NEWS RELEASE
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.
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.
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Summary of TorontoMLS
Sales and Average Price
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September 1 - 30, 2015
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2015
|
2014
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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
|
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Rest of
GTA ("905")
|
5,063
|
597,947
|
9,261
|
4,950
|
542,653
|
9,000
|
|
GTA
|
8,200
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627,395
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16,077
|
8,001
|
574,424
|
15,571
|
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TorontoMLS Sales & Average Price
By Home Type
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September 1 - 30, 2015
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Sales
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Average Price
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|||||
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416
|
905
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Total
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416
|
905
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Total
|
|
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Detached
|
1,051
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2,827
|
3,878
|
1,053,871
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732,852
|
819,853
|
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Yr./Yr. % Change
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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
|
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Yr./Yr. % Change
|
2.0%
|
6.3%
|
5.2%
|
10.8%
|
9.6%
|
9.7%
|
|
Condo
Apartment
|
1,444
|
608
|
2,052
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418,603
|
307,295
|
385,623
|
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Yr./Yr. % Change
|
5.6%
|
2.4%
|
4.6%
|
5.6%
|
2.2%
|
5.0%
|
|
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Composite (All Types)
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Single-Family Detached
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Single-Family Attached
|
Townhouse
|
Apartment
|
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TREB
Total
|
10.46%
|
12.01%
|
11.20%
|
9.85%
|
5.65%
|
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Halton Region
|
9.39%
|
9.66%
|
9.77%
|
6.86%
|
-
|
|
Peel
Region
|
9.68%
|
10.46%
|
10.94%
|
10.04%
|
3.26%
|
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City of
Toronto
|
8.62%
|
10.88%
|
8.54%
|
8.84%
|
5.95%
|
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York
Region
|
13.95%
|
14.73%
|
14.70%
|
12.30%
|
5.52%
|
|
Durham
Region
|
13.51%
|
13.26%
|
14.71%
|
11.59%
|
11.58%
|
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Orangeville
|
10.44%
|
11.24%
|
10.37%
|
-
|
-
|
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South
Simcoe County1
|
13.31%
|
12.54%
|
14.53%
|
-
|
-
|
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Source:
Toronto Real Estate Board
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1South
Simcoe includes Adjala-Tosorontio, Bradford West Gwillimbury, Essa, Innisfil and New Tecumseth
If you are looking for buying, selling or investing real estate in Greater Toronto area, look no further. Your search for real estate agent ends here.
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