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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

 

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

In this Issue of my newsetter

July 2010 report from TREB!

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

See Average Prices in the GTA

 

Market More Balanced in June

July 6, 2010 -- Greater Toronto REALTORS® reported 8,442 sales through the Multiple Listing Service® (MLS®) in June. This represented a 23 per cent decrease compared to the record 10,955 sales reported in June 2009. Sales for the second quarter of 2010 amounted to 28,810 – up one per cent annually. Year-to-date sales through June were up 23 per cent to 50,455 compared to the first six months of 2009.

"We experienced a record number of existing home sales during the first half of 2010, but these sales were weighted more towards the beginning of the year," said Toronto Real Estate Board President Bill Johnston. "The pace of home sales has moderated from record levels over the past two months with the prospect of higher mortgage rates."

The average price for June transactions was $435,034 – up eight per cent compared to the average of $403,972 recorded for June 2009.

"With more homes to choose from in the second quarter, many home buyers have been making less-aggressive offers. This has resulted in less upward pressure on the average selling price," said Jason Mercer, TREB's Senior Manager of Market Analysis. "The annual rate of average price growth in the second half of 2010 will be in the single digits."

Median Price
In June, the median price was $367,750, from the $345,000 recorded during June of 2009.

This chart plots the monthly MLS sales for the current year and the previous three years.  The recurring seasonal trend can be examined along with comparisons to previous years for each month.  Click the chart bellow to see a larger printable version.

 

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

SUMMARY OF October SALES AND AVERAGE PRICE 2009 - 2008

SUMMARY OF July SALES AND AVERAGE PRICE 2009 - 2008

SUMMARY OF APRIL SALES AND AVERAGE PRICE 2009 - 2008
Summary of sales in April of 2009 compated to April of 2008

.

Greater Toronto REALTORS® are passionate about their work. They adhere to a strict Code of Ethics and share a state-of-the-art Multiple Listing Service. Serving over 28,000 Members in the Greater Toronto Area, the Toronto Real Estate Board is Canada’s largest real estate board.

Toronto REALTORS® are passionate about their work. They adhere to a strict code of ethics and share a state-of-the-art Multiple Listing Service designed exclusively for REALTORS®. Serving more than 24,000 Members in the Greater Toronto Area, the Toronto Real Estate Board is Canada's largest real estate board. Greater Toronto Area open house listings are now available on www.TorontoRealEstateBoard.com.

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

Mississauga District Prices

If the average single family residential price in the GTA continues to increase at 4% per year, the average price would be over $500,000 by 2015 and by 2020 the average price will be over $600,000!

 

TREB Average Price Estimate at 4% increase per year until 2020

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)
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 graph below is one that I made about a year ago and shows how times have changed in 2 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 last real estate recession in the GTA and how long it took to recover from the drop in the average price

last real estate recesssion GTA Toronto

December 2008 Sales figures

October 2008 Sales figures

September 2008 Sales figures

August 2008 Sales figures

July 2008 Sales figures

May 2008 Sales figures

April 2008 Sales figures

March 2008 Sales figures

February 2008 Sales figures

January 2008 Sales figures

 See 2007 year sales figures
See 2006 year sales figures
See 2005 year sales figures
See 2004 year sales figures

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

Mississauga January 2008

There were 647 sales in Mississauga this January, a decline of three per cent over the first month of 2007. The average price came in at $339,655, a one per cent increase over the same time-frame last year. Of these sales, 196 were of detached homes which averaged $516,190, up eight per cent over January '07.

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.

 

January 22, 2009

Region

Area Sales

Av. Price

 

East

123

$278,453

 

West

221

$323,384

 

Central

88

$432,270

 

North

93

$375,131

 

Total

525

$340,275

 

NOTE: Please note these are preliminary figures. Minor adjustments may be required at month's end.

For comparison purposes, see last year in February below.
February 28, 2008

Region

Area Sales

Average Price

 

East

391

$300,867

 

West

627

$358,062

 

Central

268

$504,817

 

North

300

$419,670

 

Total

1,586

$380,654

 

NOTE: Please note these are preliminary figures. Minor adjustments may be required at month's end.

 

 

 

 

 

 

 

 

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.

 

 

average prices 2008

average prices 2007   

 


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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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: Friday, December 1, 2017 10:13 PM
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