1. For All TREB Member Inquiries:
(416) 443-8152
For All Media/Public Inquiries:
December 2012 (416) 443-8158
Economic Indicators Average Home Price Up Strongly in 2012 TorontoMLS Sales Activity1,7
TORONTO, January 4, 2013 – Greater Toronto Area REALTORS® reported
Real GDP Growthi 3,690 sales through the TorontoMLS system in December 2012 – down from
Q3 2012 t 0.6% 4,585 sales in December 2011. Total sales for 2012 amounted to 85,731 –
down from 89,096 transactions in 2011.
Toronto Employment Growthi i
November 2012 t 4.1% “The number of transactions in 2012 was quite strong from a historic 4,585
perspective. We saw strong year-over-year growth in sales in the first half of 3,690
Toronto Unemployment Rate the year, but this growth was more than offset by sales declines in the second
November 2012 u 8.4% half. Stricter mortgage lending guidelines resulted in some households
ii postponing their purchase of a home. In the City of Toronto, the dip in sales
Inflation (Yr./Yr. CPI Growth) was compounded by the additional Land Transfer Tax, which buyers must pay
November 2012 u 0.8% upfront,” said Toronto Real Estate Board (TREB) President Ann Hannah. December 2012 December 2011
Bank of Canada Overnight Rate The average selling price in December 2012 was up by 6.5 per cent year-over-
iii
year to $478,739. The average selling price for 2012 as a whole was up by
December 2012 q 1.0% TorontoMLS Average Price1,7
almost seven per cent to $497,298.
iv
Prime Rate “Robust annual rates of price growth were reported through most months of
December 2012 q 3.0% 2012. Price growth was strongest for low-rise homes, including singles, semis
and townhouses. Despite a dip in sales, market conditions remained tight for
iv
Mortgage Rates (Dec. 2012) these home types with substantial competition between buyers,” said TREB’s
$478,739
$449,566
Chartered Bank Fixed Rates Senior Manager of Market Analysis Jason Mercer.
1 Year u 3.00%
1,7
3 Year q 3.70% Sales & Average Price By Major Home Type
5 Year q 5.24%
December 2012
Sources and Notes: Sales Average Price
i
Statistics Canada, Quarter-over-quarter 416 905 Total 416 905 Total December 2012 December 2011
growth, annualized
Detached 491 1,254 1,745 $722,393 $565,544 $609,678
ii
Statistics Canada, Year-over-year growth 1,7
for the most recently reported month
Yr./Yr. % Change -12.3% -13.6% -13.2% 2.4% 8.1% 6.2% Year-Over-Year Summary
Semi-Detached 129 242 371 $556,260 $385,723 $445,020 2012 2011 % Chg.
iii
Bank of Canada, Rate from most recent
Yr./Yr. % Change -35.2% -15.4% -23.5% 7.4% 5.6% 4.0% Sales 3,690 4,585 -19.5%
Bank of Canada announcement
iv
Townhouse 154 423 577 $392,590 $347,897 $359,825 New Listings 4,295 4,774 -10.0%
Bank of Canada, Rates for most recently
completed month Yr./Yr. % Change -20.2% -15.2% -16.6% 5.2% 5.2% 5.1% Active Listings 13,241 12,868 2.9%
Condo Apartment 680 263 943 $342,847 $281,458 $325,726 Average Price $478,739 $449,566 6.5%
Yr./Yr. % Change -26.9% -26.3% -26.7% -1.8% 2.1% -0.9% Average DOM 36 32 10.6%
2. Toronto Real Estate Board
SALES BY PRICE RANGE AND HOUSE TYPE1,7 DECEMBER 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 2 0 0 1 15 0 0 0 0 18
$100,000 to $199,999 28 7 2 34 136 0 2 0 0 209
$200,000 to $299,999 142 32 39 113 326 3 2 1 2 660
$300,000 to $399,999 279 126 110 106 280 14 0 0 1 916
$400,000 to $499,999 355 121 70 34 103 15 0 1 0 699
$500,000 to $599,999 294 44 29 12 40 7 0 0 0 426
$600,000 to $699,999 207 17 14 4 19 2 1 0 0 264
$700,000 to $799,999 142 14 3 1 7 2 0 0 0 169
$800,000 to $899,999 83 5 2 0 2 0 1 0 0 93
$900,000 to $999,999 57 2 0 2 4 0 0 0 0 65
$1,000,000 to $1,249,999 55 1 0 0 4 0 0 0 0 60
$1,250,000 to $1,499,999 42 1 0 1 3 0 0 0 0 47
$1,500,000 to $1,749,999 21 0 0 0 0 0 0 0 0 21
$1,750,000 to $1,999,999 15 0 0 0 1 0 0 0 0 16
$2,000,000 + 23 1 0 0 3 0 0 0 0 27
Total Sales 1,745 371 269 308 943 43 6 2 3 3,690
Share of Total Sales 47.3% 10.1% 7.3% 8.3% 25.6% 1.2% 0.2% 0.1% 0.1% -
Average Price $609,678 $445,020 $402,903 $322,202 $325,726 $440,412 $370,625 $380,000 $285,667 $478,739
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 41 3 8 25 224 0 9 0 8 318
$100,000 to $199,999 617 164 60 716 2,566 13 44 0 13 4,193
$200,000 to $299,999 3,078 661 1,116 2,253 6,542 339 26 22 43 14,080
$300,000 to $399,999 6,478 2,967 2,245 2,462 5,990 292 21 33 13 20,501
$400,000 to $499,999 8,059 3,156 1,855 773 2,401 379 11 10 7 16,651
$500,000 to $599,999 7,149 1,194 778 239 909 308 9 6 0 10,592
$600,000 to $699,999 5,080 547 368 135 439 72 2 4 0 6,647
$700,000 to $799,999 3,433 315 108 87 190 11 3 1 0 4,148
$800,000 to $899,999 2,222 169 77 31 116 0 1 1 0 2,617
$900,000 to $999,999 1,257 85 29 13 63 0 0 0 0 1,447
$1,000,000 to $1,249,999 1,575 74 30 16 114 2 2 1 0 1,814
$1,250,000 to $1,499,999 1,001 43 10 5 46 0 1 0 0 1,106
$1,500,000 to $1,749,999 526 23 10 3 33 0 0 1 0 596
$1,750,000 to $1,999,999 297 9 2 0 15 0 0 0 0 323
$2,000,000 + 658 9 2 1 28 0 0 0 0 698
Total Sales 41,471 9,419 6,698 6,759 19,676 1,416 129 79 84 85,731
Share of Total Sales 48.4% 11.0% 7.8% 7.9% 23.0% 1.7% 0.2% 0.1% 0.1% -
Average Price $625,859 $459,943 $421,413 $329,042 $336,522 $414,559 $300,006 $404,730 $249,324 $497,298
Page 3 July 2010
Market Watch, December 2012 2