October 2011 GTA Resale 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

October 2011 GTA Resale Sales

November 3, 2011

Toronto, November 3, 2011 – TorontoMLS®reported 7,642 home sales in October 2011. An increase of 17.5 % over the 6,504 transactions reported in October 2010. This will put us on course for the second best, if not the best, year in Board history. Average transaction price was $478,137 up 8% over the same period last year. An rate of increase slightly below the last 2 months - a good thing, reflecting the increase in active listings. Interest rates remain low and are likely to remain so throughout 2012. Demand remains brisk as affordability remains a sustainable level.

Summary of TorontoMLS® Sales and Average Price
October 1 - 31
2011 2010

                                                                                      Sales                         Average Price                  Sales                             Average Price
City of Toronto ("416")                                                3,124                             $522,606                    2,690                                $490,660
Rest of GTA ("905" )                                                   4,518                             $447,388                    3,814                                $409,043
GTA                                                                            7,642                             $478,137                    6,504                                $442,799

Tagged with: mls average price units sold

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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