, 2007 -- The new year got off to a fast start, with 5,173 sales of existing homes in January, TREB President Dorothy Mason announced today. "This figure is up 13 per cent over last January, and up six per cent over the 4,869 sales recorded in January of 2002, which was the previous record for the month."

Meanwhile, average prices climbed in January to $353,724, up five per cent over December and up six per cent over the $332,687 recorded in January 2006. "While one shouldn't read too much into a single month's result," the President said. "January's record breaking performance is an encouraging sign for the year ahead."

his is the news release that was issued by the Toronto Real Estate Board.

The Year ends with a strong December

TORONTO, February 6, 2007 -- The January resale housing market was the best January ever, registering 13 per cent more transactions than a year ago, Toronto Real Estate Board President Dorothy Mason announced today. The 5,173 sales in the month were six per cent above the previous record set in January 2002.

“Sales have been very solid to start the year,” Mrs. Mason said. “It's a very good sign for the market to see a healthy level of activity carrying over from last year's strong finish.”
Scarborough's Birchmount Park / Cliffside area (E06) saw 55 per cent more overall sales compared to last January, with detached homes accounting for nearly all transactions.
In the Islington / Kingsway area of Etobicoke, a jump in condominium transactions helped to push overall sales 42 per cent higher than January 2006.

An increase in sales of condominiums and semi-detached homes helped lift Forest Hill to an overall increase of 56 per cent over January of last year.

North of the city, in Markham West / Langstaff (N01), 50 per cent more homes changed hands in January than during the same month a year ago.

Ted Tsiakopoulos, CMHC's Ontario regional economist, noted that Toronto's housing market has been a very stable sector of the economy.

“The market remains resilient despite slower job growth, high energy prices, and a loss of migrants to western Canada,” Mr. Tsiakopoulos said. “Historically low interest rates, strong income growth and healthy consumer confidence are important factors keeping January home sales buoyant across the GTA.”

TREB's President added that while the results are preliminary, they should instill confidence in consumers.

“The housing market is healthy and continues to be well supported by strong economic fundamentals,” Mrs. Mason said. “These are ideal conditions, and consumers can feel confident making a switch to another home or realizing their dream of home ownership for the first time.”

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!

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

Average Price report for 2005

Average Price report for 2004

Mississauga District Prices

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

January 2007 Sales figures


See last year's sales figures

Neighbourhood Corner - Mississauga - Each month The Toronto Real Estate Board profiles a neighbourhood and for January of 2006 TREB chose Mississauga!

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.


 

Housing prices in selected areas of the GTA
Municipality Standard Condominium Apartment  Standard Two Storey House Standard Townhouse 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

Previous Month
average prices 2005   

 


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

 

Archived issues of my TREB Market Watch reports

 

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April 9, '51 data 2002 


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