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1 - 14 November 2011 GTA MLS Sales, Average PriceNovember 16, 2011
TORONTO, November 16, 2011 – The TorontoMLS® system reported 3,379 transactions for the first two weeks of November, a more than a 13 % increase over the first half of November 2010. New listings were up 16 % for the same period continuing the market correction to redress the imbalance between supply and demand. This is reflected in the slowing of average transaction price increase to 10% over 2010 to $481,548 in November 2011. Bodes well for our market, as affordability will remain good. The Bank of Canada seems set to keep interest rates low for the foreseeable future.
Despite Global uncertainty, or maybe because of it, our market remains strong. Foreign investors are a big factor in especially the condo market, seeing Canada as a haven of stability in an unstable world.
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Summary of TorontoMLS® Sales and Average Price
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November 1 - 14
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2011
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2010
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Sales
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Average Price
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Sales
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Average Price
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City of Toronto ("416")
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1,424
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$526,540
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1,288
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$487,699
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Rest of GTA ("905")
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1,955
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$448,777
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1,694
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$399,350
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GTA
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3,379
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$481,548
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2,982
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$437,510
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April 2012 – GTA MLS Sales.
Toronto, May 3, 2012 – GTA Realtors® reported 10,350 MLS sales for April 2012, 18% higher than the 8,778 sales recorded in April 2011. Sales of single-detached homes were up by 22 % for an average sale price of $650,147.
The average transaction price for April 2012 was $517,556 – up 8.5 % over April 2011. Condo apartments were up by 4% to $339,978.
Affordability remains good and despite the usual hand wringing by the big banks over consumer indebtedness, interest rates look to remain low for the foreseeable future.
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Summary of TorontoMLS Sales and Average Price
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March 1 - 31
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2012
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2011
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Sales
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Average Price
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Sales
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Average Price
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City of Toronto ("416")
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3,682
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$548,354
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3,610
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$498,050
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Rest of GTA ("905")
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6,008
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$477,006
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5,376
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$428,155
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GTA
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9,690
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$504,117
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8,986
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$456,234
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2011 MLS
TORONTO, January 5, 2012 The Toronto Real Estate Board reported 4,718 MLS transactions through the TorontoMLS® system in December 2011. This gave a total of 89,347 for the year – up four per cent in comparison to 2010 and is the second best year on record under the current Toronto Real Estate Board (TREB) boundaries. This despite an extended shortage of listings. . We could have sold more had we the product and possibly kept the year on year price increase below 8%. An increase from the $431,276 of 2010 to $465,412 in 2011. A more sustainable 4% increase is forecast for 2012 to an average price in the $480,000’s
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Summary of TorontoMLS® Sales and Average Price
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December 1-31
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2011
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2010
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Sales
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Ave. Price
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Sales
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Ave. Price
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City of Toronto "416"
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1,948
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$474,270
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1,818
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$463,580
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Rest of GTA "905"
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2,770
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$435,378
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2,468
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$411,383
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GTA
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4,718
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$451,436
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4,286
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$433,523
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