GTA REALTORS® RELEASE MONTHLY RESALE HOUSING FIGURES

 GTA REALTORS® RELEASE MONTHLY RESALE HOUSING FIGURES

TORONTO, October 5, 2015 -- Toronto Real Estate Board President Mark McLean announced that Greater Toronto Area REALTORS® reported a record number of transactions for the month of September through TREB’s MLS® System.  There was a combined 8,200 home sales reported for September 2015.  This result was up 2.5 per cent compared to September 2014.
TREB MLS® sales through the first nine months of 2015 amounted to 80,331, which also represented a record result and a 9.5 per cent increase compared to the first three quarters of 2014.
“We are on track for record home sales reported through TREB’s MLS® System this year.  Barring a drastic shift in the economy over the next three months, total transactions reported by TREB Members in 2015 are expected to be at or near the 100,000 mark.  This is a testament to the importance that GTA households put on home ownership as a long-term investment,” said Mr. McLean.
The MLS® Home Price Index (HPI) Composite Benchmark Price was up by 10.5 per cent year over year.  The average selling price for all home types combined was also up by 9.2 per cent annually to $627,395.  Growth in the MLS® HPI Composite Benchmark and the average price was driven by the low-rise market segments, including detached and semi-detached houses and townhouses.
“While September was the second straight month where annual growth in new listings outstripped annual growth sales, total active listings at the end of the month still remained below last year’s level.  This, coupled with the record pace of sales experienced so far this year, suggests that competition between buyers will remain strong as we move into the fourth quarter.  Expect strong rates of price growth to continue through the remainder of 2015 and into 2016,” said Jason Mercer, TREB’s Director of Market Analysis.

Summary of TorontoMLS Sales and Average Price
September 1 - 30, 2015

2015
2014

Sales
Average Price
New Listings
Sales
Average Price
New Listings
City of Toronto ("416")
3,137
674,922
6,816
3,051
625,971
6,571
Rest of GTA ("905")
5,063
597,947
9,261
4,950
542,653
9,000
GTA
8,200
627,395
16,077
8,001
574,424
15,571

TorontoMLS Sales & Average Price  By Home Type
September 1 - 30, 2015

Sales
Average Price

416
905
Total
416
905
Total







Detached
1,051
2,827
3,878
1,053,871
732,852
819,853
Yr./Yr. % Change
0.0%
0.9%
0.7%
10.7%
11.6%
11.2%
Semi-Detached
318
523
841
740,373
497,775
589,506
Yr./Yr. % Change
1.9%
2.5%
2.3%
7.3%
11.1%
9.2%
Townhouse
300
984
1,284
527,257
448,930
467,231
Yr./Yr. % Change
2.0%
6.3%
5.2%
10.8%
9.6%
9.7%
Condo Apartment
1,444
608
2,052
418,603
307,295
385,623
Yr./Yr. % Change
5.6%
2.4%
4.6%
5.6%
2.2%
5.0%


Composite (All Types)
Single-Family Detached
Single-Family Attached
Townhouse
Apartment
TREB Total
10.46%
12.01%
11.20%
9.85%
5.65%
Halton Region
9.39%
9.66%
9.77%
6.86%
-
Peel Region
9.68%
10.46%
10.94%
10.04%
3.26%
City of Toronto
8.62%
10.88%
8.54%
8.84%
5.95%
York Region
13.95%
14.73%
14.70%
12.30%
5.52%
Durham Region
13.51%
13.26%
14.71%
11.59%
11.58%
Orangeville
10.44%
11.24%
10.37%
-
-
South Simcoe County1
13.31%
12.54%
14.53%
-
-
Source: Toronto Real Estate Board




1South Simcoe includes Adjala-Tosorontio, Bradford West Gwillimbury, Essa, Innisfil and New Tecumseth
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