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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:

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

Report as of Thursday, May 5, 2016

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

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 price for last month was $739,082 (it was $688,181 the previous month) and this represents aver a 16.2% increase compared to the same month last year- see graph of prices here

Sales volumes were 12,085 (it was 10,326 last month) and this an 7.4% increase from the same month last year

The 2015 calendar year total number of sales was 101,299 – a substantial 9.2 per cent increase compared to 2014 as a whole

There were 22,575 sales in the first quarter of 2016 and the year-over-year growth rate for sales was 15.8 per cent for Q1 2016.

The Bank of Canada Prime Lending Rate now stands at 2.70% 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

Record Home Sales in April

TORONTO, May 4, 2016 – Toronto Real Estate Board President Mark McLean announced that there were 12,085 sales reported through TREB’s MLS® System in April 2016. This result, which represented a record for the month of April, was up by 7.4 per cent in comparison to April 2015.

For the TREB market area as a whole, annual sales growth was experienced for all major home types except semi-detached houses. In the City of Toronto, sales were down for detached and semi-detached houses as well as townhouses on a year-over-year basis.

This dip in sales in the ‘416’ area code was due to a lack of low-rise listings. Many would-be buyers were not able to find a home that met their needs.

“While April’s sales result represented a new record for sales, that number could have been even higher if we had benefitted from more supply. In the City of Toronto in particular, some households have chosen not to list their home for sale because of the second substantial Land Transfer Tax and associated administration fee.

The lack of available inventory, coupled with record sales, continued to translate into robust annual rates of price growth,” said Mr. McLean.

Home selling prices continued to trend upward in April. The MLS® Home Price Index Composite Benchmark was up by 12.6 per cent year-over-year.

The average selling price was up by 16.2 per cent. The higher growth rate reported for the average home price, as compared to the MLS® HPI, points to a greater share of high-end home sales this year compared to last.

“As we move into the busiest time of the year, in terms of sales volume, strong competition between buyers will continue to push home prices higher. A greater supply of listings would certainly be welcome, but we would need to see a number of consecutive months in which listings growth outpaced sales growth before market

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

Historic Sales Figures

Rental Market indicators in the GTA

This chart shows the breakdown of single family residential sales for last month.

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 price for last month was $739,082 (it was $688,181 the previous month) and this represents aver a 16.2% increase compared to the same month last year- see graph of prices here Sales volumes were 12,085 (it was 10,326 last month) and this an 7.4% increase from the same month last year The 2015 calendar year total number of sales was 101,299 – a substantial 9.2 per cent increase compared to 2014 as a whole There were 22,575 sales in the first quarter of 2016 and the year-over-year growth rate for sales was 15.8 per cent for Q1 2016. The Bank of Canada Prime Lending Rate now stands at 2.70% 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 Record Home Sales in April TORONTO, May 4, 2016 – Toronto Real Estate Board President Mark McLean announced that there were 12,085 sales reported through TREB’s MLS® System in April 2016. This result, which represented a record for the month of April, was up by 7.4 per cent in comparison to April 2015. For the TREB market area as a whole, annual sales growth was experienced for all major home types except semi-detached houses. In the City of Toronto, sales were down for detached and semi-detached houses as well as townhouses on a year-over-year basis. This dip in sales in the ‘416’ area code was due to a lack of low-rise listings. Many would-be buyers were not able to find a home that met their needs. “While April’s sales result represented a new record for sales, that number could have been even higher if we had benefitted from more supply. In the City of Toronto in particular, some households have chosen not to list their home for sale because of the second substantial Land Transfer Tax and associated administration fee. The lack of available inventory, coupled with record sales, continued to translate into robust annual rates of price growth,” said Mr. McLean. Home selling prices continued to trend upward in April. The MLS® Home Price Index Composite Benchmark was up by 12.6 per cent year-over-year. The average selling price was up by 16.2 per cent. The higher growth rate reported for the average home price, as compared to the MLS® HPI, points to a greater share of high-end home sales this year compared to last. “As we move into the busiest time of the year, in terms of sales volume, strong competition between buyers will continue to push home prices higher. A greater supply of listings would certainly be welcome, but we would need to see a number of consecutive months in which listings growth outpaced sales growth before market All the Best! Mark