Toronto Real Estate Market Statistics for January 2012. Focus on East End Toronto Homes and East End Toronto Real Estate. The Toronto Beaches, Riverdale, Leslieville, Danforth Village, East Danforth, Danforth Mosaic.
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Toronto real estate statistics january 2012
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Economic Indicators Strong Sales/Price Growth Continue in 2012 TorontoMLS® Sales Activity1,7
Real GDP Growthi TORONTO, February 3, 2012 — Greater Toronto REALTORS® reported 4,567
sales through the TorontoMLS® system in January 2012. This number was 8.8
Q3 2011 t 3.5%
per cent higher than the 4,199 sales reported in January 2011. Sales growth
Toronto Employment Growthi i was strongest for low-rise home types in the regions surrounding the City of
Toronto.
December 2011 u -0.6% 4,567 4,199
“A favourable affordability picture bolstered by very low posted fixed
Toronto Unemployment Rate
mortgage rates has kept home buyers confident in their ability to achieve the
December 2011 t 8.6% Canadian goal of home ownership,” said Toronto Real Estate Board President
ii Richard Silver.
Inflation (Yr./Yr. CPI Growth)
December 2011 u 2.3% “The buyer pool remains diverse in the GTA with strong interest in home types
across the pricing spectrum,” continued Silver. January 2012 January 2011
iii
Bank of Canada Overnight Rate
The average selling price for January 2012 transactions was $463,534 – up by
January 2012 q 1.0% almost nine per cent compared to January 2011. TorontoMLS® Average Price1,7
iv
Prime Rate “Low inventory levels have kept competition between buyers strong, resulting
January 2012 q 3.0% in robust annual rates of price growth over the last year. Strong price growth
is expected to attract more listings. A better supplied market should result in a
iv
$463,534
Mortgage Rates (Jan. 2012) slower rate of price growth, especially in the second half of 2012,” said Jason
$425,762
Chartered Bank Fixed Rates Mercer, the Toronto Real Estate Board’s Senior Manager of Market Analysis.
1 Year q 3.50%
1,7
3 Year q 4.05% Sales & Average Price By Major Home Type
5 Year q 5.29%
January 2012
Sources and Notes: Sales Average Price
i
Statistics Canada, Quarter-over-quarter 416 905 Total 416 905 Total January 2012 January 2011
growth, annualized
Detached 559 1,577 2,136 $743,993 $530,129 $586,098
ii
Statistics Canada, Year-over-year growth 1,7
for the most recently reported month
Yr./Yr. % Change 9% 15% 13% 15% 5% 8% Year-Over-Year Summary
Semi-Detached 157 336 493 $526,599 $377,456 $424,952 2012 2011 % Chg.
iii
Bank of Canada, Rate from most recent
Yr./Yr. % Change -5% 16% 8% 6% 11% 7% Sales 4,567 4,199 8.8%
Bank of Canada announcement
iv
Townhouse 194 531 725 $410,129 $340,957 $359,467 New Listings 9,655 8,937 8.0%
Bank of Canada, rates for most recently
completed month Yr./Yr. % Change 10% 19% 16% 7% 10% 9% Active Listings 11,009 12,107 -9.1%
Condo Apartment 775 351 1,126 $343,835 $272,103 $321,475 Average Price $463,534 $425,762 8.9%
Yr./Yr. % Change -2% 1% -1% 5% 7% 5% Average DOM 32 36 -9.9%
2. Toronto Real Estate Board
SALES BY PRICE RANGE AND HOUSE TYPE1,7 JANUARY 2012
Price Range Detached Semi-Detached Att/Row/Twnhouse Condo Townhouse Condo Apt Link Co-op Apt Det Condo Co-ownership Apt Total
$0 to $99,999 0 0 1 1 19 0 0 0 1 22
$100,000 to $199,999 39 11 1 59 171 1 2 0 1 285
$200,000 to $299,999 221 45 82 127 378 19 3 0 2 877
$300,000 to $399,999 396 189 111 115 339 15 2 1 0 1,168
$400,000 to $499,999 445 169 98 39 121 22 0 0 0 894
$500,000 to $599,999 345 37 36 14 50 13 0 1 0 496
$600,000 to $699,999 222 14 18 3 20 3 0 1 0 281
$700,000 to $799,999 137 12 7 4 3 0 0 0 0 163
$800,000 to $899,999 98 11 2 1 10 0 0 0 0 122
$900,000 to $999,999 51 1 2 0 4 0 0 0 0 58
$1,000,000 to $1,249,999 65 3 2 0 9 0 0 0 0 79
$1,250,000 to $1,499,999 50 0 0 0 1 0 0 0 0 51
$1,500,000 to $1,749,999 27 0 2 0 1 0 0 0 0 30
$1,750,000 to $1,999,999 14 0 0 0 0 0 0 0 0 14
$2,000,000 + 26 1 0 0 0 0 0 0 0 27
Total Sales 2,136 493 362 363 1,126 73 7 3 4 4,567
Share of Total Sales 46.8% 10.8% 7.9% 7.9% 24.7% 1.6% 0.2% 0.1% 0.1% -
Average Price $586,098 $424,952 $414,790 $304,296 $321,475 $397,451 $236,929 $515,000 $185,875 $463,534
SALES BY PRICE RANGE AND HOUSE TYPE1,7 YEAR-TO-DATE, 2012
Price Range Detached Semi-Detached Att/Row/Twnhouse Condo Townhouse Condo Apt Link Co-op Apt Det Condo Co-ownership Apt Total
$0 to $99,999 0 0 1 1 19 0 0 0 1 22
$100,000 to $199,999 39 11 1 59 171 1 2 0 1 285
$200,000 to $299,999 221 45 82 127 378 19 3 0 2 877
$300,000 to $399,999 396 189 111 115 339 15 2 1 0 1,168
$400,000 to $499,999 445 169 98 39 121 22 0 0 0 894
$500,000 to $599,999 345 37 36 14 50 13 0 1 0 496
$600,000 to $699,999 222 14 18 3 20 3 0 1 0 281
$700,000 to $799,999 137 12 7 4 3 0 0 0 0 163
$800,000 to $899,999 98 11 2 1 10 0 0 0 0 122
$900,000 to $999,999 51 1 2 0 4 0 0 0 0 58
$1,000,000 to $1,249,999 65 3 2 0 9 0 0 0 0 79
$1,250,000 to $1,499,999 50 0 0 0 1 0 0 0 0 51
$1,500,000 to $1,749,999 27 0 2 0 1 0 0 0 0 30
$1,750,000 to $1,999,999 14 0 0 0 0 0 0 0 0 14
$2,000,000 + 26 1 0 0 0 0 0 0 0 27
Total Sales 2,136 493 362 363 1,126 73 7 3 4 4,567
Share of Total Sales 46.8% 10.8% 7.9% 7.9% 24.7% 1.6% 0.2% 0.1% 0.1% -
Average Price $586,098 $424,952 $414,790 $304,296 $321,475 $397,451 $236,929 $515,000 $185,875 $463,534
Page 3 July 2010
Market Watch, January 2012 2