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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

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:

2016-monthly-statistics-average-prices-and-sales-volumes

Report as of Thursday, July 13, 2017

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 2016 TREB Sales Activity Average Price

2015-monthly-statistics-average-prices-and-sales-volumes

historical annual price and sales volumes since 2001 to 2011

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 $770,745 (it was $730,472 the previous month) compared to January of last year. and this represents aver a 22.3% increase compared to the same month last year- see graph of prices here

The overall average selling price for calendar year 2016 was $729,922 – up 17.3 per cent compared to 2015

Greater Toronto Area REALTORS® reported 5,188 residential transactions through TREB's MLS® System in January 2017. This result was up by 11.8 per cent compared to 4,640 sales reported in January 2016

The Bank of Canada Prime Lending Rate now stands at 2.95% an increase for the first time since 2010 read more The rate had been 2.70% and steady (since July 2015) read more

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

November Home Sales Up Year-Over-Year

GTA REALTORS® RELEASE MONTHLY RESALE HOUSING MARKET FIGURES

Sales Up and Listings Up last month

Active Listings Increase in May
TORONTO, June 5, 2017 – Toronto Real Estate Board President Larry Cerqua announced that Greater Toronto Area REALTORS® reported 10,196 sales through TREB's MLS® System in May 2017 – down by 20.3 per cent compared to 12,790 sales reported in May 2016.

Sales of detached homes were down by 26.3 per cent. Sales of condominium apartments were down by 6.4 per cent.

Active listings – the number of properties available for sale at the end of May – were up by 42.9 per cent compared to the lowest level in 15 years recorded in May 2016, but remained below the average and peak during that period. The number increased considerably for low-rise home types including detached and semi-detached houses and townhouses. Active listings for condominium apartments were down compared to May 2016.

“Home buyers definitely benefitted from a better supplied market in May, both in comparison to the same time last year and to the first four months of 2017. However, even with the robust increase in active listings, inventory levels remain low. At the end of May, we had less than two months of inventory. This is why we continued to see very strong annual rates of price growth, albeit lower than the peak growth rates earlier this year,” said Mr. Cerqua.

Selling prices continued to increase strongly in May compared to the same month in 2016. The MLS® HPI Composite Benchmark price was up by 29 per cent year-over-year. The average selling price for all home types combined for the TREB Market Area as a whole was up by 14.9 per cent to $863,910. Year-over-year price increases were greater for condominium apartments compared to low-rise home types.

This likely reflects the fact that the low-rise market segments benefitted most from the increase in listings.

“The actual, or normalized, effect of the Ontario Fair Housing Plan remains to be seen. In the past, some housing policy changes have initially led to an overreaction on the part of homeowners and buyers, which later balanced out. On the listings front, the increase in active listings suggests that homeowners, after a protracted delay, are starting to react to the strong price growth we've experienced over the past year by listing their home for sale to take advantage of these equity gains,” said Jason Mercer, TREB's Director of Market Analysis.

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

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

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

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

Excellent, I am ready for an online evaluation

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
At this Mississauga, (Erin Mills, Churchill Meadows, Sawmill Valley, Credit Mills and or Meadowvale ) Ontario, Canada Real Estate Homes and Property Internet web site you will find relevant information to help you and your family.

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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 $770,745 (it was $730,472 the previous month) compared to January of last year. and this represents aver a 22.3% increase compared to the same month last year- see graph of prices here The overall average selling price for calendar year 2016 was $729,922 – up 17.3 per cent compared to 2015 Greater Toronto Area REALTORS® reported 5,188 residential transactions through TREB's MLS® System in January 2017. This result was up by 11.8 per cent compared to 4,640 sales reported in January 2016 The Bank of Canada Prime Lending Rate now stands at 2.95% an increase for the first time since 2010 read more The rate had been 2.70% and steady (since July 2015) read more 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 November Home Sales Up Year-Over-Year GTA REALTORS® RELEASE MONTHLY RESALE HOUSING MARKET FIGURES Sales Up and Listings Up last month Active Listings Increase in May TORONTO, June 5, 2017 – Toronto Real Estate Board President Larry Cerqua announced that Greater Toronto Area REALTORS® reported 10,196 sales through TREB's MLS® System in May 2017 – down by 20.3 per cent compared to 12,790 sales reported in May 2016. Sales of detached homes were down by 26.3 per cent. Sales of condominium apartments were down by 6.4 per cent. Active listings – the number of properties available for sale at the end of May – were up by 42.9 per cent compared to the lowest level in 15 years recorded in May 2016, but remained below the average and peak during that period. The number increased considerably for low-rise home types including detached and semi-detached houses and townhouses. Active listings for condominium apartments were down compared to May 2016. “Home buyers definitely benefitted from a better supplied market in May, both in comparison to the same time last year and to the first four months of 2017. However, even with the robust increase in active listings, inventory levels remain low. At the end of May, we had less than two months of inventory. This is why we continued to see very strong annual rates of price growth, albeit lower than the peak growth rates earlier this year,” said Mr. Cerqua. Selling prices continued to increase strongly in May compared to the same month in 2016. The MLS® HPI Composite Benchmark price was up by 29 per cent year-over-year. The average selling price for all home types combined for the TREB Market Area as a whole was up by 14.9 per cent to $863,910. Year-over-year price increases were greater for condominium apartments compared to low-rise home types. This likely reflects the fact that the low-rise market segments benefitted most from the increase in listings. “The actual, or normalized, effect of the Ontario Fair Housing Plan remains to be seen. In the past, some housing policy changes have initially led to an overreaction on the part of homeowners and buyers, which later balanced out. On the listings front, the increase in active listings suggests that homeowners, after a protracted delay, are starting to react to the strong price growth we've experienced over the past year by listing their home for sale to take advantage of these equity gains,” said Jason Mercer, TREB's Director of Market Analysis. All the Best! Mark