GTA REALTORS® Release November Stats TORONTO, ONTARIO, December 5, 2018 – Toronto Real Estate Board President Garry Bhaura announced the continuation of moderate price growth in November 2018 compared to November 2017. The MLS® Home Price Index (HPI) Composite Benchmark was up by 2.7 per cent year-over-year. The average selling price was up by 3.5 per cent year-over-year to $788,345.
2. Toronto Employment
Growth
October 2018 0.6%
Month November 2018
1 Year
3 Year
5 Year
3.64%
4.29%
5.34%
November 2018
1 Year
3 Year
5 Year
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Market Watch
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GTA REALTORS® Release November Stats
TORONTO, ONTARIO, December 5, 2018 – Toronto Real Estate Board President Garry
Bhaura announced the continuation of moderate price growth in November 2018
compared to November 2017. The MLS® Home Price Index (HPI) Composite
Benchmark was up by 2.7 per cent year-over-year. The average selling price was up
by 3.5 per cent year-over-year to $788,345.
Greater Toronto Area REALTORS® reported 6,251 residential transactions through
TREB’s MLS® System in November 2018. This result was down by 14.7 per cent
compared to November 2017, when we saw a temporary upward shift in demand as
the market was distorted by the looming OSFI-mandated stress test at the end of last
year.
“New listings were actually down more than sales on a year-over-year basis in
November. This suggests that, in many neighbourhoods, competition between buyers
may have increased. Relatively tight market conditions over the past few months have
provided the foundation for renewed price growth,” said Mr. Bhaura.
On a preliminary seasonally adjusted basis, sales were down by 3.4 per cent compared
to October 2018. The average selling price after preliminary seasonal adjustment was
down by 0.8 per cent compared to October 2018.
“Home types with lower average price points have been associated with stronger rates
of price growth over the past few months. Given the impact of the OSFI-mandated
mortgage stress test and higher borrowing costs on affordability, it makes sense that
the condo apartment and semi-detached market segments experienced relatively
stronger rates of price growth in November, as market conditions in these segments
remained tight or tightened respectively over the past year,” said Jason Mercer,
TREB’s Director of Market Analysis.
TREB MLS® Sales Activity
6,251
7,326
November 2018 November 2017
TREB MLS® Average Price
$788,345
$761,410
November 2018 November 2017
Year-Over-Year Summary
2018 2017 % Chg.
Sales
New Listings
Active Listings
Average Price
Average DOM
6,251 7,326 -14.7%
10,534 14,260 -26.1%
16,420 18,197 -9.8%
$788,345 $761,410 3.5%
27 24 12.5%
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
Q3 2018 2.0%
Toronto Unemployment
Rate
October 2018 6.3%
Inflation Rate (Yr./Yr. CPI
Growth)
October 2018 2.4%
Bank of Canada Overnight
Rate
November 2018 -- 1.75%
Prime Rate
November 2018 -- 3.95%
Economic Indicators
Metrics Sales Average Price
416 905 Total 416 905 Total
2018
Detached
Semi - Detached
Townhouse
Condo Apartment
705 1,960 2,665 $1,301,382 $903,517 $1,008,768
209 412 621 $1,060,359 $655,504 $791,760
263 724 987 $739,837 $613,846 $647,418
1,370 521 1,891 $595,678 $454,288 $556,723
Sales & Average Price By Major Home Type
November 2018
November 2018
i
ii
ii
iii
iv
Detached
Semi - Detached
Townhouse
Condo Apartment
1.8% 0.8% 1.3%
17.2% 3.6% 8.3%
-2.9% 4.7% 3.1%
7.0% 9.5% 7.5%
Detached
Semi - Detached
Townhouse
Condo Apartment
-12.5% -14.8% -14.2%
-21.4% -12.5% -15.7%
-6.1% -19.6% -16.4%
-14.2% -13.5% -14.0%
1,7
1,7
1,7
1,7
Year-Over-Year Per Cent Change
Mortgage Rates
3. Toronto Real Estate Board
Market Watch, November 2018
SALES BY PRICE RANGE AND HOUSE TYPE NOVEMBER 2018
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 0 0 0 0 0 0
2 0 0 1 6 0 0 0 0 9
9 0 0 8 58 0 2 0 1 78
31 12 3 46 339 2 1 0 2 436
132 32 39 114 562 13 3 1 0 896
228 72 114 156 403 18 0 1 0 992
333 192 145 73 232 4 2 0 0 981
412 142 89 39 117 13 0 0 0 812
377 53 53 11 57 11 0 1 0 563
280 27 36 10 34 9 0 0 0 396
361 42 17 3 38 2 1 0 0 464
174 26 10 8 15 0 0 0 0 233
114 5 3 3 8 0 0 0 0 133
56 7 1 2 5 0 0 0 0 71
156 11 3 0 17 0 0 0 0 187
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 11 0 0 0 0 14
29 1 1 28 93 0 8 0 2 162
129 9 4 107 694 0 13 0 6 962
501 122 68 608 4,382 12 16 2 18 5,729
1,444 339 586 1,499 6,355 179 17 10 8 10,437
2,608 824 1,584 1,507 4,280 215 4 19 2 11,043
3,996 2,041 1,912 879 2,471 135 13 4 1 11,452
4,841 1,554 1,037 345 1,227 158 1 9 0 9,172
4,320 677 615 175 778 144 2 6 0 6,717
3,185 371 334 111 435 77 6 1 0 4,520
4,516 462 237 84 423 51 2 3 0 5,778
2,607 260 97 69 213 4 4 2 0 3,256
1,331 86 40 18 107 0 0 1 0 1,583
727 40 14 11 64 0 0 0 0 856
1,728 85 21 22 138 0 0 2 0 1,996
SALES BY PRICE RANGE AND HOUSE TYPE YEAR-TO-DATE, 2018
Total Sales
Share of Total Sales
Average Price
2,665 621 513 474 1,891 72 9 3 3 6,251
42.6% 9.9% 8.2% 7.6% 30.3% 1.2% 0.1% 0.0% 0.0% 100.0%
$1,008,768 $791,760 $711,851 $577,683 $556,723 $676,762 $517,001 $586,333 $330,000 $788,345
Total Sales
Share of Total Sales
Average Price
31,964 6,871 6,551 5,463 21,671 975 86 59 37 73,677
43.4% 9.3% 8.9% 7.4% 29.4% 1.3% 0.1% 0.1% 0.1% 100.0%
$1,012,696 $781,951 $694,001 $571,767 $552,346 $680,396 $510,963 $743,897 $363,281 $789,217
1,7
1,7
28. Toronto Real Estate Board
Market Watch, November 2018
HISTORIC ANNUAL STATISTICS
27
Year Sales Average Price
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
83,084 $351,941
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
2017 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).
2018 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
3,987 $735,874
5,149 $767,799
7,188 $784,514
7,744 $804,926
7,717 $803,572
8,026 $808,108
6,917 $781,939
6,805 $765,676
6,419 $796,702
7,474 $808,034
6,251 $788,345
- -
73,677 $785,953
January
February
March
April
May
June
July
August
September
October
November
December
Annual
5,154 $768,427
7,955 $876,363
11,953 $915,089
11,463 $918,130
10,066 $862,149
7,893 $791,929
5,868 $745,816
6,306 $730,969
6,334 $774,487
7,069 $780,400
7,326 $761,410
4,876 $734,847
92,263 $822,572
1,6,7
1,7
1,7
http://www.torontorealestateboard.com/market_news/market_watch/historic_stats/p
df/TREB_historic_statistics.pdf
Copyright® 2018 Toronto Real Estate Board
$789,21773,677