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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

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

TORONTO, January 4, 2007

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

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

December 2006 Sales figures

November Sales figures

October Sales figures

September Sales figures

August Sales figures

July sales figures

June figures:

May Sales figures:

March Sales figures:

February 2006 figures were:

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 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

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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