SlideShare une entreprise Scribd logo
1  sur  10
Télécharger pour lire hors ligne
Housing Market Charts – September 2012
TorontoMLS Sales
    Monthly with Three Previous Years for Comparison
     12,000                                                   2009      2010      2011      2012
     10,000
      8,000
      6,000
      4,000
      2,000
            0




    Source: Toronto Real Estate Board

Explanation: This chart plots monthly MLS® sales for the current year and the previous three years. The
recurring seasonal trend can be examined along with comparisons to previous years for each month.
TorontoMLS New Listings
    Monthly with Three Previous Years for Comparison
    25,000
                                                        2009       2010       2011       2012
    20,000

    15,000

    10,000

      5,000

           0




    Source: Toronto Real Estate Board

Explanation: This chart plots monthly MLS® new listings for the current year and the previous three
years. The recurring seasonal trend can be examined along with comparisons to previous years for each
month.
TorontoMLS Sales-to-New Listings Ratio
     Monthly with Three Previous Years for Comparison
      1.10                                                             2009        2010        2011       2012
      1.00
      0.90
      0.80
      0.70
      0.60
      0.50
      0.40
      0.30
      0.20
      0.10
      0.00




     Source: Toronto Real Estate Board
Explanation: This chart plots the monthly MLS® sales-to-new listings ratio (SNLR) for the current year and the previous
three years. The recurring seasonal trend can be examined along with comparisons to previous years for each month.
When the SNLR moves higher, annual average price growth generally increases – often at a rate well above inflation.
When the SNLR moves lower, annual average price growth generally declines and can become negative.
TorontoMLS Average Resale Home Price
    Monthly with Three Previous Years for Comparison
    $550,000                                              2009      2010       2011      2012

    $500,000

    $450,000

    $400,000

    $350,000

    $300,000




    Source: Toronto Real Estate Board

Explanation: This chart plots the monthly MLS® average home price for the current year and the
previous three years. The recurring seasonal trend can be examined along with comparisons to previous
years for each month.
TorontoMLS Sales
     Monthly Time Series with Trend Line
     12,000
                             Actual MLS® Sales
     10,000
                             Trend (12-Month Moving Average)
       8,000

       6,000

       4,000

       2,000



    Source: Toronto Real Estate Board
Explanation: This chart plots monthly MLS® sales since January 1995. The blue line shows actual sales. The brown
line is the trend computed using a 12-month moving average, which exhibits no seasonal variations or other
irregular fluctuations. A substantial change in actual sales must occur to change the direction of the trend.
TorontoMLS New Listings
     Monthly Time Series with Trend Line
     22,000
     20,000                     Actual MLS® New Listings
     18,000                     Trend (12-Month Moving Average)
     16,000
     14,000
     12,000
     10,000
      8,000
      6,000
      4,000
      2,000



     Source: Toronto Real Estate Board
Explanation: This chart plots monthly MLS® new listings since January 1995. The blue line shows actual new listings.
The brown line is the trend computed using a 12-month moving average, which exhibits no seasonal variations or other
irregular fluctuations. A substantial change in actual new listings must occur to change the direction of the trend.
TorontoMLS Average Price
     Monthly Time Series with Trend Line
     575,000
                                Actual MLS® Average Price
     525,000
     475,000                    Trend (12-Month Moving Average)

     425,000
     375,000
     325,000
     275,000
     225,000
     175,000



     Source: Toronto Real Estate Board
Explanation: This chart plots monthly MLS® average price since January 1995. The blue line shows the actual average
price. The brown line is the trend computed using a 12-month moving average, which exhibits no seasonal variations or
other irregular fluctuations. A substantial change in actual average price must occur to change the direction of the
trend.
TorontoMLS Sales-to-New Listings Ratio Compared to
     Average Annual Per Cent Change in Home Price




                                                                                                             Average Price Annual Per Cent Change
                                   1.20                                                               25%
     Sales-to-New Listings Ratio




                                   1.00                                                               20%
                                                                                                      15%




                                                                                                                         (Brown Line)
                                   0.80
             (Blue Line)




                                                                                                      10%
                                   0.60                                                               5%
                                   0.40                                                               0%
                                          Sales-to-New Listings Ratio                                 -5%
                                   0.20                                                               -10%
                                          Average Price Annual Per Cent Change
                                   0.00                                                               -15%



     Source: Toronto Real Estate Board
Explanation: This chart plots the monthly sales-to-new listings ratio (blue line) with year-over-year average annual per
cent price change (brown line). When the sales-to-new listings ratio moves higher, average annual per cent change in
home prices generally trends higher. When the sales-to-new listings ratio moves lower, average annual per cent change
in home prices generally trends lower.
TREB Affordability Indicator
             Share of Average Household Income Used for Mortgage Principal and Interest,
             Property Taxes and Utilities on the Averaged Priced GTA Resale Home

              55%
              50%
              45%

              40%

              35%

              30%

              25%



             Source: Toronto Real Estate Board Data and Calculation; Statistics Canada
Explanation: This chart plots the share of average household income that goes toward mortgage principal and interest, property taxes and utilities
for the average priced home in the GTA subject to the following assumptions:

1.   Average annual or year-to-date home price as reported by TREB
2.   20 per cent down payment
3.   Average 5-year fixed mortgage rate (Statistics Canada); 25-year amortization
4.   Average property tax rate reported by/estimated from the Statistics Canada Survey of Household Spending
5.   Average utilities cost reported by/estimated from the Statistics Canada Survey of Household Spending and components of the Consumer Price Index
6.   Average household income reported by the Census of Canada. Years in between Censuses estimated using interpolation (years up to 2005) or annual growth in average weekly earnings reported by
     Statistics Canada in the Labour Force Survey (2006 onward).

Contenu connexe

Plus de Chaba Tamasi

Market Watch APRIL 2015
Market Watch APRIL 2015Market Watch APRIL 2015
Market Watch APRIL 2015Chaba Tamasi
 
Market Watch TORONTO 2015 FEBRUARY
Market Watch TORONTO 2015 FEBRUARYMarket Watch TORONTO 2015 FEBRUARY
Market Watch TORONTO 2015 FEBRUARYChaba Tamasi
 
Market Watch TORONTO 2015 JANUARY
Market Watch TORONTO 2015 JANUARYMarket Watch TORONTO 2015 JANUARY
Market Watch TORONTO 2015 JANUARYChaba Tamasi
 
Market Watch TORONTO 2014 OCTOBER
Market Watch TORONTO 2014 OCTOBERMarket Watch TORONTO 2014 OCTOBER
Market Watch TORONTO 2014 OCTOBERChaba Tamasi
 
Market Watch November 2013
Market Watch November 2013Market Watch November 2013
Market Watch November 2013Chaba Tamasi
 
Rental report q1-2013
Rental report q1-2013Rental report q1-2013
Rental report q1-2013Chaba Tamasi
 
Rental report q1-2013
Rental report q1-2013Rental report q1-2013
Rental report q1-2013Chaba Tamasi
 
Condo report q1-2013
Condo report q1-2013Condo report q1-2013
Condo report q1-2013Chaba Tamasi
 
Toronto central q1 2013
Toronto central q1 2013Toronto central q1 2013
Toronto central q1 2013Chaba Tamasi
 
Treb historic statistics
Treb historic statisticsTreb historic statistics
Treb historic statisticsChaba Tamasi
 
Treb historic statistics
Treb historic statisticsTreb historic statistics
Treb historic statisticsChaba Tamasi
 
Market watch march 2013
Market watch   march 2013Market watch   march 2013
Market watch march 2013Chaba Tamasi
 
Treb toronto housing market charts-february2013
Treb   toronto housing market charts-february2013Treb   toronto housing market charts-february2013
Treb toronto housing market charts-february2013Chaba Tamasi
 
Mw1212 130107122612-phpapp01
Mw1212 130107122612-phpapp01Mw1212 130107122612-phpapp01
Mw1212 130107122612-phpapp01Chaba Tamasi
 
Condo Report OCT 2012
Condo Report OCT 2012Condo Report OCT 2012
Condo Report OCT 2012Chaba Tamasi
 

Plus de Chaba Tamasi (15)

Market Watch APRIL 2015
Market Watch APRIL 2015Market Watch APRIL 2015
Market Watch APRIL 2015
 
Market Watch TORONTO 2015 FEBRUARY
Market Watch TORONTO 2015 FEBRUARYMarket Watch TORONTO 2015 FEBRUARY
Market Watch TORONTO 2015 FEBRUARY
 
Market Watch TORONTO 2015 JANUARY
Market Watch TORONTO 2015 JANUARYMarket Watch TORONTO 2015 JANUARY
Market Watch TORONTO 2015 JANUARY
 
Market Watch TORONTO 2014 OCTOBER
Market Watch TORONTO 2014 OCTOBERMarket Watch TORONTO 2014 OCTOBER
Market Watch TORONTO 2014 OCTOBER
 
Market Watch November 2013
Market Watch November 2013Market Watch November 2013
Market Watch November 2013
 
Rental report q1-2013
Rental report q1-2013Rental report q1-2013
Rental report q1-2013
 
Rental report q1-2013
Rental report q1-2013Rental report q1-2013
Rental report q1-2013
 
Condo report q1-2013
Condo report q1-2013Condo report q1-2013
Condo report q1-2013
 
Toronto central q1 2013
Toronto central q1 2013Toronto central q1 2013
Toronto central q1 2013
 
Treb historic statistics
Treb historic statisticsTreb historic statistics
Treb historic statistics
 
Treb historic statistics
Treb historic statisticsTreb historic statistics
Treb historic statistics
 
Market watch march 2013
Market watch   march 2013Market watch   march 2013
Market watch march 2013
 
Treb toronto housing market charts-february2013
Treb   toronto housing market charts-february2013Treb   toronto housing market charts-february2013
Treb toronto housing market charts-february2013
 
Mw1212 130107122612-phpapp01
Mw1212 130107122612-phpapp01Mw1212 130107122612-phpapp01
Mw1212 130107122612-phpapp01
 
Condo Report OCT 2012
Condo Report OCT 2012Condo Report OCT 2012
Condo Report OCT 2012
 

Dernier

Evolving Work Trends Require New-age Businesses to Design Thoughtful Workspac...
Evolving Work Trends Require New-age Businesses to Design Thoughtful Workspac...Evolving Work Trends Require New-age Businesses to Design Thoughtful Workspac...
Evolving Work Trends Require New-age Businesses to Design Thoughtful Workspac...GMRAerocityHyderabad
 
AIPL Joy District Sector 88, In Gurgaon.pdf
AIPL Joy District  Sector 88,  In Gurgaon.pdfAIPL Joy District  Sector 88,  In Gurgaon.pdf
AIPL Joy District Sector 88, In Gurgaon.pdfbhattrishabh270
 
Points to Consider Before Finalizing on a Property.
Points to Consider Before Finalizing on a Property.Points to Consider Before Finalizing on a Property.
Points to Consider Before Finalizing on a Property.Sunil Agrawal and Associates
 
Acqua Eden Bhutani Goa Brochure Download
Acqua Eden Bhutani Goa Brochure DownloadAcqua Eden Bhutani Goa Brochure Download
Acqua Eden Bhutani Goa Brochure DownloadMKBInfotech
 
2023 NAR Technology Survey - LCAR RE Practice
2023 NAR Technology Survey - LCAR RE Practice2023 NAR Technology Survey - LCAR RE Practice
2023 NAR Technology Survey - LCAR RE PracticeTom Blefko
 
2 BHK Flats In Zirakpur For Sale - AJ Estates
2 BHK Flats In Zirakpur For Sale - AJ Estates2 BHK Flats In Zirakpur For Sale - AJ Estates
2 BHK Flats In Zirakpur For Sale - AJ EstatesAJ Estates
 
Common House Flipping Mistakes and How to Avoid Them
Common House Flipping Mistakes and How to Avoid ThemCommon House Flipping Mistakes and How to Avoid Them
Common House Flipping Mistakes and How to Avoid ThemHampton Luzak
 
Presentation of 2023 Results domdev.pptx
Presentation of 2023 Results domdev.pptxPresentation of 2023 Results domdev.pptx
Presentation of 2023 Results domdev.pptxklaudiafilka
 
4 & 5 BHK Spacious Apartments for sale in Anamika High Point, Off SG Highway ...
4 & 5 BHK Spacious Apartments for sale in Anamika High Point, Off SG Highway ...4 & 5 BHK Spacious Apartments for sale in Anamika High Point, Off SG Highway ...
4 & 5 BHK Spacious Apartments for sale in Anamika High Point, Off SG Highway ...RE/MAX Realty Solutions
 
Anshul Kanvas Wagholi Pune Apartments Brochure.pdf
Anshul Kanvas Wagholi Pune Apartments Brochure.pdfAnshul Kanvas Wagholi Pune Apartments Brochure.pdf
Anshul Kanvas Wagholi Pune Apartments Brochure.pdfsabhyara24
 
Shapoorji Pallonji Codename Evolve Pine Bangalore.pdf
Shapoorji Pallonji Codename Evolve Pine Bangalore.pdfShapoorji Pallonji Codename Evolve Pine Bangalore.pdf
Shapoorji Pallonji Codename Evolve Pine Bangalore.pdfashiyadav24
 
Mantra Akrudi Pune | Lifestyle Amenities Rethink Luxury
Mantra Akrudi Pune | Lifestyle Amenities Rethink LuxuryMantra Akrudi Pune | Lifestyle Amenities Rethink Luxury
Mantra Akrudi Pune | Lifestyle Amenities Rethink Luxuryaidasheikh47
 
3 BHK Flats in Zirakpur for Sale - AJ Estates
3 BHK Flats in Zirakpur for Sale - AJ Estates3 BHK Flats in Zirakpur for Sale - AJ Estates
3 BHK Flats in Zirakpur for Sale - AJ EstatesAJ Estates
 
Birla-Alokya Whitefield, Banglore-e-Brochure.pdf
Birla-Alokya Whitefield, Banglore-e-Brochure.pdfBirla-Alokya Whitefield, Banglore-e-Brochure.pdf
Birla-Alokya Whitefield, Banglore-e-Brochure.pdffaheemali990101
 
LCAR Unit 14 - Real Estate Brokerage - 14th Edition Revised
LCAR Unit 14 - Real Estate Brokerage - 14th Edition RevisedLCAR Unit 14 - Real Estate Brokerage - 14th Edition Revised
LCAR Unit 14 - Real Estate Brokerage - 14th Edition RevisedTom Blefko
 
2023 NAR Profile of Home Buyers and Sellers
2023 NAR Profile of Home Buyers and Sellers2023 NAR Profile of Home Buyers and Sellers
2023 NAR Profile of Home Buyers and SellersTom Blefko
 
Provident Manchester IVC Road Bangalore.pdf
Provident Manchester IVC Road Bangalore.pdfProvident Manchester IVC Road Bangalore.pdf
Provident Manchester IVC Road Bangalore.pdfashiyadav24
 
Kalpataru Jade Skyline Baner Pune | A New Way Of Living At An Affordable Price
Kalpataru Jade Skyline Baner Pune | A New Way Of Living At An Affordable PriceKalpataru Jade Skyline Baner Pune | A New Way Of Living At An Affordable Price
Kalpataru Jade Skyline Baner Pune | A New Way Of Living At An Affordable Priceaidasheikh47
 
4S Sector 59 In Gurugram | Invest, Nest, Rest
4S Sector 59  In Gurugram | Invest, Nest, Rest4S Sector 59  In Gurugram | Invest, Nest, Rest
4S Sector 59 In Gurugram | Invest, Nest, Restbhattrishabh270
 

Dernier (20)

Evolving Work Trends Require New-age Businesses to Design Thoughtful Workspac...
Evolving Work Trends Require New-age Businesses to Design Thoughtful Workspac...Evolving Work Trends Require New-age Businesses to Design Thoughtful Workspac...
Evolving Work Trends Require New-age Businesses to Design Thoughtful Workspac...
 
AIPL Joy District Sector 88, In Gurgaon.pdf
AIPL Joy District  Sector 88,  In Gurgaon.pdfAIPL Joy District  Sector 88,  In Gurgaon.pdf
AIPL Joy District Sector 88, In Gurgaon.pdf
 
Points to Consider Before Finalizing on a Property.
Points to Consider Before Finalizing on a Property.Points to Consider Before Finalizing on a Property.
Points to Consider Before Finalizing on a Property.
 
Acqua Eden Bhutani Goa Brochure Download
Acqua Eden Bhutani Goa Brochure DownloadAcqua Eden Bhutani Goa Brochure Download
Acqua Eden Bhutani Goa Brochure Download
 
2023 NAR Technology Survey - LCAR RE Practice
2023 NAR Technology Survey - LCAR RE Practice2023 NAR Technology Survey - LCAR RE Practice
2023 NAR Technology Survey - LCAR RE Practice
 
2 BHK Flats In Zirakpur For Sale - AJ Estates
2 BHK Flats In Zirakpur For Sale - AJ Estates2 BHK Flats In Zirakpur For Sale - AJ Estates
2 BHK Flats In Zirakpur For Sale - AJ Estates
 
Common House Flipping Mistakes and How to Avoid Them
Common House Flipping Mistakes and How to Avoid ThemCommon House Flipping Mistakes and How to Avoid Them
Common House Flipping Mistakes and How to Avoid Them
 
Presentation of 2023 Results domdev.pptx
Presentation of 2023 Results domdev.pptxPresentation of 2023 Results domdev.pptx
Presentation of 2023 Results domdev.pptx
 
4 & 5 BHK Spacious Apartments for sale in Anamika High Point, Off SG Highway ...
4 & 5 BHK Spacious Apartments for sale in Anamika High Point, Off SG Highway ...4 & 5 BHK Spacious Apartments for sale in Anamika High Point, Off SG Highway ...
4 & 5 BHK Spacious Apartments for sale in Anamika High Point, Off SG Highway ...
 
Anshul Kanvas Wagholi Pune Apartments Brochure.pdf
Anshul Kanvas Wagholi Pune Apartments Brochure.pdfAnshul Kanvas Wagholi Pune Apartments Brochure.pdf
Anshul Kanvas Wagholi Pune Apartments Brochure.pdf
 
Shapoorji Pallonji Codename Evolve Pine Bangalore.pdf
Shapoorji Pallonji Codename Evolve Pine Bangalore.pdfShapoorji Pallonji Codename Evolve Pine Bangalore.pdf
Shapoorji Pallonji Codename Evolve Pine Bangalore.pdf
 
Mantra Akrudi Pune | Lifestyle Amenities Rethink Luxury
Mantra Akrudi Pune | Lifestyle Amenities Rethink LuxuryMantra Akrudi Pune | Lifestyle Amenities Rethink Luxury
Mantra Akrudi Pune | Lifestyle Amenities Rethink Luxury
 
3 BHK Flats in Zirakpur for Sale - AJ Estates
3 BHK Flats in Zirakpur for Sale - AJ Estates3 BHK Flats in Zirakpur for Sale - AJ Estates
3 BHK Flats in Zirakpur for Sale - AJ Estates
 
Birla-Alokya Whitefield, Banglore-e-Brochure.pdf
Birla-Alokya Whitefield, Banglore-e-Brochure.pdfBirla-Alokya Whitefield, Banglore-e-Brochure.pdf
Birla-Alokya Whitefield, Banglore-e-Brochure.pdf
 
LCAR Unit 14 - Real Estate Brokerage - 14th Edition Revised
LCAR Unit 14 - Real Estate Brokerage - 14th Edition RevisedLCAR Unit 14 - Real Estate Brokerage - 14th Edition Revised
LCAR Unit 14 - Real Estate Brokerage - 14th Edition Revised
 
2023 NAR Profile of Home Buyers and Sellers
2023 NAR Profile of Home Buyers and Sellers2023 NAR Profile of Home Buyers and Sellers
2023 NAR Profile of Home Buyers and Sellers
 
Provident Manchester IVC Road Bangalore.pdf
Provident Manchester IVC Road Bangalore.pdfProvident Manchester IVC Road Bangalore.pdf
Provident Manchester IVC Road Bangalore.pdf
 
Kalpataru Jade Skyline Baner Pune | A New Way Of Living At An Affordable Price
Kalpataru Jade Skyline Baner Pune | A New Way Of Living At An Affordable PriceKalpataru Jade Skyline Baner Pune | A New Way Of Living At An Affordable Price
Kalpataru Jade Skyline Baner Pune | A New Way Of Living At An Affordable Price
 
4S Sector 59 In Gurugram | Invest, Nest, Rest
4S Sector 59  In Gurugram | Invest, Nest, Rest4S Sector 59  In Gurugram | Invest, Nest, Rest
4S Sector 59 In Gurugram | Invest, Nest, Rest
 
Benefits of buying ready to move in flats.
Benefits of buying ready to move in flats.Benefits of buying ready to move in flats.
Benefits of buying ready to move in flats.
 

Trebhousingmarketcharts september2012-121003121200-phpapp02

  • 1. Housing Market Charts – September 2012
  • 2. TorontoMLS Sales Monthly with Three Previous Years for Comparison 12,000 2009 2010 2011 2012 10,000 8,000 6,000 4,000 2,000 0 Source: Toronto Real Estate Board Explanation: This chart plots monthly MLS® sales for the current year and the previous three years. The recurring seasonal trend can be examined along with comparisons to previous years for each month.
  • 3. TorontoMLS New Listings Monthly with Three Previous Years for Comparison 25,000 2009 2010 2011 2012 20,000 15,000 10,000 5,000 0 Source: Toronto Real Estate Board Explanation: This chart plots monthly MLS® new listings for the current year and the previous three years. The recurring seasonal trend can be examined along with comparisons to previous years for each month.
  • 4. TorontoMLS Sales-to-New Listings Ratio Monthly with Three Previous Years for Comparison 1.10 2009 2010 2011 2012 1.00 0.90 0.80 0.70 0.60 0.50 0.40 0.30 0.20 0.10 0.00 Source: Toronto Real Estate Board Explanation: This chart plots the monthly MLS® sales-to-new listings ratio (SNLR) for the current year and the previous three years. The recurring seasonal trend can be examined along with comparisons to previous years for each month. When the SNLR moves higher, annual average price growth generally increases – often at a rate well above inflation. When the SNLR moves lower, annual average price growth generally declines and can become negative.
  • 5. TorontoMLS Average Resale Home Price Monthly with Three Previous Years for Comparison $550,000 2009 2010 2011 2012 $500,000 $450,000 $400,000 $350,000 $300,000 Source: Toronto Real Estate Board Explanation: This chart plots the monthly MLS® average home price for the current year and the previous three years. The recurring seasonal trend can be examined along with comparisons to previous years for each month.
  • 6. TorontoMLS Sales Monthly Time Series with Trend Line 12,000 Actual MLS® Sales 10,000 Trend (12-Month Moving Average) 8,000 6,000 4,000 2,000 Source: Toronto Real Estate Board Explanation: This chart plots monthly MLS® sales since January 1995. The blue line shows actual sales. The brown line is the trend computed using a 12-month moving average, which exhibits no seasonal variations or other irregular fluctuations. A substantial change in actual sales must occur to change the direction of the trend.
  • 7. TorontoMLS New Listings Monthly Time Series with Trend Line 22,000 20,000 Actual MLS® New Listings 18,000 Trend (12-Month Moving Average) 16,000 14,000 12,000 10,000 8,000 6,000 4,000 2,000 Source: Toronto Real Estate Board Explanation: This chart plots monthly MLS® new listings since January 1995. The blue line shows actual new listings. The brown line is the trend computed using a 12-month moving average, which exhibits no seasonal variations or other irregular fluctuations. A substantial change in actual new listings must occur to change the direction of the trend.
  • 8. TorontoMLS Average Price Monthly Time Series with Trend Line 575,000 Actual MLS® Average Price 525,000 475,000 Trend (12-Month Moving Average) 425,000 375,000 325,000 275,000 225,000 175,000 Source: Toronto Real Estate Board Explanation: This chart plots monthly MLS® average price since January 1995. The blue line shows the actual average price. The brown line is the trend computed using a 12-month moving average, which exhibits no seasonal variations or other irregular fluctuations. A substantial change in actual average price must occur to change the direction of the trend.
  • 9. TorontoMLS Sales-to-New Listings Ratio Compared to Average Annual Per Cent Change in Home Price Average Price Annual Per Cent Change 1.20 25% Sales-to-New Listings Ratio 1.00 20% 15% (Brown Line) 0.80 (Blue Line) 10% 0.60 5% 0.40 0% Sales-to-New Listings Ratio -5% 0.20 -10% Average Price Annual Per Cent Change 0.00 -15% Source: Toronto Real Estate Board Explanation: This chart plots the monthly sales-to-new listings ratio (blue line) with year-over-year average annual per cent price change (brown line). When the sales-to-new listings ratio moves higher, average annual per cent change in home prices generally trends higher. When the sales-to-new listings ratio moves lower, average annual per cent change in home prices generally trends lower.
  • 10. TREB Affordability Indicator Share of Average Household Income Used for Mortgage Principal and Interest, Property Taxes and Utilities on the Averaged Priced GTA Resale Home 55% 50% 45% 40% 35% 30% 25% Source: Toronto Real Estate Board Data and Calculation; Statistics Canada Explanation: This chart plots the share of average household income that goes toward mortgage principal and interest, property taxes and utilities for the average priced home in the GTA subject to the following assumptions: 1. Average annual or year-to-date home price as reported by TREB 2. 20 per cent down payment 3. Average 5-year fixed mortgage rate (Statistics Canada); 25-year amortization 4. Average property tax rate reported by/estimated from the Statistics Canada Survey of Household Spending 5. Average utilities cost reported by/estimated from the Statistics Canada Survey of Household Spending and components of the Consumer Price Index 6. Average household income reported by the Census of Canada. Years in between Censuses estimated using interpolation (years up to 2005) or annual growth in average weekly earnings reported by Statistics Canada in the Labour Force Survey (2006 onward).