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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

September Report - Once Again, More Records Broken!

August Sets New Record, Breaks 8,000 Sales

TORONTO - Thursday, September 6, 2007 -- August 2007 became the fifth record-setting month in a row, with 8,059 sales reported by TREB Members throughout the Greater Toronto Area, TREB President Donald Bentley announced today. "This figure is up 15 per cent over August of last year, and up seven per cent over the 7,498 sales recorded during the same month in 2005, which was the previous "best ever" performance for the month of August," said the President. "Summer of 2007 has been hands-down the most active holiday season for the resale market in the history of the Toronto Real Estate Board."

While sales roared ahead, prices remained affordable in August, with a recorded average of $361,890. This figure is up seven per cent over the $338,192 recorded during August of 2006. "While the last decade has seen five record breaking years, and a good possibility of a sixth in 2007, year-over-year prices increases have remained in the single digits. This kind of activity is sustainable for a long time."

 

August sets the stage for a strong autumn market !

September 6, 2007 -- More people in the Greater Toronto Area bought resale homes last month than in any August before, Toronto Real Estate Board President Donald Bentley announced today.

The 8,059 sales reported last month exceeded the previous best performance for August, set in 2005, by seven per cent.

August also brought year-to-date figures up 13 per cent over the same period last year. So far this year 67,146 homes have sold as compared to 59,488 at this time in 2006. The pace is also 13 per cent ahead of the same timeframe in 2005, which became the best year on record.

"With five consecutive record-breaking months, spring and summer activity was unprecedented and given the strong economic fundamentals that remain in place, we have tremendous confidence in the autumn housing market," said Mr. Bentley.

The Greater Toronto Area's strongest sales activity in August took place in widely diverse neighbourhoods.

In West Agincourt (E05) a jump in the sale of detached homes and condo apartments resulted in a 34 per cent overall increase compared to last August.

An increase in the sale of detached homes and condo apartments also resulted in an overall increase of 52 per cent in High Park (W02).

In Toronto's Davisville (C10) the sale of semi-detached homes and condo apartments pushed overall activity in the district to a 58 per cent increase over August 2006.

Richmond Hill South (N03) showed a 43 per cent increase, led by condo apartment and detached home sales.

"Prices moderated in August, down approximately one per cent from the previous month, meaning that there will be many opportunities within reach during this autumn market," said Mr. Bentley.

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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

Average Price report for 2005

Average Price report for 2004

Mississauga District Prices

If Average prices continued to increase from 2006 at 4% per year, the average price would be over $460,000 in 7 years ( 2013)
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 2006

August 2007 Sales figures

July 2007 Sales figures

June 2007 Sales figures

May 2007 Sales figures

March 2007 Sales figures

February 2007 Sales figures

January 2007 Sales figures

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.


 

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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