Greater Toronto REALTORS® reported 10,898 sales through the Multiple Listing Service® (MLS®) in April, representing a 34 per cent increase compared to April 2009. There were also 20,683 new listings in April – a 59 per cent annual increase.
Both the sales and new listings results amounted to new records for the month of April under the current Toronto Real Estate Board (TREB) boundaries.
The GTA resale market is functioning very well in current market conditions. Sales were high as buyers continued to take advantage of affordable home ownership opportunities and listings grew as home owners reacted to strong sales and price growth. Average days on market was 21 this year vs 37 for April 2009.
The average price for April transactions was $437,600 – up 13 per cent compared to the average of $385,641 recorded in April 2009. "Home sales continue to be driven by many different segments of the market, with sales growth for all major home types in both the City of Toronto and surrounding 905 regions," said Jason Mercer, TREB's Senior Manager of Market Analysis. "Home sales will remain strong in the second half of 2010, but will slip from the current record pace as borrowing costs rise.”
See below for sales by type of dwelling and by area..
Housing Market Trends by Type of Dwelling– Total GTA
Detached Jan‘10 Feb‘10 Mar’10 Apr’10
Average Price $445,000 $453,000 $541,535 $542,348
% chge vs Yr Ago +22% +22% +24% +14%
Semi-detached Jan‘10 Feb‘10 Mar’10 Apr’10
Average Price $345,500 $367,000 $396,825 $412,602
% chge vs Yr Ago +22% +22% +14 +19%
Condos Jan‘10 Feb‘10 Mar’10 Apr’10
Average Price $270,000 $285,000 $304,930 $307,770
% chge vs Yr Ago +19% +12% +17% +13%
District
Area Avge Selling Price April 2010 %chge Apr’10 vs
Apr’09
Total GTA $437,600 +13%
C01 Downtown $404,911 +17%
C02 Annex/Bloor W, etc $742,781 +16%
C03 Midtown $958,262 +27%
C04 North Toronto $846,157 +14%
C06 Dublin Heights/Willowdale $504,663 +6%
C08 Cabbagetown/Downtown $393,901 +16%
C09 Rosedale $1,340,350 +29%
C10 Davisville/ L. Park $804,975 +34%
C11 Leaside/Old East York $530,512 -5%
C12 Bayview/York Mills $1,518,902 +28%
E01 Riverdale/Leslieville $509,260 +21%
E02 The Beach/Leslieville $624,798 -3%
E03 Danforth/East York $434,605 +23%
Condo Sales
C01 Downtown Core $380,936 +16%
C08 St Lawrence/Downtown $361,975 +13%
C07-14 Yonge Sheppard $351,588 +17%
C15 Bayview Sheppard $309,526 +16%
Source: Toronto MLS
Sunday, May 9, 2010
Saturday, May 8, 2010
Thursday, March 11, 2010
The recovery continues –
Toronto real estate sales and prices are continuing strong recovery from the recessionary lows experienced last year. There a lot of active buyers, but still a shortage of new listings and this is resulting in many properties selling within days, often with more than one offer. A very frustrating situation for buyers.
If history repeats itself, we will be seeing lot of new listings coming to market after the school spring breaks are finished. So, keep your fingers crossed for a much more balanced market in April, May and June.
Greater Toronto real estate sales were 7,291 in February, representing a 77 per cent increase over February 2009. The average price for these transactions was up 19 per cent year-over-year to $431,509.
The increases were spread across the GTA marketplace and represented strong activity from all market segments, including first time buyers, those trading up from condos to houses and also those consumers who were downsizing.
Details by type of home and by area are available on my website www.torontocentralhomes.ca
Contact me if you would like more specific information for your neighborhood.
Toronto real estate sales and prices are continuing strong recovery from the recessionary lows experienced last year. There a lot of active buyers, but still a shortage of new listings and this is resulting in many properties selling within days, often with more than one offer. A very frustrating situation for buyers.
If history repeats itself, we will be seeing lot of new listings coming to market after the school spring breaks are finished. So, keep your fingers crossed for a much more balanced market in April, May and June.
Greater Toronto real estate sales were 7,291 in February, representing a 77 per cent increase over February 2009. The average price for these transactions was up 19 per cent year-over-year to $431,509.
The increases were spread across the GTA marketplace and represented strong activity from all market segments, including first time buyers, those trading up from condos to houses and also those consumers who were downsizing.
Details by type of home and by area are available on my website www.torontocentralhomes.ca
Contact me if you would like more specific information for your neighborhood.
Tuesday, February 23, 2010
Buyer Confidence Boosts GTA Home Sales!
Mid Feb 2010
"Home ownership demand remains strong in the GTA, as households remain confident that economic recovery is at hand and that owning a home will continue to be a quality long-term investment," said Toronto Real Estate Board President Tom Lebour.
The Greater Toronto Area MLS™ sales were 3,555 during the first two weeks of February 2010. This represented a 74 per cent increase compared to the same period in 2009 when resale transactions had dipped due to the recession. The February mid-month sales total was also 7.7 per cent above the previous high set in 2006.
The average price for February mid-month transactions was $429,997 - an 18 per cent increase over 2009. New Listings within the Toronto Real Estate Board boundaries were up 15 per cent, helping to satisfy some of the buyer demand.
"Double-digit price increases will persist through the first quarter of the year," said Jason Mercer, TREB's Senior Manager of Market Analysis. "However, as new listings continue to increase creating a better supplied market, we will see the annual rate of price growth moderate into the single digits."
In North York, total housing resales in January increased by +166% vs the same period last year. The average price was $492,251, which was +21% above last year.
As shown in the chart below, these increases were spread across most of the North York region. Much of this was led by very strong condo sales along the Sheppard Subway line corridor.
North York Sales and Prices by Neighbourhood
Neighbourhood January Average Price % Price change vs ‘09
Willowdale/Newtonbrook C14
$457,923
+38%
Willowdale/Lansing C07 $416,147 +7%
Dublin Heights/Bathurst C06 $518,172 +5%
Bayview Village C15 $439,856 +15%
York Mills C12 $1,427,850 +61%
Don Mills C13 $385,482 +8%
Downsview W05 $292,887 +5%
Condo Sales
Yonge Sheppard C07 – C14 $340,538 +23%
Bayview Sheppard C15 $335,964 +13%
Source: Toronto MLS
Mid Feb 2010
"Home ownership demand remains strong in the GTA, as households remain confident that economic recovery is at hand and that owning a home will continue to be a quality long-term investment," said Toronto Real Estate Board President Tom Lebour.
The Greater Toronto Area MLS™ sales were 3,555 during the first two weeks of February 2010. This represented a 74 per cent increase compared to the same period in 2009 when resale transactions had dipped due to the recession. The February mid-month sales total was also 7.7 per cent above the previous high set in 2006.
The average price for February mid-month transactions was $429,997 - an 18 per cent increase over 2009. New Listings within the Toronto Real Estate Board boundaries were up 15 per cent, helping to satisfy some of the buyer demand.
"Double-digit price increases will persist through the first quarter of the year," said Jason Mercer, TREB's Senior Manager of Market Analysis. "However, as new listings continue to increase creating a better supplied market, we will see the annual rate of price growth moderate into the single digits."
In North York, total housing resales in January increased by +166% vs the same period last year. The average price was $492,251, which was +21% above last year.
As shown in the chart below, these increases were spread across most of the North York region. Much of this was led by very strong condo sales along the Sheppard Subway line corridor.
North York Sales and Prices by Neighbourhood
Neighbourhood January Average Price % Price change vs ‘09
Willowdale/Newtonbrook C14
$457,923
+38%
Willowdale/Lansing C07 $416,147 +7%
Dublin Heights/Bathurst C06 $518,172 +5%
Bayview Village C15 $439,856 +15%
York Mills C12 $1,427,850 +61%
Don Mills C13 $385,482 +8%
Downsview W05 $292,887 +5%
Condo Sales
Yonge Sheppard C07 – C14 $340,538 +23%
Bayview Sheppard C15 $335,964 +13%
Source: Toronto MLS
Thursday, February 18, 2010
GTA REALTORS® REPORT MID-FEBRUARY RESALE HOUSING MARKET FIGURES
TORONTO, February 18, 2010 --
Greater Toronto REALTORS reported 3,555 sales through the Multiple Listing Service during the first two weeks of February.
This represented a 74 per cent increase compared to the 2,044 sales recorded during the same period in 2009 when resale transactions had dipped due to the recession.
The February mid-month sales total was also 7.7 per cent above the previous high set in 2006. "Home ownership demand remains strong in the GTA, as households remain confident that economic recovery is at hand and that ownership housing will continue to be a quality long-term investment," said Toronto Real Estate Board President Tom Lebour.
The average price for February mid-month transactions was $429,997 - an 18 per cent increase over 2009. New Listings within the Toronto Real Estate Board boundaries were up 15 per cent to 6,212.
"Double-digit price increases will persist through the first quarter of the year," said Jason Mercer, TREB's Senior Manager of Market Analysis. "However, as new listings continue to increase creating a better supplied market, we will see the annual rate of price growth moderate into the single digits."
Source: Toronto Real Estate Board
TORONTO, February 18, 2010 --
Greater Toronto REALTORS reported 3,555 sales through the Multiple Listing Service during the first two weeks of February.
This represented a 74 per cent increase compared to the 2,044 sales recorded during the same period in 2009 when resale transactions had dipped due to the recession.
The February mid-month sales total was also 7.7 per cent above the previous high set in 2006. "Home ownership demand remains strong in the GTA, as households remain confident that economic recovery is at hand and that ownership housing will continue to be a quality long-term investment," said Toronto Real Estate Board President Tom Lebour.
The average price for February mid-month transactions was $429,997 - an 18 per cent increase over 2009. New Listings within the Toronto Real Estate Board boundaries were up 15 per cent to 6,212.
"Double-digit price increases will persist through the first quarter of the year," said Jason Mercer, TREB's Senior Manager of Market Analysis. "However, as new listings continue to increase creating a better supplied market, we will see the annual rate of price growth moderate into the single digits."
Source: Toronto Real Estate Board
Thursday, January 7, 2010
January 2010 Toronto Market Update
Real Estate Continues to be a Great Investment!
Sales and prices for real estate in the Greater Toronto Area continued to show strong recovery in December. Sales for 2009 were 87,308 which was 17% above last year and the second highest level ever achieved in Toronto.
The average selling price in December was $411,931 which represented a 14% increase over the previous December. Listings are still in short supply and if we see a good supply of listings in 2010 we should continue to see strong market growth throughout the year.
As the economy recovers from the global meltdown of last year the strong housing market continues to outpace the gains we see in the TSX stock market.
In the past four years since January 2006, stock prices on the Toronto TSX index have increased 4.2% while the median house price has increased a phenomenal 22.8%.
Much of this increase has come from more moderate priced homes and from condos as sales in more expensive neighbourhoods, while showing good recovery, continue to lag the market.
Changes by neighbourhood are shown in the tables below.
Summary of December Sales and Average Prices by Area
December 2009 vs 2008 Sales %chge Average Price % chge
City of Toronto ("416") 2,403 +117% $441,607 +14%
Rest of GTA ("905") 3,138 +116% $389,205 +14%
Source: Toronto Real Estate Board
District
Area Dec ’09 vs Dec ‘08
Avge Selling Price Dec 2009 Price
%chge Nov’09 vs Nov ‘08
Sales Price & chge
Total GTA +114% $411,931 +14% Days on Market
C01 Downtown +159% $415,916 +17% 24
C02 Annex/Bloor W, etc +92% $845,180 +14% 29
C03 Midtown +95% $802,051 +52% 23
C04 North Toronto +66% $846,204 +3% 23
C06 Dublin Heights/Willowdale +270% $502,312 +39% 23
C08 Cabbagetown/Downtown +78% $387,183 +22% 24
C09 Rosedale +188% $1,467,913 +3% 27
C10 Davisville/ L. Park +113% $681,761 +44% 18
C11 Leaside/Old East York +92% $420,984 +3% 24
C12 Bayview/York Mills +150% $1,768,428 -14% 27
E01 Riverdale/Leslieville +53% $459,128 +5% 17
E02 The Beach/Leslieville -4% $485,884 -4% 14
E03 Danforth/East York +6% $338,148 +6% 22
Condo Sales
C01 Downtown Core +153% $392,168 +18% 24
C08 St Lawrence/Downtown +78% $381,238 +32% 24
C07-14 Yonge Sheppard +136% $346,402 +25% 21
C15 Bayview Sheppard +258% $342,188 +19% 30
Source: Toronto MLS
Sales and prices for real estate in the Greater Toronto Area continued to show strong recovery in December. Sales for 2009 were 87,308 which was 17% above last year and the second highest level ever achieved in Toronto.
The average selling price in December was $411,931 which represented a 14% increase over the previous December. Listings are still in short supply and if we see a good supply of listings in 2010 we should continue to see strong market growth throughout the year.
As the economy recovers from the global meltdown of last year the strong housing market continues to outpace the gains we see in the TSX stock market.
In the past four years since January 2006, stock prices on the Toronto TSX index have increased 4.2% while the median house price has increased a phenomenal 22.8%.
Much of this increase has come from more moderate priced homes and from condos as sales in more expensive neighbourhoods, while showing good recovery, continue to lag the market.
Changes by neighbourhood are shown in the tables below.
Summary of December Sales and Average Prices by Area
December 2009 vs 2008 Sales %chge Average Price % chge
City of Toronto ("416") 2,403 +117% $441,607 +14%
Rest of GTA ("905") 3,138 +116% $389,205 +14%
Source: Toronto Real Estate Board
District
Area Dec ’09 vs Dec ‘08
Avge Selling Price Dec 2009 Price
%chge Nov’09 vs Nov ‘08
Sales Price & chge
Total GTA +114% $411,931 +14% Days on Market
C01 Downtown +159% $415,916 +17% 24
C02 Annex/Bloor W, etc +92% $845,180 +14% 29
C03 Midtown +95% $802,051 +52% 23
C04 North Toronto +66% $846,204 +3% 23
C06 Dublin Heights/Willowdale +270% $502,312 +39% 23
C08 Cabbagetown/Downtown +78% $387,183 +22% 24
C09 Rosedale +188% $1,467,913 +3% 27
C10 Davisville/ L. Park +113% $681,761 +44% 18
C11 Leaside/Old East York +92% $420,984 +3% 24
C12 Bayview/York Mills +150% $1,768,428 -14% 27
E01 Riverdale/Leslieville +53% $459,128 +5% 17
E02 The Beach/Leslieville -4% $485,884 -4% 14
E03 Danforth/East York +6% $338,148 +6% 22
Condo Sales
C01 Downtown Core +153% $392,168 +18% 24
C08 St Lawrence/Downtown +78% $381,238 +32% 24
C07-14 Yonge Sheppard +136% $346,402 +25% 21
C15 Bayview Sheppard +258% $342,188 +19% 30
Source: Toronto MLS
Wednesday, December 9, 2009
GTA Market Update December 2009
GTA sales and price recovery continues
We continue to see huge gains vs last year in both unit sales, +104%, and in the average selling price, +14, demonstrating the strength of the recovery in the Greater Toronto Area marketplace.
While these increases may look strange at first glance, but keep in mind that we are comparing against an abnormally weak period of time last year. The increases are spread across all housing types, reflecting both the pent up demand for housing, as well as higher confidence levels in our economy.
Single Family Price Breakdown – November 2009 vs 2008
Dwelling Type
Median Price – November ‘09
% change
Detached
$445,000
+17
Semi-detached
$359,000
+11
Condo Apartments
$270,000
+19
Condo Townhouses
$268,500
+9
Attached/Row Townhouses
$331,000
+12
There are still a lot of buyers waiting in the wings at all price levels. Listings continue to run well below historical levels and many buyers are having difficulty locating their next dream home. This is a very positive sign for the market as we look forward to next year’s spring market.
Historically, we are presently moving into a slower period of the year as both buyers and sellers become preoccupied with seasonal holiday events and winter vacations. This can be a great time to ramp up your home search as there may not be as much competitive pressure when you do find that wonderful new home. .
Please have a look at the sales information by area below. The strength that we are enjoying is widespread throughout the GTA region.
Contact me if you would like at customized look at your own neighborhood.
Sincerely,
Armand Gilks
Summary of November Sales and Average Prices by Area
November 2009 vs 2008
Sales
%chge
Average Price
% chge
City of Toronto ("416")
3,212
+110%
$450,079
+15%
Rest of GTA ("905")
4,234
+100%
$394,474
+12%
Source: Toronto Real Estate Board
District
Area
Sales % chge Nov ’09 vs Nov ‘08
Avge Selling Price Nov 2009
Price %chge Nov’09 vs Nov ‘08
Total GTA
+104%
$418,460
+15%
C01 Downtown
+134%
$423,359
+22%
C02 Annex/Bloor W, etc
+92%
$755,715
+16%
C03 Midtown
+50%
$747,877
-25%
C04 North Toronto
+158%
$773,119
+35%
C06 Dublin Heights/Willowdale
+108%
$510,510
+/-0%
C08 Cabbagetown/Downtown
+123%
$384,226
+17%
C09 Rosedale
+215%
$1,096,266
-35%
C10 Davisville/ L. Park
+77%
$667,209
+22%
C11 Leaside/Old East York
+67%
$632,785
+43%
C12 Bayview/York Mills
+175%
$1,390,168
+36%
E01 Riverdale/Leslieville
+79%
$481,890
+9%
E02 The Beach/Leslieville
+48%
$574,949
+23%
E03 Danforth/East York
+98%
$390,381
+9%
We continue to see huge gains vs last year in both unit sales, +104%, and in the average selling price, +14, demonstrating the strength of the recovery in the Greater Toronto Area marketplace.
While these increases may look strange at first glance, but keep in mind that we are comparing against an abnormally weak period of time last year. The increases are spread across all housing types, reflecting both the pent up demand for housing, as well as higher confidence levels in our economy.
Single Family Price Breakdown – November 2009 vs 2008
Dwelling Type
Median Price – November ‘09
% change
Detached
$445,000
+17
Semi-detached
$359,000
+11
Condo Apartments
$270,000
+19
Condo Townhouses
$268,500
+9
Attached/Row Townhouses
$331,000
+12
There are still a lot of buyers waiting in the wings at all price levels. Listings continue to run well below historical levels and many buyers are having difficulty locating their next dream home. This is a very positive sign for the market as we look forward to next year’s spring market.
Historically, we are presently moving into a slower period of the year as both buyers and sellers become preoccupied with seasonal holiday events and winter vacations. This can be a great time to ramp up your home search as there may not be as much competitive pressure when you do find that wonderful new home. .
Please have a look at the sales information by area below. The strength that we are enjoying is widespread throughout the GTA region.
Contact me if you would like at customized look at your own neighborhood.
Sincerely,
Armand Gilks
Summary of November Sales and Average Prices by Area
November 2009 vs 2008
Sales
%chge
Average Price
% chge
City of Toronto ("416")
3,212
+110%
$450,079
+15%
Rest of GTA ("905")
4,234
+100%
$394,474
+12%
Source: Toronto Real Estate Board
District
Area
Sales % chge Nov ’09 vs Nov ‘08
Avge Selling Price Nov 2009
Price %chge Nov’09 vs Nov ‘08
Total GTA
+104%
$418,460
+15%
C01 Downtown
+134%
$423,359
+22%
C02 Annex/Bloor W, etc
+92%
$755,715
+16%
C03 Midtown
+50%
$747,877
-25%
C04 North Toronto
+158%
$773,119
+35%
C06 Dublin Heights/Willowdale
+108%
$510,510
+/-0%
C08 Cabbagetown/Downtown
+123%
$384,226
+17%
C09 Rosedale
+215%
$1,096,266
-35%
C10 Davisville/ L. Park
+77%
$667,209
+22%
C11 Leaside/Old East York
+67%
$632,785
+43%
C12 Bayview/York Mills
+175%
$1,390,168
+36%
E01 Riverdale/Leslieville
+79%
$481,890
+9%
E02 The Beach/Leslieville
+48%
$574,949
+23%
E03 Danforth/East York
+98%
$390,381
+9%
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