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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

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

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

Report as of Wednesday, December 4, 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

This 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 $843,637 (it was $852,142 the previous month) and this represents a 7.1% increase compared to previous same month last year - see graph of prices here

Greater Toronto Area REALTORS® reported 7,090 (it was 8,491 last month) residential sales through TREB’s MLS® System last month. This result represents about a 14.2% increase compared to sales reported in the same month in 2018

The MLS® Home Price Index (HPI) Composite benchmark price was up by 6.8 per cent on a year-over-basis.

The Bank Prime rate for most lenders now stands at 6.95% read more about Interest rates

The Bank of Canada Prime Lending Rate is the same as last month at 4.75% 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®

GTA REALTORS® Release November 2019 Stats

TORONTO, December 4, 2019 - Toronto Real Estate Board President Michael Collins announced that Greater Toronto Area REALTORS® reported 7,090 sales through TREB’s MLS® System in November 2019 – a 14.2 per cent increase compared to November 2018. On a GTA-wide basis, sales were up year-over-year for all major market segments. Annual sales growth in groundoriented home types, including detached houses, led the way.

The average selling price increased by 7.1 per cent year-over-year to $843,637.

The MLS® Home Price Index Composite Benchmark increased by 6.8 per cent yearover- year.

Both the MLS® HPI and the average selling price for the TREB market area as a whole experienced the strongest annual rates of price growth for the year in November.

New listings entered into TREB’s MLS® System in November and the active listings count at the end of the month went in the opposite direction compared to last year, with new listings down 17.9 per cent year-over-year and active listings down 27.2 per cent.

“An increasing number of home buyers impacted by demand-side policies over the past three years, including the 2017 Ontario Fair Housing Plan and the OSFI mortgage stress test, have moved back into the market for ownership housing. Based on affordability and stricter mortgage qualification standards, many buyers may have likely adjusted their preferences, changing the type and/or location of home they ultimately chose to purchase,” said Mr. Collins.

As market conditions continued to tighten in November 2019, with increased sales up against an increasingly constrained supply of listings, the annual rate of price growth continued to accelerate.

“Strong population growth in the GTA coupled with declining negotiated mortgage rates resulted in sales accounting for a greater share of listings in November and throughout the second half of 2019. Increased competition between buyers has resulted in an acceleration in price growth. Expect the rate of price growth to increase further if we see no relief on the listings supply front,” said Jason Mercer, TREB’s Chief Market Analyst.

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!
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
Read a report showing how much has the price of real estate escalated in the past 25 years!
This is an in depth analysis of how and if establishing the impact of housing markets on an economy
(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

Mississauga District Prices

As of March 2019, the estimated price increase is this: 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 $851,500 by 2020 and $1,260,309 by 2030!

Update: The figures are in for 2019 I've updated the graph below to reflect these changes....stay tuned!

Below is the estimate as of March 2019

TREB Average Price Estimate

Below is the estimate in 2016 of how the prices may increase in the future

Average was estimated to be $717,000 by 2020 and the average price will be over $900,000 by 2026 !

TREB Average Price Estimate

Below were the estimates of the market increase in 2012

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

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

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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Next Step in Selling Process

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 First created - Tuesday, July 16th, 1996 at 3:48:41 PM - Last Update of this website: Thursday, June 1, 2023 6:45 AM
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	Highlights of the latest report from TREB for the Residential Real Estate Market in the GTA The average selling price last month was $843,637 (it was $852,142 the previous month) and this represents a 7.1% increase compared to previous same month last year - see graph of prices here Greater Toronto Area REALTORS® reported 7,090 (it was 8,491 last month) residential sales through TREB’s MLS® System last month. This result represents about a 14.2% increase compared to sales reported in the same month in 2018 The MLS® Home Price Index (HPI) Composite benchmark price was up by 6.8 per cent on a year-over-basis. The Bank Prime rate for most lenders now stands at 6.95% read more about Interest rates The Bank of Canada Prime Lending Rate is the same as last month at 4.75% 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® GTA REALTORS® Release November 2019 Stats TORONTO, December 4, 2019 - Toronto Real Estate Board President Michael Collins announced that Greater Toronto Area REALTORS® reported 7,090 sales through TREB’s MLS® System in November 2019 – a 14.2 per cent increase compared to November 2018. On a GTA-wide basis, sales were up year-over-year for all major market segments. Annual sales growth in groundoriented home types, including detached houses, led the way. The average selling price increased by 7.1 per cent year-over-year to $843,637. The MLS® Home Price Index Composite Benchmark increased by 6.8 per cent yearover- year. Both the MLS® HPI and the average selling price for the TREB market area as a whole experienced the strongest annual rates of price growth for the year in November. New listings entered into TREB’s MLS® System in November and the active listings count at the end of the month went in the opposite direction compared to last year, with new listings down 17.9 per cent year-over-year and active listings down 27.2 per cent. “An increasing number of home buyers impacted by demand-side policies over the past three years, including the 2017 Ontario Fair Housing Plan and the OSFI mortgage stress test, have moved back into the market for ownership housing. Based on affordability and stricter mortgage qualification standards, many buyers may have likely adjusted their preferences, changing the type and/or location of home they ultimately chose to purchase,” said Mr. Collins. As market conditions continued to tighten in November 2019, with increased sales up against an increasingly constrained supply of listings, the annual rate of price growth continued to accelerate. “Strong population growth in the GTA coupled with declining negotiated mortgage rates resulted in sales accounting for a greater share of listings in November and throughout the second half of 2019. Increased competition between buyers has resulted in an acceleration in price growth. Expect the rate of price growth to increase further if we see no relief on the listings supply front,” said Jason Mercer, TREB’s Chief Market Analyst. All the Best! Mark