Mid September 2011 GTA MLS Sales

Gordon Shirbon
Broker

Coldwell Banker Terrequity Realty, Brokerage
Independently owned and operated

211 Consumers Rd., Ste. 105 , Toronto, ON M2J 4G8

Direct: (416)495-2280 Phone: (416) 496-9220 Fax: (416) 496-2144 Toll: (800) 496-9220

Mid September 2011 GTA MLS Sales

September 19, 2011 - Updated: September 19, 2011

Toronto, September 16, 2011 – Toronto Real Estate Members reported 3,149 sales for the first half of September, an increase of over 25 % compared to the the same period of September 2010. New listings were up by 14 per cent at 6,890, compared to last year.
The average selling price in the first half of September was $454,194 – an increase of 11 per cent compared to the same period in September 2010. Affordability in the short term is assured by indications that interest rates are not due to rise before the end of 2012 or even in to 2013. 11% price increase is not sustainable in the long term. My fervent hope is that rising prices will tempt more sellers into the market and redress the current imbalance between the numbers of Buyers and Sellers.

TorontoMLS® Sales and Average Price September 1 - 14

2011 2010

Sales Average Price Sales Average Price

City of Toronto ("416") 1,232 $464,825 943 $430,406

Rest of GTA ("905") 1,917 $447,362 1,567 $396,329

GTA 3,149 $454,194 2,510 $409,132

Source: Toronto Real Estate Board

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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.

Summary of TorontoMLS Sales and Average Price
March 1 - 31
2012				2011
Sales		Average Price		Sales		Average Price
City of Toronto ("416")	3,682		$548,354		3,610		$498,050
Rest of GTA ("905")	6,008		$477,006		5,376		$428,155
GTA	9,690		$504,117		8,986		$456,234

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

Summary of TorontoMLS® Sales and Average Price
December 1-31			2011				2010
Sales		Ave. Price			Sales			Ave. Price
City of Toronto "416"	1,948			$474,270		1,818			$463,580
Rest of GTA "905"	2,770			$435,378		2,468			$411,383
GTA	4,718			$451,436		4,286			$433,523