Toronto Real Estate Market Statistics for August 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 august 2011
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(416) 443-8152
For All Media/Public Inquiries:
August 2011 (416) 443-8158
Economic Indicators Strong August Home Sales in the GTA Total TorontoMLS®
Real GDP Growthi Toronto, September 7, 2011 — Greater Toronto REALTORS® reported 7,542 Sales Activity1,7
Q2 2011 u -0.4% sales through the TorontoMLS® system in August – a 24 per cent increase over
6,083 sales in August 2010. New listings, at 12,509, were up by 20 per cent
Toronto Employment Growthi i compared to August 2010. Market conditions remained tight as sales growth
outstripped growth in new listings.
July 2011 t 1.7%
"Home sales in the GTA have stood up well despite a less certain economic outlook,"
Toronto Unemployment Rate said Toronto Real Estate Board President Richard Silver. "Home sales will be
July 2011 u 8.3% bolstered by low mortgage rates moving forward. The Bank of Canada is expected 7,542
to be on the sidelines until the second half of 2012 or even into 2013. However,
ii 6,083
Inflation (Yr./Yr. CPI Growth) home ownership affordability in the City of Toronto could be further improved with
July 2011 u 2.7% the removal of the City’s land transfer tax. This tax currently represents a
substantial upfront cost for home buyers.”
iii
Bank of Canada Overnight Rate With market conditions remaining tight in the GTA, the average selling price
August 2011 q 1.0% continued to grow strongly in August – up by more than 10 per cent year-over-year
to $451,663. August 2011 August 2010
iv
Prime Rate
"We remain on pace for the second best year on record for sales. Approximately
August 2011 q 3.0% 90,000 transactions are expected by the end of December," said TREB's Senior
iv Manager of Market Analysis Jason Mercer. "Major home ownership costs, including
Mortgage Rates (August 2011) the average monthly mortgage payment, remain affordable despite the strong price
Chartered Bank Fixed Rates growth experienced so far this year." TorontoMLS®
1 Year q 3.50%
Sales & Average Price By Major Home Type
1,7 Average Price1,7
3 Year q 4.35%
5 Year q 5.39% August 2011
Sources and Notes: Sales Average Price
i
Statistics Canada, Quarter-over-quarter
416 905 Total 416 905 Total
growth, annualized
$451,663
Detached 892 2,597 3,489 $648,491 $531,458 $561,379
$409,564
ii
Statistics Canada, Year-over-year growth Yr./Yr. % Change 35% 24% 27% 10% 10% 10%
for the most recently reported month
Semi-Detached 281 541 822 $488,866 $373,990 $413,260
iii
Bank of Canada, Rate from most recent Yr./Yr. % Change 12% 30% 24% 5% 9% 6%
Bank of Canada announcement
Townhouse 303 779 1,082 $377,807 $337,512 $348,796
iv
Bank of Canada, rates for most recently Yr./Yr. % Change 18% 11% 13% 7% 10% 9%
completed month
Condo Apartment 1,393 593 1,986 $364,437 $270,740 $336,460 August 2011 August 2010
Yr./Yr. % Change 24% 28% 25% 11% 8% 10%
2. Toronto Real Estate Board
SALES BY PRICE RANGE AND HOUSE TYPE1,7 Industrial Leasing
AUGUST 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 0 0 3 16 0 0 0 0 22
$100,000 to $199,999 79 11 3 76 260 1 5 0 1 436
$200,000 to $299,999 318 88 100 214 709 30 1 3 3 1,466
$300,000 to $399,999 652 349 188 226 570 33 3 2 1 2,024
$400,000 to $499,999 701 253 134 38 250 54 1 3 0 1,434
$500,000 to $599,999 608 64 35 21 101 17 0 0 0 846
$600,000 to $699,999 428 26 12 10 25 5 0 0 0 506
$700,000 to $799,999 244 16 7 3 20 0 0 0 0 290
$800,000 to $899,999 159 4 3 4 6 0 0 0 0 176
$900,000 to $999,999 86 2 1 1 3 0 0 0 0 93
$1,000,000 to $1,249,999 97 5 2 0 9 0 0 0 0 113
$1,250,000 to $1,499,999 55 4 0 0 8 0 0 0 0 67
$1,500,000 to $1,749,999 26 0 0 1 4 0 0 0 0 31
$1,750,000 to $1,999,999 5 0 0 0 0 0 0 0 0 5
$2,000,000 + 28 0 0 0 5 0 0 0 0 33
Total Sales 3,489 822 485 597 1,986 140 10 8 5 7,542
Share of Total Sales 46.3% 10.9% 6.4% 7.9% 26.3% 1.9% 0.1% 0.1% 0.1% -
Average Price $561,379 $413,260 $391,818 $313,846 $336,460 $400,206 $240,500 $354,169 $243,500 $451,663
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 24 1 5 36 155 0 11 0 4 236
$100,000 to $199,999 561 161 60 619 2,311 15 40 2 15 3,784
$200,000 to $299,999 2,697 802 940 1,815 5,222 263 17 22 27 11,805
$300,000 to $399,999 5,798 2,762 1,805 1,779 4,592 256 13 20 5 17,030
$400,000 to $499,999 6,249 1,935 1,050 391 1,777 374 6 16 0 11,798
$500,000 to $599,999 5,042 591 379 155 731 124 4 6 1 7,033
$600,000 to $699,999 3,315 342 152 96 278 19 0 0 0 4,202
$700,000 to $799,999 1,891 175 72 36 150 2 0 2 0 2,328
$800,000 to $899,999 1,208 87 37 20 64 0 0 2 0 1,418
$900,000 to $999,999 717 30 14 12 42 0 0 0 0 815
$1,000,000 to $1,249,999 969 45 13 10 69 0 1 0 0 1,107
$1,250,000 to $1,499,999 577 21 8 6 27 0 0 0 0 639
$1,500,000 to $1,749,999 291 14 4 2 26 0 0 0 0 337
$1,750,000 to $1,999,999 169 9 2 0 9 0 0 1 0 190
$2,000,000 + 391 14 0 0 30 0 0 0 0 435
Total Sales 29,899 6,989 4,541 4,977 15,483 1,053 92 71 52 63,157
Share of Total Sales 47.3% 11.1% 7.2% 7.9% 24.5% 1.7% 0.1% 0.1% 0.1% -
Average Price $581,139 $428,940 $393,944 $315,865 $329,588 $387,813 $228,330 $401,288 $221,492 $464,029
Page 3 July 2010
Market Watch, August 2011 2