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August 2013 Mid Month Housing Report

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Mid August 2013 Market Results

Publié dans : Immobilier
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August 2013 Mid Month Housing Report

  1. 1. Get the latest real estate news and Market Watch information including market watch summary video twitter.com/TREBhome facebook.com/TorontoRealEstateBoard youtube.com/TREBChannel GTA REALTORS® RELEASE MID-MONTH RESALE FIGURES TORONTO, August 16, 2013 – Greater Toronto Area REALTORS® reported 3,359 sales through the TorontoMLS system during the first two weeks of August 2013. This result represented a 22 per cent increase compared to 2,743 sales in August 2012. Sales were up on a year-over-year basis for all home types. Total new listings were up over the same period, but by a much lesser rate than sales. “The strong annual sales growth experienced in July was sustained in the first two weeks of August. The fact that sales were up for all major home types in the City of Toronto and surrounding regions suggests that a wide range of buyers are active in the marketplace today – from first-time buyers through to existing home owners whose housing needs have changed,” said Toronto Real Estate Board President Dianne Usher. The average selling price during the first two weeks of August 2013 was $494,617 – up three per cent in comparison to the same period in 2012. “Sales growth that is stronger than new listings growth is indicative of more competition between buyers. Against this backdrop, it makes sense that the average selling price continued to grow,” said Jason Mercer, TREB’s Senior Manager of Market Analysis. Summary  of  TorontoMLS  Sales  and  Average  Price                                 August  1  -­‐  14     2013   2012     Sales   Average  Price   New  Listings   Sales   Average  Price   New  Listings   City  of  Toronto  ("416")   1,164   $507,288     2,156   978   $503,559     1,954   Rest  of  GTA  ("905")   2,195   $487,897     3,623   1,765   $466,208     3,466   GTA   3,359   $494,617     5,779   2,743   $479,525     5,420   Source:  Toronto  Real  Estate  Board     CONTINUED…                     NEWS RELEASE
  2. 2. PAGE 2 Get the latest real estate news and Market Watch information including market watch summary video twitter.com/TREBhome facebook.com/TorontoRealEstateBoard youtube.com/TREBChannel For Media/Public Inquiries: Mary Gallagher, Senior Manager Media Relations Toronto Real Estate Board 1400 Don Mills Road Toronto ON M3B 3N1 Office: (416) 443-8158 Email:maryg@trebnet.com TorontoMLS  Sales  &  Average  Price    By  Home  Type     August  1  -­‐  14,  2013     Sales   Average  Price     416   905   Total   416   905   Total                Detached   345   1,243   1,588   756,278   581,146   619,194   Yr./Yr.  %  Change   12.0%   27.1%   23.5%   -­‐2.2%   3.7%   1.3%   Semi-­‐Detached   100   246   346   576,055   409,728   457,799   Yr./Yr.  %  Change   17.6%   17.1%   17.3%   12.9%   3.8%   7.0%   Townhouse   125   437   562   421,126   375,489   385,640   Yr./Yr.  %  Change   12.6%   29.3%   25.2%   -­‐3.7%   6.4%   3.2%   Condo  Apartment   585   216   801   368,058   282,231   344,913   Yr./Yr.  %  Change   25.5%   13.1%   21.9%   7.8%   1.3%   6.7%   Source:  Toronto  Real  Estate  Board         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 -30-

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