Report on last months NewsGTA Resale Housing Sales Up |
This charts below show the historical annual price and sales volumes to current month:
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Report as of Sunday, October 11, 2020In this Issue of my newsletter |
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
See more at this page about average prices and read the TREB full price and data report below. |
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PRESS RELEASE: Sales & Price Growth Continue last monthSee the full press release below. Please refer to this page to see a graph of Average prices and More |
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This is the full price and data report from TREB for last monthGTA REALTORS® RELEASE MONTHLY RESALE HOUSING MARKET FIGURES TREB RELEASES RESALE MARKET FIGURES AS REPORTED BY GTA REALTORS® GTA REALTORS® RELEASE SEPTEMBER STATS TORONTO, ONTARIO, October 6, 2020 – Toronto Regional Real Estate Board President Lisa Patel announced that sales reported through TRREB’s MLS® System by Greater Toronto Area REALTORS® amounted to 11,083 – a new record for the month of September. This result was up by 42.3 per cent compared to September 2019. Following a record third quarter, sales through the first nine months of 2020 were up by approximately one per cent “Improving economic conditions and extremely low borrowing costs sustained record-level sales in September, as we continued to account for the substantial amount of pent-up demand that resulted from the spring downturn. Further improvements in the economy, including job growth, would support strong home sales moving forward. However, it will be important to monitor the trajectory of COVID-19 cases, the related government policy response, and the impact on jobs and consumer confidence,” said Ms. Patel. Year-over-year sales growth in September continued to be driven by ground-oriented market segments, including detached and semi-detached houses and townhouses. Annual growth rates were also higher for sales reported in the GTA regions surrounding the City of Toronto. The September 2020 MLS® Home Price Index Composite Benchmark was up by 11.6 per cent year-over-year. The average selling price for all home types combined in September was $960,772 – up by 14 per cent year-over-year. Price growth was driven by the low-rise market segments. The relatively better supplied condominium apartment segment experienced a comparatively slower pace of price growth. “On a GTA-wide basis, market conditions tightened in September relative to last year, with sales increasing at a faster pace than new listings. With competition between buyers increasing noticeably, double-digit year-over-year price growth was commonplace throughout the region in September, resulting in the overall average selling price reaching a new record,” said Jason Mercer, TRREB’s Chief Market Analyst. Mark |
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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
Below is a Graph showing TREB Historical Average Price Data
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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
Update: The figures are in for 2019 I've updated the graph below to reflect these changes....stay tuned!
Average was estimated to be $717,000 by 2020 and the average price will be over $900,000 by 2026 !
Below were the estimates of the market increase in 2012
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
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
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.
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.
TREB MLS® Active Residential Listings at Month-‐End
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