Toronto Real Estate Market Statistics for July 2011. Focus on East End Toronto Homes and East End Toronto Real Estate. The Beaches, Riverdale, Leslieville, Danforth Village, East Danforth, Danforth Mosaic
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Toronto real estate statistics july 2011
1. For All TREB Member Inquiries:
(416) 443-8152
For All Media/Public Inquiries:
July 2011 (416) 443-8158
Economic Indicators July Sales and Average Price Up Compared to 2010 Total TorontoMLS®
Real GDP Growthi Toronto, August 4, 2011 — Greater Toronto REALTORS® reported 7,922 Sales Activity1,7
transactions through the TorontoMLS® system in July 2011, representing a 23
Q1 2011 t 3.9%
per cent increase over July 2010. Total sales through the first seven months of
Toronto Employment Growthi i this year amounted to 55,863 – down by 1.3 per cent compared to the same
period in 2010. After adjusting for seasonal fluctuations, the July figure
June 2011 t 2.7% continued to point to an annual sales result close to 90,000 – in line with results
Toronto Unemployment Rate from the previous six months.
June 2011 u 8.4% "Strong home sales continued in July, with a substantial rebound over last
summer’s slow-down brought about by higher mortgage rates, new lending 7,922
Inflation (Yr./Yr. CPI Growth)
ii
guidelines and misconceptions about the HST. The greatest rebound was seen in 6,425
June 2011 3.1% the condominium apartment segment in the City of Toronto," said Toronto Real
Estate Board President Richard Silver. "If the current pace of sales holds up, we
iii
Bank of Canada Overnight Rate could see the second best year on record under the current TREB market area."
July 2011 q 1.0% The average selling price in July was $459,122 – up by almost ten per cent
compared to the July 2010 average of $418,675.
July 2011 July 2010
iv
Prime Rate
July 2011 q 3.0% “Tight market conditions have boosted the annual rate of price growth this year.
However, the listings situation is starting to improve. A better supplied market
iv later this year and into 2012 would lead to a more sustainable rate of price
Mortgage Rates (July 2011)
Chartered Bank Fixed Rates growth,” said Jason Mercer, TREB’s Senior Manager of Market Analysis. TorontoMLS®
1 Year q 3.50%
Sales & Average Price By Major Home Type
1,7 Average Price1,7
3 Year t 4.35%
5 Year q 5.39% July 2011
Sources and Notes: Sales Average Price
i
Statistics Canada, Quarter-over-quarter
416 905 Total 416 905 Total
growth, annualized
$459,122
Detached 923 2,850 3,773 $691,175 $528,813 $568,532
$418,675
ii
Statistics Canada, Year-over-year growth Yr./Yr. % Change 12% 28% 24% 12% 10% 10%
for the most recently reported month
Semi-Detached 320 521 841 $500,796 $371,366 $420,614
iii
Bank of Canada, Rate from most recent Yr./Yr. % Change 15% 22% 19% 6% 11% 8%
Bank of Canada announcement
Townhouse 349 815 1,164 $402,902 $339,373 $358,421
iv
Bank of Canada, rates for most recently Yr./Yr. % Change 16% 16% 16% 11% 11% 11%
completed month
Condo Apartment 1,452 534 1,986 $353,189 $275,702 $332,354 July 2011 July 2010
Yr./Yr. % Change 32% 23% 30% 6% 10% 8%
2. Toronto Real Estate Board
SALES BY PRICE RANGE AND HOUSE TYPE1,7 Industrial Leasing
JULY 2011
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 3 1 0 5 13 0 0 0 1 23
$100,000 to $199,999 88 17 4 66 285 1 3 0 0 464
$200,000 to $299,999 327 95 112 204 672 33 1 1 3 1,448
$300,000 to $399,999 704 329 209 247 583 30 2 4 0 2,108
$400,000 to $499,999 820 248 129 51 232 55 0 3 0 1,538
$500,000 to $599,999 660 77 52 24 106 18 1 0 0 938
$600,000 to $699,999 448 40 23 11 39 1 0 0 0 562
$700,000 to $799,999 216 17 9 4 20 0 0 1 0 267
$800,000 to $899,999 167 5 7 1 10 0 0 0 0 190
$900,000 to $999,999 85 2 2 1 7 0 0 0 0 97
$1,000,000 to $1,249,999 102 7 1 1 11 0 0 0 0 122
$1,250,000 to $1,499,999 61 1 0 0 2 0 0 0 0 64
$1,500,000 to $1,749,999 36 2 1 0 2 0 0 0 0 41
$1,750,000 to $1,999,999 14 0 0 0 1 0 0 0 0 15
$2,000,000 + 42 0 0 0 3 0 0 0 0 45
Total Sales 3,773 841 549 615 1,986 138 7 9 4 7,922
Share of Total Sales 47.6% 10.6% 6.9% 7.8% 25.1% 1.7% 0.1% 0.1% 0.1% -
Average Price $568,532 $420,614 $401,195 $320,237 $332,354 $394,835 $276,286 $425,900 $211,875 $459,122
SALES BY PRICE RANGE AND HOUSE TYPE1,7 YEAR-TO-DATE, 2011
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 21 1 5 33 139 0 11 0 4 214
$100,000 to $199,999 483 150 57 545 2,058 14 35 2 14 3,358
$200,000 to $299,999 2,386 718 844 1,610 4,528 234 16 19 24 10,379
$300,000 to $399,999 5,182 2,425 1,620 1,559 4,028 224 10 18 4 15,070
$400,000 to $499,999 5,579 1,691 921 355 1,531 321 5 13 0 10,416
$500,000 to $599,999 4,458 530 346 135 632 107 4 6 1 6,219
$600,000 to $699,999 2,906 318 140 87 254 14 0 0 0 3,719
$700,000 to $799,999 1,652 159 65 33 131 2 0 2 0 2,044
$800,000 to $899,999 1,054 83 34 16 58 0 0 2 0 1,247
$900,000 to $999,999 636 28 13 11 40 0 0 0 0 728
$1,000,000 to $1,249,999 874 40 11 10 60 0 1 0 0 996
$1,250,000 to $1,499,999 525 17 8 6 19 0 0 0 0 575
$1,500,000 to $1,749,999 268 14 4 1 22 0 0 0 0 309
$1,750,000 to $1,999,999 165 9 2 0 9 0 0 1 0 186
$2,000,000 + 364 14 0 0 25 0 0 0 0 403
Total Sales 26,553 6,197 4,070 4,401 13,534 916 82 63 47 55,863
Share of Total Sales 47.5% 11.1% 7.3% 7.9% 24.2% 1.6% 0.1% 0.1% 0.1% -
Average Price $583,691 $430,903 $394,204 $316,130 $328,575 $385,857 $226,846 $407,271 $219,151 $465,777
Page 3 July 2010
Market Watch, July 2011 2