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TREB (Toronto Real Estate Board) Average Single Family Historical Home Prices and trends for Toronto, GTA 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



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

2018-monthly-statistics-average-prices-and-sales-volumes

2018-monthly-statistics-average-prices-and-sales-volumes

2018-monthly-statistics-average-prices-and-sales-volumes

2017-monthly-statistics-average-prices-and-sales-volumes

 

 
Report as of Tuesday, March 5, 2019

In this Issue of my newsletter

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

Year over Year Summary Table (to date)

Year over year summary of single family residential sales

Year over year 2018 TREB Sales Activity Average Price

 

2017-monthly-statistics-average-prices-and-sales-volumes

 

historical annual price and sales volumes since 2001 to 2017

 

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 selling price last month was $780,397 (it was $748,328 the previous month) and it was up about 1.6% compared to previous same month last year - see graph of prices here

  • Greater Toronto Area REALTORS® reported 5,025 (it was 4,009 last month) residential sales through TREB’s MLS® System last month. This result represented a 2.4% decrease compared to sales reported in the same month in 2018.

  • The Bank Prime rate for most lenders now stands at 3.95% read more about Interest rates

  • The Bank of Canada Prime Lending Rate is the same as last month at 1.75% read more


    read more about interest rates in Canada

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

GTA REALTORS® RELEASE MONTHLY RESALE HOUSING MARKET FIGURES

TREB RELEASES RESALE MARKET FIGURES AS REPORTED BY GTA REALTORS®

TORONTO, ONTARIO, March 5, 2019 – Toronto Real Estate Board President Gurcharan (Garry) Bhaura announced that Greater Toronto Area REALTORS® reported 5,025 homes sold through TREB’s MLS® System in February 2019. This sales total was down by 2.4 per cent on a year-overyear basis. Sales were also down compared to January 2019 following preliminary seasonal adjustment.

“The OSFI mandated mortgage stress test has left some buyers on the sidelines who have struggled to qualify for the type of home they want to buy. The stress test should be reviewed and consideration should be given to bringing back 30 year amortizations for federally insured mortgages. There is a federal budget and election on the horizon. It will be interesting to see what policy measures are announced to help with home ownership affordability,” said Mr. Bhaura.

Despite sales being down year-over-year, new listings actually declined by a greater annual rate.

This suggests that market conditions became tighter compared to last year. Tighter market conditions continued to support year-over-year average price growth.

Both the MLS® Home Price Index Composite Benchmark and the average selling price were up modestly on a year-over-year basis in February 2019. The MLS® HPI Composite Benchmark was up by 2.4 per cent year-over-year.

The average selling price for all home types combined was up by 1.6 per cent over the same period. Price growth was driven by the condominium apartment segment and higher density low-rise home types. On a preliminary seasonally adjusted basis the average selling price was down compared to January 2019.

“Home sales reported through TREB’s MLS® System have a substantial impact on the Canadian economy. A study conducted by Altus for TREB found that, on average, each home sale reported through TREB resulted in $68,000 in spin-off expenditures accruing to the economy. With sales substantially lower than the 2016 record peak over the last two years, we have experienced a hit to the economy in the billions of dollars, in the GTA alone. This hit has also translated into lower government revenues and, if sustained, could impact the employment picture as well,” said Jason Mercer, TREB’s Director of Market Analysis and Service Channels.

The rental market continued to operate in a high demand, low inventory environment during the first two months of 2019. Strong competition between renters resulted in average rents for onebedroom and two-bedroom apartments leased through TREB’s MLS® System increasing wellabove the rate of inflation on a year-over-year basis for the January-February period. The average one-bedroom rent was up by 8.1 per cent to $2,145. The average two-bedroom rent was up by 7.4 per cent to $2,810.

“With vacancy rates hovering in the one per cent range and average rents increasing in the high single digits, it is clear that signing a lease for a rental unit is not an easy proposition in the GTA.

While some rent control provisions have been relaxed by the new provincial government, policy makers need to look at further initiatives to encourage rather than discourage investment in rental apartments. A recent Ipsos survey conducted for TREB found that almost one-quarter of investment property owners are very likely to list their property for sale this year, which is concerning in an already tight rental market,” said TREB CEO John DiMichele.

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.
 

 


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

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
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

 

Of Mississauga’s 240,660 households, 66,655 or 27.7 per cent were renters in 2016, earning an annual income of $58,272. The average cost of rent and utilities per month for Mississauga renters came in at $1,281 compared to $1,109 for the rest of Ontario.

 

https://www.bramptonguardian.com/news-story/8599132-rental-housing-supply-and-affordability-in-mississauga-and-brampton-are-critical-/

TREB (Toronto Real Estate Board) Boundaries Districts and Service Districts and Areas

TREB Boundaries Districts Service Area

Historic Sales Figures

 

Rental Market indicators in the GTA


This chart shows the breakdown of single family residential sales (detached, semi's, townhomes and condos) for last month.
summary of sales last month

 

TREB MLS® Active Residential Listings at Month-­‐End

TREB MLS Active Residential Listings

 

Archived issues of my TREB Market Watch reports

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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: Wednesday, May 1, 2019 8:20 AM
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