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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

January 2007 Press Release for last year - 2006 Ends On a High Note
Year over Year Average Toronto Price up 5%

TREB Members reported 4,447 sales in December, up four per cent over the 4,255 recorded last December, and the second best total ever recorded for the month, TREB President Dorothy Mason announced today. "December's performance is indicative of the whole year, which saw total transactions break the 83,000 level (83,084) for only the third time since records have been kept," noted the President.

Year-over-year, the average price in 2006 rose five per cent over the $335,907 recorded in 2005 to $351,941. "This means that prices continue to outpace inflation, making home-ownership a sound investment in today's economy and invariably in the long term."

Side Note from Mark: The average price increased in 2006 by 5%.  The average price increased 7% in 2005.

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

The Year ends with a strong December

TORONTO, January 4, 2007 -- Resale housing activity in December increased by four per cent compared to the same month a year ago, Toronto Real Estate Board President Dorothy Mason announced today.

“All year long the market has remained very stable,” Mrs. Mason said. “December’s strong showing gives consumers even more confidence that there is a solid foundation in place as we begin the new year.”

The elevated activity at the end of the year helped propel 2006 to within just 1.2 per cent of the record sales total set in 2005.

Jason Mercer, CMHC’s Senior Market Analyst for the GTA, argued that a strong economy is behind the upbeat performance:

“Households remained confident in their ability to purchase a home last year,” said Mr. Mercer. “Furthermore, steady job growth in a number of different sectors and very low mortgage rates will keep buyers upbeat about home ownership in 2007."

In Don Mills (C13), 54 per cent more overall transactions took place during the month compared to last December, fueled in part by strong condominium activity.

A 54 per cent increase in overall sales was recorded in Etobicoke’s South Humber neighbourhood (W07), also helped by elevated condominium transactions.

East of Toronto, Pickering (E13) showed an overall sales increase of 30 per cent compared to December 2005, while in West Markham / Langstaff (N01), strong condominium sales led to a 63 per cent increase in overall transactions during the month, compared to a year ago.

“The market is on solid footing and is in excellent shape heading into 2007,” TREB’s President said. The winter season is an excellent time to be active in this healthy market, whether starting out as a first time buyer or making a move to a different home.”

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
• 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 2005

Average Price report for 2004

Mississauga District Prices

Breaking down the total Numbers into TREB Areas for this month

December 2006 Sales figures

• 1,643 sales were reported in TREB’s 28 West districts and averaged $318,364
• 779 sales were reported in the 14 Central districts and averaged $408,599
• 941 sales were reported in the 23 North districts and averaged $382,065
• 1,084 sales were reported in TREB’s 21 East districts and averaged $271,463.

November Sales figures

• 2,424 sales were reported in TREB’s 28 West districts and averaged $334,085
• 1,223 sales were reported in the 14 Central districts and averaged $457,730
• 1,152 sales were reported in the 23 North districts and averaged $391,959
• 1,482 sales were reported in TREB’s 21 East districts and averaged $278,785

October Sales figures

• 2,520 sales were reported in TREB’s 28 West districts and averaged $330,585
• 1,317 sales were reported in the 14 Central districts and averaged $473,336
• 1,383 sales were reported in the 23 North districts and averaged $379,680
• 1,658 sales were reported in TREB’s 21 East districts and averaged $283,339

September Sales figures

• Breaking down the total, 2,520 sales were reported in TREB’s 28 West districts and averaged $330,585; 1,317 sales were reported in the 14 Central districts and averaged $473,336; 1,383 sales were reported in the 23 North districts and averaged $379,680; and 1,658 sales were reported in TREB’s 21 East districts and averaged $283,3392,552 sales were reported in TREB’s 28 West districts and averaged $331,006
• 1,166 sales were reported in the 14 Central districts and averaged $443,881
• 1,312 sales were reported in the 23 North districts and averaged $386,360
• 1,592 sales were reported in TREB’s 21 East districts and averaged $278,154

August Sales figures

• 2,627 sales were reported in TREB’s 28 West districts and averaged $321,415
• 1,181 sales were reported in the 14 Central districts and averaged $401,244
• 1,493 sales were reported in the 23 North districts and averaged $388,674
• 1,675 sales were reported in TREB’s 21 East districts and averaged $275,050

July sales figures

• Breaking down the total, 2,627 sales were reported in TREB’s 28 West districts and averaged $321,415; 1,181 sales were reported in the 14 Central districts and averaged $401,244; 1,493 sales were reported in the 23 North districts and averaged $388,674; and 1,675 sales were reported in TREB’s 21 East districts and averaged $275,050.
• 2,680 sales were reported in TREB’s 28 West districts and averaged $325,417
• 1,279 sales were reported in the 14 Central districts and averaged $428,031
• 1,407 sales were reported in the 23 North districts and averaged $373,573
• 1,716 sales were reported in TREB’s 21 East districts and averaged $278,028

June figures:

• 3,245 sales were reported in TREB’s 28 West districts and averaged $339,469
• 1,579 sales were reported in the 14 Central districts and averaged $463,581
• 1,762 sales were reported in the 23 North districts and averaged $385,084
• 2,144 sales were reported in TREB’s 21 East districts and averaged $286,174

May Sales figures:

• 3,504 sales were reported in TREB’s 28 West districts and averaged $340,841
• 1,739 sales were reported in the 14 Central districts and averaged $483,682
• 1,898 sales were reported in the 23 North districts and averaged $390,999
• 2,293; sales were reported in TREB’s 21 East districts and averaged $292,600
  
  April Sales figures:
• 3,189 sales were reported in TREB’s 28 West districts and averaged $340,900
• 1,442 sales were reported in the 14 Central districts and averaged $499,194
• 1,701 sales were reported in the 23 North districts and averaged $393,841
• 2,029; sales were reported in TREB’s 21 East districts and averaged $290,262

March Sales figures:

• 3,281 sales were reported in TREB’s 28 West districts and averaged $334,274
• 1,558 sales were reported in the 14 Central districts and averaged $458,623
• 1,710 sales were reported in the 23 North districts and averaged $381,774
• 2,158; sales were reported in TREB’s 21 East districts and averaged $282,954

February 2006 figures were:

• 2,524 sales were reported in TREB’s 28 West districts and averaged $333,969
• 1,219 sales were reported in the 14 Central districts and averaged $465,484
• 1,344 sales were reported in the 23 North districts and averaged $377,795
• 1,669; sales were reported in TREB’s 21 East districts and averaged $283,414
  
  January 2006 Sales Figures
• 1,796 sales were reported in TREB’s 28 West districts and averaged $315,108
• 773 sales were reported in the 14 Central districts and averaged $424,503
• 910 sales were reported in the 23 North districts and averaged $370,237
• 1,108 sales were reported in TREB’s 21 East districts and averaged $266,285.
  
  
  December 2005 Sales Figures
• 1,661 sales were reported in TREB’s 28 West districts and averaged $304,348
• 776 sales were reported in the 14 Central districts and averaged $407,473
• 806 sales were reported in the 23 North districts and averaged $365,210
• 1,012 sales were reported in TREB’s 21 East districts and averaged $272,949.

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.

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

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

Archived issues of my TREB Market Watch reports

• January 2007
• December 2006
• November 2006
• June 2006 issue
• April 2006
• January 2006
• All of 2005
• December 2005

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