Tag Archives: Statistics

Toronto Real Estate Statistics: April 2008

Below are some Charts and Graphs looking at the Toronto Real Estate Boards statistics for the month of April 2008 using information taken from the MLS and include all Toronto Districts. Within the next few days we will look at statistics for North York Condos in district C14 and some stats for the Condos on Harrison Garden Blvd.

April Number of Units Sold

Toronto Real Estate Statistics: April 2008 Units Sold

There were 9393 units sold in April, up over 2000 units over March’s total

April Average Days on Market

Toronto Real Estate Statistics: April 2008 Average Days on Market

April’s average days on market was 27.94, Down 2 days on average from March

April Sold to Asking Price Ratio

Toronto Real Estate Statistics:  April 2008 Average Selling to Asking Ratio

On average properties in Toronto sold for 98.52% of the Asking Price, the average is up marginally from March’s 98.34%.

April Average Selling Price

Toronto Real Estate Statistics:  April 2008 Average Selling Price

The average selling price for real estate in Toronto jumped almost $21,000 in April to $404,614.

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Toronto Real Estate Board May Update: GTA Resale Housing Market Moderate in May

May 20, 2008 — Moderate sales and healthy price increases continued to characterize the GreaterToronto Area resale housing market during the first half of May, Toronto Real Estate Board President Maureen O’Neill announced today.

“With 4,422 sales throughout the GTA in the first two weeks of this month, activity has declined 12 per cent compared to the 5,003 homes sold during the first half of May 2007,” said Ms. O’Neill. “Prices however, continue to be strong, averaging $400,817 in the GTA, up six per cent from the $377,612 reported a year ago.”

In the City of Toronto, there were 1,734 sales, representing a 15 per cent decline from the 2,053 homes sold during the first half of May 2007 and an 11 per cent decline from 006. The average price in the 416 is $437,205, up six per cent from $412,701 a year ago.

In the 905 Region, there were 2,688 sales, down nine per cent from 2,950 a year ago but up four per cent from the same period in 2006. At $377,688, the average price is up seven per cent from the $353,192 recorded during the same timeframe in May of 2007.

Despite moderate sales overall, some neighbourhoods experienced heightened activity during the first half of May. The GTA is showing signs for a healthy 2008 compared to the diminished activity during the first quarter of 2008.

The Danforth (E03) saw sales increase 29 per cent overall compared to the same timeframe a year ago due to strong detached home sales.

Interest in detached homes also led Streetsville (W20) to a five percent overall sales increase compared to a year ago.

In the Annex (C02) transactions rose 39 per cent compared to the same period a year ago, driven by strong condominium apartment and detached home sales.

Richmond Hill South (N03) saw strong sales in most property types resulting in a three per cent increase compared to a year ago.

“In recent years, homebuyers have faced a major challenge with respect to limited selection,” said Ms. O’Neill.

“Now though, inventory is up 11 per cent compared to a year ago, which has resulted in more choice for home buyers and will a positive effect on the quality of available listings.”

A wider selection from which to choose has also resulted in increased Days on Market, which has risen to 35 from last year’s 28.

“The Greater Toronto Area offers a wide array of housing stock to fit almost any budget; I encourage anyone thinking of making a move to contact their REALTOR® to learn more about all of their options.”

Source: TREB (Toronto Real Estate Board)

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Toronto Real Estate Board Market Update for April 2008

GTA resale housing market moderate in April, but prices up

May 5, 2008 — With 8,762 houses sold in the Greater Toronto Area, April’s resale housing activity was down seven per cent from the record 9,452 transactions from the same timeframe a year ago, Toronto Real Estate Board President Maureen O’Neill announced today.

“The market is showing signs for a healthy 2008 compared to the diminished activity we saw in the first quarter of the year,” said Ms. O’Neill. “We continue to experience a supply and demand situation and to-date, it remains a sellers market.”

Sales activity however, was markedly different in the 416 and 905 regions. With 3,467 transactions in the City of Toronto, sales were down 10 per cent from a year ago. The 905 region was down five per cent from April 2007 sales, with 5,295 homes changing hands.

April’s GTA average price was $398,687, up eight per cent from the same period a year ago. In the City of Toronto, the average price was $446,781, up six per cent from last April. In the 905 region the average price increased five per cent compared to a year ago, to $367,196.

Several neighbourhoods experienced strong sales in April.

Scarborough East (E08) saw an eight per cent overall sales increase compared to April 2007, driven by robust detached home sales.

Caledon (W28) experienced a 15 per cent increase compared to the same timeframe a year ago as a result of strong condominium sales.

Condominium sales also drove Willowdale (C07) to a 32 per cent increase from a year ago.

In Thornhill sales increased eight per cent from last April due to strong detached home sales. “The number of listings on the Toronto Real Estate Board’s Multiple Listing Service has increased to 24,539, up seven per cent from a year ago, which is good for homebuyers, who will find a greater range of options in the market,” said Ms. O’Neill. “With prices continuing to appreciate and increased listing inventory there are favourable factors in today’s market for consumers.”

Source: TREB (Toronto Real Estate Board) 

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Toronto Real Estate Statistics: MLS District C14 March 2008, North York

Below are some charts and graphs using information from the Toronto Real Estate Board for MLS District C14 in North York.  Later in the week we will look at East York’s E03 and E02 in the Beaches and North Yorks C15 will be near the end of the week.

Average Days on Market

North York Real Estate Statistics March 08, average days on market

March saw the average days on market for C14 drop down to 21.33 days from last months 27.94.

Units Sold

North York Real Estate Statistics, March 08 Units Sold

There were 140 units sold in C14, up slightly from February’s 135 units sold.

Selling to Asking Ratio

North York Real Estate Statistics, c14, March08, Selling to Asking Ratio

Sellers on average were getting 99.68% of there asking price in march.  Slightly higer than the 99.48% they were getting in February.

Average Selling Price

North York Real Estate Statistics, c14, March 08, Average Selling Price

The average selling price for c14 in March was $402, 385, up from February’s $389,919.

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Toronto Real Estate MLS Statistics: March 2008

It is time to look at some Toronto real estate statistics.  Below are graphs using information taken from the MLS and include all Toronto Districts.  Starting tomorrow you will be able to find the same information broken down district by district starting with C14 and will include all the C districts and E01-E03.  As always you can get this information broken down by street or postal code, just contact me for more personalised information. 

March Number of Units Sold 

Toronto Number of Units Sold March 08

There were 7011 units sold in March, up from 6527 in February

March Average Days on Market

Toronto Average Days on Market March 08

March’s average days on market was 29.76, Down from 30.91 in February

March Sold to Asking Price Ratio

Toronto Average asking to selling price ratio march 08

On average properties in Toronto sold for 98.36% of the Asking Price, the average is up marginally from February’s 98.32%.

March Average Selling Price 

Toronto Average Selling Price March 08

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Toronto Real Estate Board Mid April Update: GTA resale housing market down but still healthy

April 17, 2008 — The Greater Toronto Area resale housing market saw 3,955 homes change hands in the first half of April, down five per cent from the same time period last year, Toronto Real Estate Board President Maureen O’Neill announced today.

“The first half of April brought sales activity within five per cent of mid-April 2007,” said Ms. O’Neill.

In the City of Toronto sales are down 11 per cent compared to a year ago, with 1,514 transactions taking place. Inthe 905 suburbs, sales are down just over one per cent to 2,441 for mid-month April 2008 from 2,477 sales midmonth April 2007.

Throughout the GTA prices have risen seven per cent compared to the same timeframe last year, to an average of $399,117. In the City of Toronto the average stands at $454,211 up 10 per cent over mid-April 2007. The 905 Region has seen a six per cent increase compared to a year ago, with a current average price of $364,939.

The number of listings on the market is one per cent greater than last year with current inventory sitting at 22,985.

This indicates that inventory is on the rise. The positive news is homeowners are selling their homes with an average of 28 Days on Market compared to 30 a year ago. The slight increase in inventory levels and house prices are encouraging factors.

A number of GTA neighbourhoods showed strong sales activity during the first half of this month.

Willowdale (C07) saw a 75 per cent overall increase in transactions, driven by strong, detached, condo-apartment, and condo-townhouse sales.

In Vaughan/Thornhill (N02), transactions increased by 53 per cent compared to mid-April 2007, as a result of strong detached home sales.

Strong detached home sales also drove Brampton East (W24) to 37 per cent compared to the same timeframe a year ago.

In Riverdale (E01) transactions are up 10 per cent, also as a result of strong detached home sales.

“We’re also seeing sellers achieve on average 99 per cent of their asking price, which is one per cent higher than a year ago,” said Ms. O’Neill. “April’s numbers point to a stable, healthy market for the Greater Toronto Area this spring. However TREB still remains wary of the Land Transfer Tax in Toronto.”

Source: TREB (Toronto Real Estate Board)

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Toronto Real Estate Statistics: February C14 North York

Below are some statistics for North York real estate from february 2008.  The stats provided look at the Toronto Real Estate Boards MLS district C14 roughly located between Highway 401 north to Steeles and Yonge Street, east to Bayview.  

North York C14 Units Sold

During february 2008 there were 132 units sold, up from 124 sold during January. 

 February 08 C14 MLS Units Sold

C14 Average Days on Market

The average days on market in February 08 was 28.42, which is down from 29.48 in January

February 08 C14 Average Days on Market

C14 Average Asked to Sold Ratio

Home owners in North York C14 are getting about 99.51% of asking price.  Which is down slightly from Januarys 99.57 %.

Febraury 08 Average Sold to asked ratio C14

C14 Average Median Selling Price

The average median selling price for february 2008 in c14 was $327,000.00, which is up from $292,500.00 in January.

February 08 C14 Average Median Price

C14 Average Selling Price

February saw the average C14 selling price increase to $392,529.00 over January 2008 average of $366,488.00

February 08 C14 Average Selling Price

This information is be broken down into street by street statistics.  Let me know if you would like the results for your street or neighbourhood anywhere in Toronto.

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Toronto Real Estate Statistics: February 2008

Its that time of the month again, time to show some graphs from February 2008’s Toronto Real Estate Board’s numbers.  Just a reminder, if you are looking to buy or sell your Toronto Home or Toronto Condo, the charts below can be custom made for your distict, your street or your neighbourhood.  Now, lets take a look at some graphs. 

Toronto Real Estate Average Days on Market

Toronto Real Estate February 2008 Average Days on Market 

The average days on market for February was 30.78.  Down 10.65% over the same time period in 2007.

Toronto Real Estate  February Number of Units Sold

Toronto Real Estate Statistics February 2008, Number of Units Sold

The number of units sold in February was 6424,  Down 12.59 % over the same period last year.

Toronto Real Estate February Sold to Asked Ratio

Toronto Real Estate Statistics February 2008, Average Sold to asked ratio

The Sold to Asking price ratio for February was 98.34 %.  Up .31% over the same time period last year.

Toronto Real Estate February Average Median Selling Price

Toronto Real Estate Statistics February 2008, Median Selling Price

The average median selling price for February was $330,000.00. Up 5.77% over the same time period 2007.

Toronto Real Estate February Average Mean Selling Price

Toronto Real Estate Statistics February 2008, Average Mean Selling Price

The average mean selling price in february is $385,770.00.  Up 3.45% over February 2007.

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Toronto Real Estate Statistics: TREB reports 800,000 square foot plus month

 March 11, 2008 — In February, TREB Members reported 844,348 square feet of space leased through the TorontoMLS system, Commercial Council Chair Garry Lander announced today. “This figure is up marginally over January’s 842,475 square foot total, and we should see those figures climb even higher as the IC&I Spring market gradually takes off.”Lease rates remained relatively unchanged from their year-ago levels, with Industrial space trading for $5.84 sfn and commercial space going for $15.23 sfn.

Sales Market Highlights

In February, TREB Members reported 63 sales of IC&I properties. Of these, 38 were Industrial properties of all size categories, which averaged $109.38 per square foot. This compares with a price of $72.57 per square foot derived from non-MLS sources.

Source: TREB (Toronto Real Estate Board)

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Toronto Real Estate Board MLS Update: GTA Resale Housing Down but Healthy

March 5, 2008 — President Maureen O’Neill announced today, Toronto Real Estate Board Members recorded 6,015 resale home transactions last month, down 11 per cent in the Greater Toronto Area overall , 14 per cent in the City of Toronto and 9 per cent in the 905 suburbs compared to February 2007.

“To get an accurate perspective of current market conditions, a number of factors have to be considered,” said Ms. O’Neill. “With 18,018 properties available for sale, inventory has decreased seven per cent from last February.

“This indicates that despite moderate sales, there is not an over-supply of homes on the market. Generally, properties that are listed are selling fairly quickly and with a list to sale price ratio of 99 per cent, for the most part, sellers are realizing their asking price,” O’Neill added.

Despite the decrease in the number of sales from this time last year, there was positive news with respect to prices in February. At $382,048 in the Greater Toronto Area and $424,235 in the City of Toronto, the average price increased four and two per cent respectively compared to February 2007. As well, the time on market in February was 30 days compared to 35 days a year ago.

Despite the overall decline, some GTA neighbourhoods experienced strong sales in February.

In Pickering (E13) sales rose 28 per cent overall compared to a year ago due to a strong increase in condo townhouse and condo-apartment transactions.

Strong condo-apartment sales also drove transactions in Rexdale (W10) to an overall increase of 18 per cent compared to February 2007.

Richmond Hill North (N05) experienced a 19 per cent sales increase compared to a year ago primarily as a result of strong detached home transactions.

“All economic indicators are in place for an active year in the GTA, and as the weather improves sales are expected to increase as well,” said Ms. O’Neill.

Source:  TREB (Toronto Real Estate Board)

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