September 2011 GTA Resale Homes Data

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

September 2011 GTA Resale Homes Data

October 6, 2011 - Updated: October 18, 2011

September 2011 Monthly Resale Data
Toronto, October 5, 2011 – The Toronto Real Estate Board reported 7,658 transactions through the TorontoMLS® system in September – a 25 per cent increase over September 2010. Sales during the first three quarters of 2011 amounted to 70,588, representing a 2.6 per cent increase compared to the first nine months of 2010.
Although we have experienced a 15% growth in listings over 2010, sales have grown by 25% and so Market conditions have become tighter causing the year on year average price to increase by nearly 10%
With annual growth in sales (+25 per cent) outstripping annual growth in new listings (+15 per cent) in September, market conditions became tighter and the average transaction price continued to grow by close to 10 per cent on a year-over-year basis to $495,686. We seem to be on track for the second best year for sales. A continuing strong economy and resulting job growth coupled with low interest rates are fueling the buying side of the market. The storm clouds of the Euro area debt crisis loom menacingly on the horizon but the potential fall out for the GTA is as yet unclear.

Summary of TorontoMLS® Sales and Average Price
                                                                      September 1 - 30
                                                           2011                                                       2010
                                               Sales                    Average Price                Sales                     Average Price
City of Toronto ("416")             3,114                    $495,486                      2,452                     $462,963

Rest of GTA ("905")                 4,544                    $444,592                      3,686                      $401,00

GTA 7,658 $456,369 6,138 $425,757

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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