1. SINGLE FAMILY RESIDENTIAL BREAKDOWN
1.7 % 7.3% %
March 2010 23.1 % 0.2
0.1 %
Record First Quarter Sales
TORONTO - Tuesday, April 6, 2010 8.0 %
Greater Toronto REALTORS® March. The number of new listings
reported 10,430 sales through the grew by 42 per cent compared to 11.9 % 47.6 %
Multiple Listing Service® (MLS®) in March of 2008.
March, pushing total first quarter
“The average home price in the
2010 sales to 22,418 – the best
GTA will continue to grow this year,
2.3 % 7.0 % Dwelling Type Sales % Median
result on record under the current
but the pace% will slow as we 0.3 % %
21.5 move
0.1 Single Detached 4,968
Detached 99 $458,000
Toronto Real Estate Board (TREB)
through the spring,” said Jason Semi Detached
Semi-Detached 1,241 101 $360,500
boundaries. The average price for
Mercer, TREB’s Senior Manager of Condo T.H.
Condo Townhouse 837 99 $285,000
March transactions was $434,696.
Market Analysis. “As growth in new Condo Apt.
Condo Apt 2,411 99 $282,800
The average price for the first quarter 8.5 %
listings starts to outstrip growth in Link
Link 177 101 $369,000
was $427,948.
sales, buyers will experience more Attached/Row
Att/Row/Twnhouse 765 100 $350,000
“The strong rebound in the existing choice, resulting in more sustainable %
12.0 % Co-op Apt.
Co-op Apt 22 100 $222,500
48.3
home market was one of the initial single digit rates of average price Detached Condo
Det Condo 9 97 $503,000
drivers of economic recovery,” said growth.”
TREB President Tom Lebour. “While Housing Market Indicators
we don’t expect to see the same Mar. 2009 Mar. 2010 %Change
rates growth moving forward, GTA
households will remain confident
Median Price Sales
New Listings
6,171
13,357
10,430
18,914
(69%)
(42%)
Active Listings* 23,642 18,684 (-21%)
in ownership housing as a quality Days on Market 40 20 (-50%)
In March, the median price
long-term investment, especially as * All figures for single-family dwellings.
economic recovery expands across was $370,000, from the
all industries.” $317,500 recorded during
The annual rate of growth for new March of 2009. n Inside
listings continued to accelerate in
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 18,914 18,684 N/A 10,430 4,533,882,560 434,696 370,000 20 100
Year N/A N/A 41,446 22,418 9,593,734,846 427,948 365,000 22 100
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 February 7,291 $431,509
1995 39,273 $203,028 March 10,430 $434,696
1996 55,779 $198,150
1997 58,014 $211,307 Year-to-Date** 22,418 $427,948
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
Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
2009 2010 2009 2010
16 TORONTO REAL ESTATE BOARD