TORONTO, January 17, 2014 – Greater Toronto Area REALTORS® reported 1,287 transactions through the TorontoMLS system during the first two weeks of 2014. This result was down by approximately eight per cent compared to 1,396 sales reported during the same period in 2013. New listings entered into the system were down by a greater 20 per cent year-over-year.

1. NEWS RELEASE
GTA REALTORS® RELEASE MID-MONTH RESALE HOUSING FIGURES
TORONTO, January 17, 2014 – Greater Toronto Area REALTORS® reported 1,287 transactions through
the TorontoMLS system during the first two weeks of 2014. This result was down by approximately eight
per cent compared to 1,396 sales reported during the same period in 2013. New listings entered into the
system were down by a greater 20 per cent year-over-year.
“The expectation is that home sales through the TorontoMLS System will be up in 2014. This is because
the cost of purchasing an average priced home, including mortgage payments, property taxes and
utilities, will remain affordable for a household earning the average income in the GTA,” said Toronto Real
Estate Board President Dianne Usher.
“Aside from the fact that January sales from year-to-year tend to be volatile, the dip in sales during the
first two weeks in January was likely due in large part to a lack of new listings. Quite simply, some wouldbe home buyers could not find a home that met their needs,” continued Ms. Usher.
The average selling price for the first 14 days of January 2014 was $515,990 – up by 12 per cent
compared to the average price reported for the same timeframe in 2013.
“The average selling price in the GTA will continue to trend upward in 2014. Listings will remain below
the pre-recession peak and sales are expected to increase over 2013. This means that we will continue
to see substantial competition between buyers for some home types and in some areas of the GTA,” said
Jason Mercer, TREB’s Senior Manager of Market Analysis.
Summary of TorontoMLS Sales and Average Price January 1 - 14
2014
2013
Sales
Average Price
New Listings
Sales
Average Price
New Listings
City of Toronto ("416")
483
$517,219
1,360
507
$465,298
1,623
Rest of GTA ("905")
804
$515,252
2,003
889
$457,805
2,588
1,287
$515,990
3,363
1,396
$460,527
4,211
GTA
TorontoMLS Sales & Average Price By Home Type January 1 - 14, 2014
Sales
Average Price
416
Detached
Yr./Yr. % Change
Semi-Detached
Yr./Yr. % Change
Townhouse
Yr./Yr. % Change
Condo Apartment
Yr./Yr. % Change
905
Total
416
905
Total
116
427
543
894,654
636,263
691,462
-13.4%
-11.4%
-11.9%
21.1%
15.0%
16.5%
40
85
125
581,475
432,405
480,107
2.6%
-18.3%
-12.6%
13.8%
5.8%
9.9%
56
158
214
433,616
391,467
402,497
-12.5%
-8.7%
-9.7%
5.0%
9.5%
8.1%
266
115
381
364,645
305,054
346,658
0.4%
2.7%
1.1%
7.9%
17.9%
10.3%
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. Over 37,000 TREB Members serve consumers in the Greater Toronto Area. The
Toronto Real Estate Board is Canada’s largest real estate board.
Media Inquiries: Mary Gallagher, Senior Manager Public Affairs (416) 443-8158 maryg@trebnet.com
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