Greater Toronto Area REALTORS® reported 8,860 sales through TREB's MLS® System in June 2019, representing a 10.4 per cent increase compared to June 2018. Over the same time period, total new listings remained at a similar level for the month of June and active listings at month-end were down by 5.7 per cent.
The overall average selling price in June 2019 was $832,703 – up by three per cent compared to the average of $808,066 in June 2018. Price growth was driven by the higher density market segments, including semi-detached houses, townhouses and condominium apartments. The MLS® Home Price Index Composite Benchmark was up by a similar annual rate of 3.6 per cent. For the first half of 2019, the average selling price was $810,661, representing an increase of 2.4 per cent compared to the first half of 2018.
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TORONTO REAL ESTATE BOARD'S -- MARKET WATCH - JUNE 2019
1.
2. Toronto Employment
Growth
May 2019 3.8%
Month June 2019
1 Year
3 Year
5 Year
3.64%
4.29%
5.34%
June 2019
1 Year
3 Year
5 Year
--
--
--
Market Watch
For All TREB Member Inquiries:
(416) 443-8158
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GTA REALTORS® Release June 2019 Stats
TORONTO, July 4, 2019 – The new President of the Toronto Real Estate Board, Michael Collins,
announced that Greater Toronto Area REALTORS® reported 8,860 sales through TREB’s MLS®
System in June 2019, representing a 10.4 per cent increase compared to June 2018. Over the same
time period, total new listings remained at a similar level for the month of June and active listings at
month-end were down by 5.7 per cent.
Sales and new listings statistics for the first half of 2019 compared to the same period in 2018 painted
a similar story to that of June. Sales were up by 8.5 per cent, while new listings were up by less than
one per cent. This shows that sales accounted for a greater share of listings compared to last year,
which means that competition between buyers increased, resulting in renewed price growth in many
segments of the market.
“As I start my term as President of the Toronto Real Estate Board, I am proud to say that the Greater
Toronto Area continues to grow, in terms of employment, population and overall diversity. As people
are attracted to our region from all around the world, they obviously need a place to live. Over the
next year, as demand for ownership and rental housing continues to grow, my hope is that we will see
more movement from policy makers on two fronts: alleviating the constrained supply of housing and
providing more flexibility around demand-side policies, including the OSFI two percentage point
mortgage stress test and allowable amortization periods on insured mortgages,” said Mr. Collins.
The overall average selling price in June 2019 was $832,703 – up by three per cent compared to the
average of $808,066 in June 2018. Price growth was driven by the higher density market segments,
including semi-detached houses, townhouses and condominium apartments. The MLS® Home Price
Index Composite Benchmark was up by a similar annual rate of 3.6 per cent. For the first half of
2019, the average selling price was $810,661, representing an increase of 2.4 per cent compared to
the first half of 2018.
“Buyers started moving off the sidelines in the spring, as evidenced by strong year-over-year price
growth throughout the second quarter. However, because we saw virtually no change in the number
of new listings, market conditions tightened and price growth picked up, especially for more higher
density home types, which, on average, are less-expensive than traditional detached houses and
therefore provide more affordable housing options under the new OSFI stress test regime,” said Jason
Mercer, TREB’s Chief Market Analyst.
TREB MLS® Sales Activity
8,860
8,024
June 2019 June 2018
TREB MLS® Average Price
$832,703
$808,066
June 2019 June 2018
Year-Over-Year Summary
2019 2018 % Chg.
Sales
New Listings
Active Listings
Average Price
Average DOM
8,860 8,024 10.4%
15,816 15,876 -0.4%
19,655 20,844 -5.7%
$832,703 $808,066 3.0%
21 21 0.0%
Sources and Notes:
i - Statistics Canada, Quarter-over-quarter
growth, annualized
ii - Statistics Canada, Year-over-year
growth for the most recently reported
month
iii - Bank of Canada, Rate from most
recent Bank of Canada announcement
iv - Bank of Canada, Rates for most
recently completed month
Real GDP Growth
Q1 2019 -- 0.4%
Toronto Unemployment
Rate
May 2019 6.3%
Inflation Rate (Yr./Yr. CPI
Growth)
May 2019 2.4%
Bank of Canada Overnight
Rate
June 2019 -- 1.75%
Prime Rate
June 2019 -- 3.95%
Economic Indicators
Metrics Sales Average Price
416 905 Total 416 905 Total
2019
Detached
Semi - Detached
Townhouse
Condo Apartment
995 3,230 4,225 $1,332,639 $922,367 $1,018,987
333 553 886 $1,055,423 $694,282 $830,015
356 1,124 1,480 $810,039 $618,958 $664,921
1,497 652 2,149 $636,606 $483,893 $590,274
Sales & Average Price By Major Home Type
June 2019
June 2019
i
ii
ii
iii
iv
Detached
Semi - Detached
Townhouse
Condo Apartment
-1.6% -0.7% -1.4%
5.4% 4.3% 5.3%
9.2% 1.6% 3.9%
5.1% 7.7% 5.2%
Detached
Semi - Detached
Townhouse
Condo Apartment
13.6% 20.3% 18.6%
12.5% 7.6% 9.4%
17.5% 10.4% 12.0%
-5.6% 2.7% -3.2%
1,7
1,7
1,7
1,7
Year-Over-Year Per Cent Change
Mortgage Rates
3. Toronto Real Estate Board
Market Watch, June 2019
SALES BY PRICE RANGE AND HOUSE TYPE JUNE 2019
2
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
$100,000 to $199,999
$200,000 to $299,999
$300,000 to $399,999
$400,000 to $499,999
$500,000 to $599,999
$600,000 to $699,999
$700,000 to $799,999
$800,000 to $899,999
$900,000 to $999,999
$1,000,000 to $1,249,999
$1,250,000 to $1,499,999
$1,500,000 to $1,749,999
$1,750,000 to $1,999,999
$2,000,000+
0 0 0 0 1 0 0 0 0 1
4 0 0 1 2 0 0 0 0 7
11 0 0 2 25 0 1 1 0 40
48 10 10 44 283 1 2 0 4 402
165 35 64 159 628 11 0 2 3 1,067
316 65 165 202 474 13 1 7 0 1,243
481 198 241 149 327 16 0 1 0 1,413
615 265 150 52 158 12 0 0 1 1,253
651 114 70 26 93 16 0 3 0 973
451 56 37 19 48 12 1 2 0 626
630 60 27 17 46 7 1 1 0 789
337 44 21 4 26 0 0 0 0 432
187 21 5 3 13 1 0 0 0 230
104 7 2 2 12 0 0 0 0 127
225 11 5 3 13 0 0 0 0 257
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
$100,000 to $199,999
$200,000 to $299,999
$300,000 to $399,999
$400,000 to $499,999
$500,000 to $599,999
$600,000 to $699,999
$700,000 to $799,999
$800,000 to $899,999
$900,000 to $999,999
$1,000,000 to $1,249,999
$1,250,000 to $1,499,999
$1,500,000 to $1,749,999
$1,750,000 to $1,999,999
$2,000,000+
2 0 1 0 2 0 0 0 0 5
26 0 0 4 33 0 3 0 0 66
60 1 1 40 206 0 9 1 7 325
266 63 43 274 1,778 5 6 3 11 2,449
749 190 353 833 3,446 60 2 11 11 5,655
1,518 395 808 915 2,615 76 3 8 1 6,339
2,345 974 1,255 651 1,609 65 1 8 2 6,910
3,083 1,160 719 244 766 83 0 8 1 6,064
2,946 502 444 111 469 81 2 6 0 4,561
2,202 266 189 81 268 32 3 6 0 3,047
2,951 285 154 71 263 17 2 3 0 3,746
1,630 203 80 26 114 0 2 1 0 2,056
850 84 28 17 68 1 0 1 0 1,049
439 41 8 6 46 0 0 0 0 540
1,000 42 15 6 75 0 0 0 0 1,138
SALES BY PRICE RANGE AND HOUSE TYPE YEAR-TO-DATE, 2019
Total Sales
Share of Total Sales
Average Price
4,225 886 797 683 2,149 89 6 17 8 8,860
47.7% 10.0% 9.0% 7.7% 24.3% 1.0% 0.1% 0.2% 0.1% 100.0%
$1,018,987 $830,015 $713,540 $608,187 $590,274 $744,301 $594,083 $666,277 $426,875 $832,703
Total Sales
Share of Total Sales
Average Price
20,067 4,206 4,098 3,279 11,758 420 33 56 33 43,950
45.7% 9.6% 9.3% 7.5% 26.8% 1.0% 0.1% 0.1% 0.1% 100.0%
$1,008,177 $812,776 $708,765 $588,368 $576,790 $698,221 $531,856 $703,829 $394,603 $810,661
1,7
1,7
28. Toronto Real Estate Board
Market Watch, June 2019
HISTORIC ANNUAL STATISTICS
27
Year Sales Average Price
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
93,193 $376,236
74,552 $379,347
87,308 $395,460
85,545 $431,276
89,096 $465,014
85,496 $497,130
87,049 $522,958
92,782 $566,624
101,213 $622,121
113,040 $729,837
92,263 $822,572
2018 MONTHLY STATISTICS
NOTES
1 - Sales, dollar volume, average sale prices and median sale prices are based on firm transactions entered into the TREB MLS® system between the
first and last day of the month/period being reported.
2 - New listings entered into the TREB MLS® system between the first and last day of the month/period being reported.
3 - Active listings at the end of the last day of the month/period being reported.
4 - Ratio of the average selling price to the average listing price for firm transactions entered into the TREB MLS® system between the first and last day
of the month/period being reported.
5 - Average number of days on the market for firm transactions entered into the TREB MLS® system between the first and last day of the month/period
being reported.
6 - Due to past changes to TREB's service area, caution should be exercised when making historical comparisons.
7 - Past monthly and year-to-date figures are revised on a monthly basis.
8 - SNLR = Sales-to-New Listings Ratio. Calculated using a 12-month moving average (sales/new listings).
9 - Mos. Inv. = Months of Inventory. Calculated using a 12-month moving average (active listings/sales).
2019 MONTHLY STATISTICS
*For historic annual sales and average price data over a longer time frame go to:
January
February
March
April
May
June
July
August
September
October
November
December
Year to Date
3,974 $748,469
4,984 $779,694
7,142 $788,299
9,016 $820,601
9,974 $838,361
8,860 $832,703
- -
- -
- -
- -
- -
- -
43,950 $801,354
January
February
March
April
May
June
July
August
September
October
November
December
Annual
3,987 $735,874
5,148 $767,801
7,188 $784,514
7,742 $804,894
8,402 $809,305
8,024 $808,066
6,916 $781,918
6,797 $765,252
6,414 $796,782
7,448 $807,538
6,208 $787,758
3,749 $749,580
78,023 $787,918
1,6,7
1,7
1,7
http://www.torontorealestateboard.com/market_news/market_watch/historic_stats/p
df/TREB_historic_statistics.pdf
Copyright® 2019 Toronto Real Estate Board
$810,66143,950