Toronto Real Estate Board President Michael Collins announced that Greater Toronto Area REALTORS® reported 7,090 sales through TREB's MLS® System in November 2019 – a 14.2 percent increase compared to November 2018. On a GTA-wide basis, sales were up year-over-year for all major market segments. Annual sales growth in ground-oriented home types, including detached houses, led the way.
Retail Space for Lease - 1221 W. Main St., Sun Prairie, WI
TORONTO REAL ESTATE BOARD'S MARKET WATCH - NOVEMBER 2019
1.
2. GTA REALTORS® Release November 2019 Stats
Toronto Real Estate Board President Michael Collins announced that Greater Toronto Area
REALTORS® reported 7,090 sales through TREB's MLS® System in November 2019 – a 14.2 per
cent increase compared to November 2018. On a GTA-wide basis, sales were up year-over-year
for all major market segments. Annual sales growth in ground oriented home types, including
detached houses, led the way.
New listings entered into TREB's MLS® System in November and the active listings count at the
end of the month went in the opposite direction compared to last year, with new listings down
17.9 per cent year-over-year and active listings down 27.2 per cent.
"An increasing number of home buyers impacted by demand-side policies over the past three
years, including the 2017 Ontario Fair Housing Plan and the OSFI mortgage stress test, have
moved back into the market for ownership housing. Based on affordability and stricter mortgage
qualification standards, many buyers may have likely adjusted their preferences, changing the
type and/or location of home they ultimately chose to purchase," said Mr. Collins.
As market conditions continued to tighten in November 2019, with increased sales up against an
increasingly constrained supply of listings, the annual rate of price growth continued to
accelerate. The MLS® Home Price Index Composite Benchmark increased by 6.8 per cent year-
over-year. The average selling price increased by 7.1 per cent year-over-year to $843,637. Both
the MLS® HPI and the average selling price for the TREB market area as a whole experienced the
strongest annual rates of price growth for the year in November.
"Strong population growth in the GTA coupled with declining negotiated mortgage rates resulted
in sales accounting for a greater share of listings in November and throughout the second half of
2019. Increased competition between buyers has resulted in an acceleration in price growth.
Expect the rate of price growth to increase further if we see no relief on the listings supply front,"
said Jason Mercer, TREB's Chief Market Analyst.
3.
4.
5. www.TREBhome.com
Page 1 of 4
TREB RELEASES NOVEMBER MARKET FIGURES AS REPORTED BY GTA REALTORS®
TORONTO, December 4, 2019 - Toronto Real Estate Board President Michael Collins
announced that Greater Toronto Area REALTORS® reported 7,090 sales through TREB’s
MLS® System in November 2019 – a 14.2 per cent increase compared to November
2018. On a GTA-wide basis, sales were up year-over-year for all major market segments.
Annual sales growth in ground-oriented home types, including detached houses, led the
way.
New listings entered into TREB’s MLS® System in November and the active listings count
at the end of the month went in the opposite direction compared to last year, with new
listings down 17.9 per cent year-over-year and active listings down 27.2 per cent.
“An increasing number of home buyers impacted by demand-side policies over the past
three years, including the 2017 Ontario Fair Housing Plan and the OSFI mortgage stress
test, have moved back into the market for ownership housing. Based on affordability and
stricter mortgage qualification standards, many buyers may have likely adjusted their
preferences, changing the type and/or location of home they ultimately chose to
purchase,” said Mr. Collins.
“The Greater Toronto Area needs flexible housing market policies that will help sustain
balanced market conditions over the long term. All levels of government in Canada plus
reputable international bodies have acknowledged that we have a housing supply
problem. In 2020, policy makers need to translate their acknowledgment of supply issues
into concrete solutions to bring a greater array of ownership and rental housing online. As
always, TREB will be there to help policy makers in this regard,” said TREB CEO, John
DiMichele.
As market conditions continued to tighten in November 2019, with increased sales up
against an increasingly constrained supply of listings, the annual rate of price growth
continued to accelerate. The MLS® Home Price Index Composite Benchmark increased
by 6.8 per cent year-over-year. The average selling price increased by 7.1 per cent year-
over-year to $843,637. Both the MLS® HPI and the average selling price for the TREB
market area as a whole experienced the strongest annual rates of price growth for the
year in November.
“Strong population growth in the GTA coupled with declining negotiated mortgage rates
resulted in sales accounting for a greater share of listings in November and throughout the
second half of 2019. Increased competition between buyers has resulted in an
acceleration in price growth. Expect the rate of price growth to increase further if we see
no relief on the listings supply front,” said Jason Mercer, TREB’s Chief Market Analyst.
NEWS RELEASE
6. www.TREBhome.com
Page 2 of 4
Summary of TREB MLS® Sales and Average Price November 1 - 30, 2019
2019 2018
Sales Average Price New Listings Sales Average Price New Listings
City of Toronto ("416") 2,718 910,419 3,308 2,548 840,391 3,896
Rest of GTA ("905") 4,372 802,120 5,342 3,658 750,403 6,642
GTA 7,090 843,637 8,650 6,206 787,349 10,538
TREB MLS® Sales & Average Price By Home Type November 1 - 30, 2019
Sales Average Price
416 905 Total 416 905 Total
Detached 788 2,475 3,263 1,360,246 943,494 1,044,138
Yr./Yr. % Change 12.7% 27.8% 23.8% 4.9% 4.3% 3.5%
Semi-Detached 247 422 669 1,067,027 703,272 837,573
Yr./Yr. % Change 19.3% 3.4% 8.8% 0.3% 7.3% 5.7%
Townhouse 294 879 1,173 763,298 634,450 666,744
Yr./Yr. % Change 11.8% 21.9% 19.2% 3.2% 3.4% 3.0%
Condo Apartment 1,368 534 1,902 659,855 509,559 617,658
Yr./Yr. % Change 0.4% 2.5% 1.0% 10.9% 12.2% 11.1%
November 2019 Year-Over-Year Per Cent Change in the MLS® HPI
Composite (All
Types)
Single-Family
Detached
Single-Family
Attached
Townhouse Apartment
TREB Total 6.83% 5.11% 5.95% 7.49% 9.49%
Halton Region 9.77% 10.14% 9.06% 13.04% 2.92%
Peel Region 8.26% 5.82% 6.93% 8.49% 16.14%
City of Toronto 6.99% 3.75% 5.18% 3.29% 9.49%
York Region 2.44% 1.81% 2.79% 4.17% 5.73%
Durham Region 4.87% 4.30% 5.63% 5.83% 6.87%
Orangeville 5.57% 5.49% 6.35% - -
South Simcoe
County1 4.15% 2.23% -1.00% - -
Source: Toronto Real Estate Board
1South Simcoe includes Adjala-Tosorontio, Bradford West Gwillimbury, Essa, Innisfil and New Tecumseth
7. www.TREBhome.com
Page 3 of 4
Annual Summary of TREB MLS® Sales and Average Price Year-to-Date
2019 2018
Sales Average Price New Listings Sales Average Price New Listings
City of Toronto ("416") 30,559 883,443 51,360 28,585 840,275 50,396
Rest of GTA ("905") 52,904 780,807 97,848 45,684 758,241 101,798
GTA 83,463 818,386 149,208 74,269 789,815 152,194
Annual TREB MLS® Sales & Average Price By Home Type Year-to-Date 2019
Sales Average Price
416 905 Total 416 905 Total
Detached 8,868 29,492 38,360 1,316,510 924,294 1,014,966
Yr./Yr. % Change 15.2% 19.6% 18.5% -0.4% 1.1% 0.4%
Semi-Detached 2,806 5,104 7,910 1,046,480 687,482 814,833
Yr./Yr. % Change 11.7% 13.3% 12.7% 4.2% 4.4% 4.2%
Townhouse 3,207 10,712 13,919 771,775 625,629 659,302
Yr./Yr. % Change 16.7% 14.8% 15.3% 3.7% 2.9% 3.2%
Condo Apartment 15,472 6,785 22,257 632,650 481,441 586,554
Yr./Yr. % Change 0.2% 9.2% 2.8% 6.6% 6.9% 6.2%
Jan.-Nov. 2019 TREB MLS® System Condominium Apartment Rental Market Summary*
Apartment Type Month/Year Rentals Average Rent
One-Bedroom
Jan.-Nov. 2019 18,798 $2,210
Jan.-Nov. 2018 16,510 $2,092
Yr./Yr. % Chg. 13.9% 5.6%
Two-Bedroom
Jan.-Nov. 2019 11,107 $2,885
Jan.-Nov. 2018 10,027 $2,760
Yr./Yr. % Chg. 10.8% 4.5%
Source: Toronto Real Estate Board
*Note: A broader breakout of condominium apartment and condominium townhouse rental statistics by bedroom type and TREB areas and
municipalities will continue to be provided in TREB's quarterly Rental Market Report.
Seasonally Adjusted TREB MLS® Sales and Average Price1
Sales
Month-over-Month
% Chg. Average Price
Month-over-Month
% Chg.
November '18 6,698 -1.4% $800,590 -0.8%
December '18 6,751 0.8% $793,999 -0.8%
January '19 6,815 0.9% $779,242 -1.9%
February '19 6,201 -9.0% $764,121 -1.9%
Continued…
8. www.TREBhome.com
Page 4 of 4
March '19 6,347 2.4% $761,226 -0.4%
April '19 7,046 11.0% $773,815 1.7%
May '19 7,389 4.9% $796,066 2.9%
June '19 7,477 1.2% $812,642 2.1%
July '19 7,839 4.8% $825,397 1.6%
August '19 7,933 1.2% $827,681 0.3%
September '19 7,871 -0.8% $837,095 1.1%
October '19 7,660 -2.7% $838,407 0.2%
November '19 7,780 1.6% $843,221 0.6%
Source: Toronto Real Estate Board; CREA Seasonal Adjustment
1 Preliminary seasonal adjustment undertaken by the Canadian Real Estate Association (CREA). Removing normal seasonal
variations allows for more meaningful analysis of monthly changes and underlying trends.
Media Inquiries:
Mary Gallagher, Senior Manager, Public Affairs
maryg@trebnet.com
(416) 443-8158
TREB is Canada’s largest real estate board. Over 54,500 residential and commercial TREB Members serve consumers in the Greater Toronto Area. Greater Toronto REALTORS®
are passionate about their work. They are governed by a strict Code of Ethics and share a state-of-the-art Multiple Listing Service®.
9.
10. Toronto Employment
Growth
October 2019 5.6%
Month November 2019
1 Year
3 Year
5 Year
3.64%
3.94%
5.19%
November 2019
1 Year
3 Year
5 Year
--
--
--
Market Watch
For All TREB Member Inquiries:
(416) 443-8158
For All Media/Public Inquiries:
(416) 443-8152
GTA REALTORS® Release November 2019 Stats
TORONTO, December 4, 2019 - Toronto Real Estate Board President Michael Collins announced
that Greater Toronto Area REALTORS® reported 7,090 sales through TREB’s MLS® System in
November 2019 – a 14.2 per cent increase compared to November 2018. On a GTA-wide basis,
sales were up year-over-year for all major market segments. Annual sales growth in ground-
oriented home types, including detached houses, led the way.
New listings entered into TREB’s MLS® System in November and the active listings count at the
end of the month went in the opposite direction compared to last year, with new listings down
17.9 per cent year-over-year and active listings down 27.2 per cent.
“An increasing number of home buyers impacted by demand-side policies over the past three
years, including the 2017 Ontario Fair Housing Plan and the OSFI mortgage stress test, have
moved back into the market for ownership housing. Based on affordability and stricter
mortgage qualification standards, many buyers may have likely adjusted their preferences,
changing the type and/or location of home they ultimately chose to purchase,” said Mr. Collins.
As market conditions continued to tighten in November 2019, with increased sales up against
an increasingly constrained supply of listings, the annual rate of price growth continued to
accelerate. The MLS® Home Price Index Composite Benchmark increased by 6.8 per cent year-
over-year. The average selling price increased by 7.1 per cent year-over-year to $843,637.
Both the MLS® HPI and the average selling price for the TREB market area as a whole
experienced the strongest annual rates of price growth for the year in November.
“Strong population growth in the GTA coupled with declining negotiated mortgage rates
resulted in sales accounting for a greater share of listings in November and throughout the
second half of 2019. Increased competition between buyers has resulted in an acceleration in
price growth. Expect the rate of price growth to increase further if we see no relief on the
listings supply front,” said Jason Mercer, TREB’s Chief Market Analyst.
TREB MLS® Sales Activity
7,090
6,206
November 2019 November 2018
TREB MLS® Average Price
$843,637
$787,349
November 2019 November 2018
Year-Over-Year Summary
2019 2018 % Chg.
Sales
New Listings
Active Listings
Average Price
Average DOM
7,090 6,206 14.2%
8,650 10,538 -17.9%
11,958 16,420 -27.2%
$843,637 $787,349 7.1%
24 27 -11.1%
Sources and Notes:
i - Statistics Canada, Quarter-over-quarter
growth, annualized
ii - Statistics Canada, Year-over-year
growth for the most recently reported
month
iii - Bank of Canada, Rate from most
recent Bank of Canada announcement
iv - Bank of Canada, Rates for most
recently completed month
Real GDP Growth
Q2 2019 3.7%
Toronto Unemployment
Rate
September 2019 5.8%
Inflation Rate (Yr./Yr. CPI
Growth)
October 2019 -- 1.9%
Bank of Canada Overnight
Rate
November 2019 -- 1.75%
Prime Rate
November 2019 -- 3.95%
Economic Indicators
Metrics Sales Average Price
416 905 Total 416 905 Total
2019
Detached
Semi - Detached
Townhouse
Condo Apartment
788 2,475 3,263 $1,360,246 $943,494 $1,044,138
247 422 669 $1,067,027 $703,272 $837,573
294 879 1,173 $763,298 $634,450 $666,744
1,368 534 1,902 $659,855 $509,559 $617,658
Sales & Average Price By Major Home Type
November 2019
November 2019
i
ii
ii
iii
iv
Detached
Semi - Detached
Townhouse
Condo Apartment
4.9% 4.3% 3.5%
0.3% 7.3% 5.7%
3.2% 3.4% 3.0%
10.9% 12.2% 11.1%
Detached
Semi - Detached
Townhouse
Condo Apartment
12.7% 27.8% 23.8%
19.3% 3.4% 8.8%
11.8% 21.9% 19.2%
0.4% 2.5% 1.0%
1,7
1,7
1,7
1,7
Year-Over-Year Per Cent Change
Mortgage Rates
11. Toronto Real Estate Board
Market Watch, November 2019
SALES BY PRICE RANGE AND HOUSE TYPE NOVEMBER 2019
2
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
$100,000 to $199,999
$200,000 to $299,999
$300,000 to $399,999
$400,000 to $499,999
$500,000 to $599,999
$600,000 to $699,999
$700,000 to $799,999
$800,000 to $899,999
$900,000 to $999,999
$1,000,000 to $1,249,999
$1,250,000 to $1,499,999
$1,500,000 to $1,749,999
$1,750,000 to $1,999,999
$2,000,000+
1 0 0 0 0 0 0 0 0 1
6 0 0 0 3 0 0 0 0 9
15 0 1 8 16 0 1 0 1 42
43 7 3 33 167 0 0 0 6 259
114 32 38 118 500 8 1 0 2 813
220 37 110 168 469 13 2 0 0 1,019
331 131 192 124 312 8 0 1 0 1,099
467 214 118 49 169 7 1 4 0 1,029
444 93 68 19 117 15 1 1 0 758
380 36 43 10 49 4 1 2 0 525
566 50 32 13 45 3 0 0 0 709
285 36 11 3 21 0 0 0 0 356
128 18 6 0 13 0 0 0 0 165
87 8 4 0 7 1 0 0 0 107
176 7 0 2 14 0 0 0 0 199
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
$100,000 to $199,999
$200,000 to $299,999
$300,000 to $399,999
$400,000 to $499,999
$500,000 to $599,999
$600,000 to $699,999
$700,000 to $799,999
$800,000 to $899,999
$900,000 to $999,999
$1,000,000 to $1,249,999
$1,250,000 to $1,499,999
$1,500,000 to $1,749,999
$1,750,000 to $1,999,999
$2,000,000+
4 0 1 0 2 0 0 0 0 7
55 0 0 6 56 0 3 0 0 120
125 6 8 75 325 0 17 1 13 570
497 111 59 472 2,931 5 15 3 22 4,115
1,435 367 608 1,479 6,496 99 10 16 21 10,531
2,902 671 1,443 1,817 4,995 131 8 17 2 11,986
4,322 1,751 2,356 1,343 3,258 117 5 14 4 13,170
5,687 2,242 1,394 513 1,583 158 3 17 1 11,598
5,603 1,013 825 220 983 163 5 12 0 8,824
4,277 505 381 153 521 70 5 9 0 5,921
5,821 543 304 126 527 34 3 3 0 7,361
3,215 391 133 56 230 0 3 2 0 4,030
1,671 161 56 25 126 1 0 2 0 2,042
834 75 19 7 79 1 1 1 0 1,017
1,912 74 23 17 145 0 0 0 0 2,171
SALES BY PRICE RANGE AND HOUSE TYPE YEAR-TO-DATE, 2019
Total Sales
Share of Total Sales
Average Price
3,263 669 626 547 1,902 59 7 8 9 7,090
46.0% 9.4% 8.8% 7.7% 26.8% 0.8% 0.1% 0.1% 0.1% 100.0%
$1,044,138 $837,573 $729,999 $594,354 $617,658 $729,444 $608,571 $808,063 $376,696 $843,637
Total Sales
Share of Total Sales
Average Price
38,360 7,910 7,610 6,309 22,257 779 78 97 63 83,463
46.0% 9.5% 9.1% 7.6% 26.7% 0.9% 0.1% 0.1% 0.1% 100.0%
$1,014,966 $814,833 $712,635 $594,970 $586,554 $714,822 $543,732 $718,932 $393,030 $818,386
1,7
1,7
36. Toronto Real Estate Board
Market Watch, November 2019
HISTORIC ANNUAL STATISTICS
27
Year Sales Average Price
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
93,193 $376,236
74,552 $379,347
87,308 $395,460
85,545 $431,276
89,096 $465,014
85,496 $497,130
87,049 $522,958
92,782 $566,624
101,213 $622,121
113,040 $729,837
92,335 $822,727
2018 MONTHLY STATISTICS
NOTES
1 - Sales, dollar volume, average sale prices and median sale prices are based on firm transactions entered into the TREB MLS® system between the
first and last day of the month/period being reported.
2 - New listings entered into the TREB MLS® system between the first and last day of the month/period being reported.
3 - Active listings at the end of the last day of the month/period being reported.
4 - Ratio of the average selling price to the average listing price for firm transactions entered into the TREB MLS® system between the first and last day
of the month/period being reported.
5 - Average number of days on the market for firm transactions entered into the TREB MLS® system between the first and last day of the month/period
being reported.
6 - Due to past changes to TREB's service area, caution should be exercised when making historical comparisons.
7 - Past monthly and year-to-date figures are revised on a monthly basis.
8 - SNLR = Sales-to-New Listings Ratio. Calculated using a 12-month moving average (sales/new listings).
9 - Mos. Inv. = Months of Inventory. Calculated using a 12-month moving average (active listings/sales).
2019 MONTHLY STATISTICS
*For historic annual sales and average price data over a longer time frame go to:
January
February
March
April
May
June
July
August
September
October
November
December
Year to Date
3,968 $747,175
4,982 $779,791
7,132 $788,133
9,006 $820,569
9,951 $838,248
8,824 $831,807
8,558 $806,931
7,684 $792,122
7,796 $842,631
8,472 $852,221
7,090 $843,637
- -
83,463 $813,024
January
February
March
April
May
June
July
August
September
October
November
December
Annual
3,987 $735,874
5,148 $767,801
7,188 $784,514
7,742 $804,894
8,402 $809,305
8,024 $808,066
6,914 $781,792
6,797 $765,252
6,413 $796,876
7,448 $807,538
6,206 $787,349
3,747 $749,019
78,016 $787,856
1,6,7
1,7
1,7
http://www.torontorealestateboard.com/market_news/market_watch/historic_stats/p
df/TREB_historic_statistics.pdf
Copyright® 2019 Toronto Real Estate Board
$818,38683,463
37. Historic StatisticsToronto MLS® System Sales and Average Price
*NOTE: Due to changes in the TREB market area over time, caution should be exercised when undertaking historic comparisons.
Historic sales and price data are subject to revision.
Year Sales*
Average Sale Price*
Year Sales*
Average Sale Price*
1973 16,335 $40,605 1996 55,779 $198,150
1974 17,318 $52,806 1997 58,014 $211,307
1975 22,020 $57,581 1998 55,344 $216,815
1976 19,025 $61,389 1999 58,957 $228,372
1977 20,512 $64,559 2000 58,343 $243,255
1978 21,184 $67,333 2001 67,612 $251,508
1979 23,466 $70,830 2002 74,759 $275,231
1980 26,017 $75,694 2003 78,898 $293,067
1981 29,625 $90,203 2004 83,501 $315,231
1982 25,336 $95,496 2005 84,145 $335,907
1983 30,046 $101,626 2006 83,084 $351,941
1984 31,905 $102,318 2007 93,193 $376,236
1985 45,509 $109,094 2008 74,552 $379,347
1986 52,919 $138,925 2009 87,308 $395,460
1987 43,475 $189,105 2010 85,545 $431,276
1988 49,381 $229,635 2011 89,096 $465,014
1989 38,960 $273,698 2012 85,496 $497,130
1990 26,779 $255,020 2013 87,049 $522,958
1991 38,144 $234,313 2014 92,782 $566,624
1992 41,703 $214,971 2015 101,213 $622,121
1993 38,990 $206,490 2016 113,040 $729,837
1994 44,237 $208,921 2017 92,335 $822,727
1995 39,273 $203,028 2018 78,017 $787,856
$0
$100,000
$200,000
$300,000
$400,000
$500,000
$600,000
$700,000
$800,000
$900,000
Source: Toronto Real Estate Board
Annual Average TorontoMLS Sale Price