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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:

2021-monthly-statistics-average-prices-and-sales-volumes

Report as of Monday, February 7, 2022

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
Real Estate Prices UP and Sales Volume UP - Mississauga and GTA Real Estate Newsletter December 2021 - Issue 12:09
This months Real Estate Update brings more positive news from our real estate market here in Mississauga, Toronto and the GTA. Enjoy and I wish you all the best! Mark

The average selling price for last month was $1,163,323 (it was $1,155,345 last month) and this represents nearly a 22% increase compared to previous same month last year. see graph of prices here

Greater Toronto Area REALTORS® reported 9,017 sales (it was 9,783 last month) residential sales through TRREB's MLS® System last month. This result represents a 3.3 per cent above the November 2020 result, setting a new record. In contrast, new listings were down by 13.2 per cent year-over-year, with double-digit declines for low-rise home types and condominium apartments.

The MLS® Home Price Index Composite Benchmark was up by 28.3 per cent year-over-year.

The Bank of Canada last dropped the overnight prime rate by in March. The Bank of Canada Prime Lending Rate remains steady at 4.75% read more The Bank Prime rate for most lenders now stands at 6.95%

read more about interest rates in Canada

Summary of 2020:

The average selling price for all of 2020 reached a new record of $929,699 up by 13.5 per cent compared to 2019.

A total of 95,151 sales were reported through the TRREB MLS® System in 2020 up by 8.4 per cent compared to 2019.

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 HOME SALES HIT NEW NOVEMBER RECORD WHILE LISTINGS DROP

TRREB Calls for Action on Housing Supply Crunch

TORONTO, ONTARIO, December 3, 2021 – Home sales reached a new record for the month of November, and the average selling price also reached a new all-time high. New listings were down substantially compared to last year for all market segments – further highlighting the inherent supply issue across all home types in the Greater Toronto Area (GTA).

GTA REALTORS® reported 9,017 home sales through TRREB’s MLS® System in November 2021 – 3.3 per cent above the November 2020 result, setting a new record. In contrast, new listings were down by 13.2 per cent year-over-year, with double-digit declines for low-rise home types and condominium apartments.

The MLS® Home Price Index composite benchmark was up by 28.3 per cent year-over-year in November 2021. The average selling price for all home types combined was $1,163,323 – up by 21.7 per cent compared to November 2020.

“Governments at all levels must take coordinated action to increase supply in the immediate term to begin addressing the supply challenges of today, and to work towards satisfying growing demand in the future. The GTA remains the primary destination for new immigrants and is at the centre of the Canadian economy. For far too long, governments have focused on short-term bandaid policies to artificially suppress demand. Current market activity highlights decisively that these policies do not work, and unless governments work together to cut red tape, streamline the approval processes, and incentivize mid-density housing, ongoing housing affordability challenges will escalate. On this point, we commend the City of Toronto for moving forward with initiatives to facilitate the creation of more mid-density home types, including their current consultations on options to encourage more multiplex development across the city,” said TRREB President Kevin Crigger.

“A key difference this year compared to last year, is how the condo segment continues to tighten and experience an acceleration in price growth, particularly in suburban areas. This speaks to the broadening of economic recovery, with first-time buyers moving back into the market in a big way this year. The condo and townhouse segments, with lower price points on average, will remain popular as population growth picks up over the next two years,” said TRREB Chief Market Analyst Jason Mercer.

“As population and housing demand continues to grow in the GTA, it will be important to support the fabric of our region’s neighbourhoods. This can be partially accomplished by bringing on line a greater diversity of housing choices. However, in addition, local businesses also need support, and TRREB was encouraged to see the new small business property tax class approved by the City of Toronto. This will be an important tool for post-pandemic recovery,” said TRREB CEO John DiMichele.

Mark

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.

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 same 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

Archived issues of my TREB Market Watch reports

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Next Step in Selling Process

Sept, '51 da 2021

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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