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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 of single family residential sales

 
Report as of Wednesday, February 17, 2016

In this Issue of my newsletter

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

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

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

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

historical annual price and sales volumes since 2001 to 2011

 

See Average Prices in the GTAThis 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 price for last month was $631,092 (it was $609,110 the previous month) and this represents aver a 14.1% increase compared to the same month last year- see graph of prices here
  • Sales volumes were 4,672 (it was 9,880 last month) and this an 8.2% increase from the same month last year  
  • The Bank of Canada Prime Lending Rate now stands at 2.50% 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

Strong Start to 2016

TORONTO, February 3, 2016 – Toronto Real Estate Board President Mark McLean announced Greater Toronto Area REALTORS® reported 4,672 residential transactions through TREB’s MLS® System in January 2016.

This result represented an 8.2 per cent increase compared to January 2015.

“It is clear that the handoff from 2015 to 2016 was a strong one. This is not surprising given that recent polling conducted for TREB by Ipsos suggested 12 per cent of GTA households were seriously considering the purchase of a home in 2016.

Buying intentions are strong for this year as households continue to see home ownership as an affordable long-term investment,” said McLean.

The MLS® Home Price Index Composite Benchmark Price for January 2016 was up by 10.7 per cent on a year-over-year basis. The average selling price over the same period was up by 14.1 per cent.

The difference in the annual growth rates for the MLS® HPI and average price was largely due to a greater share of high-end detached homes sold in the regions surrounding the City of Toronto this year compared to last.

The MLS® HPI removes the impact of shifts in the share of different property types sold from one year to the next.

“Market conditions in January were tighter compared to a year earlier, with an annual increase in sales up against a decline in listings. This is why growth in the MLS® HPI benchmarks continued to be strong, especially for singles, semis and townhouses, where there has been a persistent lack of inventory,” 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.
 

 

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

Mortgage Interest Rates comparison between 1 and 5 year rate

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

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 in 2013 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, 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

 

Historic Sales Figures

 

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

Excellent, I am ready for an online evaluation 

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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  Google  First created - Tuesday, July 16th, 1996 at 3:48:41 PM - Last Update of this website: Saturday, April 1, 2017 10:20 AM
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