Normalising Market

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

Normalising Market

June 17, 2010 - Updated: June 17, 2010

June 3, 2010 -- Greater Toronto REALTORS® reported 9,470 sales through the Multiple Listing Service® (MLS®) in May, representing a one per cent dip from May 2009. In comparison to previous years, this was the third highest May sales result on record.
As predicted the market is becoming more normal. More listings, more choice and buyers are being more measured in their response. As we move through 2010 year on year comparisons to 2009 become more meaningful. First quarter of '09 was slow, first quarter of '10 was insane. Price increases are still being recorded but as unit sales drop then average price will moderate, perhaps even a modest decline very much later in the year when increased interest rates take hold. The economy looks good, employment looks good, consumer confidence looks good. The only worry is that there is too much good news. The penalty of living in the best country on the planet.
New listings were up 38 per cent annually to 18,940. The average price for May transactions was $446,593 – up 13 per cent compared to the average of $395,609 recorded in May 2009.

Median Price
In May, the median price was $376,750, from the $337,000 recorded during May of 2009.

Filed under: sales hose prices gta

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MID - JANUARY GTA MLS

GTA REALTORS® RELEASE MONTHLY MARKET FIGURES

TORONTO, February 3, 2012 – Toronto Real Estate Board reported 4,567 MLS sales in January 2012, up 8.8 % from the 4,199 sales reported in January 2011.

The average transaction price for January 2012 was $463,534 – up by almost 9% compared to January 2011.

The hope was that higher prices would produce more listings as the market tries to find equilibrium. But as usual the Buyers are out before the sellers are ready and the resulting imbalance has caused an immoderate price increase and heartache for buyers as they are again forced to compete for scarce listings.

Summary of TorontoMLS® Sales and Average Price
January 1 - 31
2012				2011
Sales		Average Price		Sales		Average Price
City of Toronto ("416")	1,705		$499,045		1,677		$446,458
Rest of GTA ("905")	2,862		$442,380		2,522		$412,000
GTA	4,567		$463,534		4,199		$425,762

ed 1,506 MILS during the first two weeks of January 2012., a 6% increase over the first 14 days of January 2011. New listings were also

2011 GTA MARKET REPORT

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