1. SINGLE FAMILY RESIDENTIAL BREAKDOWN
January 2010 1.3 % 7.4% %
26.4 % 0.3
0.1 %
Sales Start Off Strong in 2010
TORONTO - Wednesday, February 3, 2010 7.4 %
Greater Toronto REALTORS® The average home selling price in
reported 4,986 transactions January 2010 climbed 19 per cent 10.6 % 46.4 %
through the Multiple Listing Service to $409,058, compared to 343,632
(MLS®) in January 2010. This in the same month last year.
result represented a large increase
“Expect strong annual 2.3 %
growth rates Dwelling Type Sales % Median
over the 2,670 sales in January 21.5 %
7.0 % %
0.3
for existing home sales and average 0.1 % Single Detached 2,314
Detached 99 $445,000
2009 when the home sales were in
price through the first quarter as we Semi Detached
Semi-Detached 529 100 $345,500
a recessionary trough. Last month’s
continue to make comparisons to Condo T.H.
Condo Townhouse 370 99 $272,000
sales were slightly higher than the
the weak market conditions at the
8.5 %
Condo Apt.
Condo Apt 1,318 99 $270,000
January average in the five years Link
beginning of 2009,” said Jason Link 67 99 $347,200
preceding 2009. Attached/Row
Mercer, TREB’s Senior Manager of Att/Row/Twnhouse 370 100 $328,500
Co-op Apt.
“The GTA housing market has Market Analysis. “The rate of sales %
12.0 % 48.3
Co-op Apt 14 98 $178,500
Detached Condo
Det Condo 4 97 $272,500
rebounded well from the lows in and price growth will be lower in
sales experienced at the beginning the second half of 2010.”
of 2009. Sales climbed back Housing Market Indicators
Jan. 2009 Jan. 2010 %Change
to healthy levels across the GTA
because the cost of home ownership Median Price Sales
New Listings
2,670
10,360
4,986
10,021
(87%)
(-3%)
remained affordable in the Toronto Active Listings* 20,450 12,052 (-41%)
In January, the median price Days on Market 49 28 (-43%)
area,” said TREB President Tom
* All figures for single-family dwellings.
Lebour. “Increasingly confident was $350,000, from the
consumers moved to take advantage $303,000 recorded during
Inside
of affordable home ownership.” January of 2009. n
District Map ............................................................. 2
Annual Average and Median Price Price Category Breakdown......................................2
East District ............................................................. 3
West District ............................................................ 6
Toronto District ......................................................10
500000 Average Median
North District..........................................................12
400000 Annual Summary ...................................................16
300000 Single Family Comparison ....................................16
200000
100000
0
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
16. District Totals
New Active Listed Sales $ Volume Avg Price Med Price Avg DOM Avg Month
Grand Total 10,021 12,052 N/A 4,986 2,039,564,515 409,058 350,000 28 99
Year N/A N/A 9,962 4,986 2,039,564,515 409,058 350,000 28 99
Annual Summary - Single Family
Year *Number of Sales *Average Price Year *Number of Sales *Average Price
1976 19,025 $61,389 2009
1977 20,512 $64,559 January 2,670 $343,632
1978 21,184 $67,333 February 4,120 $361,305
1979 23,466 $70,830 March 6,171 $362,050
1980 26,017 $75,694 April 8,107 $385,641
1981 29,625 $90,203 May 9,589 $395,609
1982 25,336 $95,496 June 10,955 $403,972
1983 30,046 $101,626 July 9,967 $395,414
1984 31,905 $102,318 August 8,035 $387,921
1985 45,509 $109,094 September 8,196 $406,877
1986 52,919 $138,925 October 8,476 $423,559
1987 43,475 $189,105 November 7,446 $418,460
1988 49,381 $229,635 December 5,541 $411,931
1989 38,960 $273,698
1990 26,779 $255,020 Total** 87,308 $395,460
1991 38,144 $234,313
1992 41,703 $214,971 2010
1993 38,990 $206,490 January 4,986 $409,058
1994 44,237 $208,921
1995 39,273 $203,028 Year-to-Date** 4,986 $409,058
1996 55,779 $198,150
1997 58,014 $211,307
1998 55,344 $216,815
1999 58,957 $228,372
2000 58,343 $243,255
2001 67,612 $251,508
2002 74,759 $275,231
2003 78,898 $293,067
2004 83,501 $315,231
2005 84,145 $335,907
2006 83,084 $351,941
2007 93,193 $376,236
2008 74,552 $379,347
* Due to District revisions, caution should be exercised when undertaking historical comparisons. Please refer to appropriate maps.
**This figure may not equal the sum of all monthly totals, as the year-to-date total reflects sales reported in error and deals that have fallen through since January 1st.
Single Family Dwelling Sales Comparison
Sales Active Listing Average Price
15000 500000
35000
13500
30000
12000
425000
10500 25000
9000
20000
7500 350000
6000 15000
4500 10000 275000
3000
5000
1500
0 0 200000
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
2009 2010 2009 2010
16 TORONTO REAL ESTATE BOARD