In April 2013, there were 9,811 home sales in the Greater Toronto Area through the TorontoMLS system, representing a 2% decrease from April 2012. The average selling price was $526,335, up 2% from April 2012. New listings and active listings at the end of April increased compared to the previous year. The condominium apartment segment saw price growth, with the average selling price and MLS HPI apartment index both up year-over-year.
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TREB Market Watch April 2013
1. 9,811 10,021
April 2013 April 2012
$526,335
$515,888
April 2013 April 2012
Market Watch
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Real GDP Growthi
Q4 2012 t 0.6%
Toronto Employment Growthii
March 2013 t 4.1%
Toronto Unemployment Rate
March 2013 q 8.4%
Inflation (Yr./Yr. CPI Growth)ii
March 2013 u 1.0%
Bank of Canada Overnight Rateiii
April 2013 q 1.0%
Prime Rate
iv
April 2013 q 3.0%
Mortgage Rates (Apr. 2013)
iv
Chartered Bank Fixed Rates
1 Year q 3.00%
3 Year q 3.55%
5 Year q 5.14%
Sources and Notes:
Economic Indicators
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
Sales & Average Price By Major Home Type1,7
416 905 Total 416 905 Total
Detached 1,264 3,675 4,939 $852,090 $588,784 $656,170
Yr./Yr. % Change -11.8% 2.5% -1.6% 2.5% 2.2% 1.1%
Semi-Detached 415 681 1,096 $595,398 $410,739 $480,660
Yr./Yr. % Change -5.5% 1.3% -1.4% 2.4% 4.3% 2.7%
Townhouse 398 1,123 1,521 $433,710 $375,269 $390,562
Yr./Yr. % Change -3.6% -1.2% -1.9% 2.3% 3.5% 3.1%
Condo Apartment 1,479 582 2,061 $379,266 $273,832 $349,493
Yr./Yr. % Change -1.3% -7.3% -3.1% 5.6% -5.9% 3.1%
April 2013
Sales Average Price
Market Conditions Promote Price Growth in April
TORONTO, May 3, 2013 – Greater Toronto Area REALTORS® reported 9,811 sales
through the TorontoMLS system in April 2013, representing a dip of two per cent in
comparison to 10,021 transactions in April 2012. Both new listings during the month
and active listings at the end of April were up on a year-over-year basis.
“Despite the headwinds we have experienced in the housing market this year, April
sales came in quite strong in comparison to last year. As we move through the spring
and into the second half of 2013, the demand for home ownership should continue to
firm-up relative to last year,” said Toronto Real Estate Board President Ann Hannah.
“It has been almost a year since the federal government enacted stricter mortgage
lending guidelines. It is realistic to surmise that some households, who originally put
their decision to purchase on hold, are once again looking to buy,” continued Ms.
Hannah.
The average selling price for April 2013 transactions was $526,335 – up by two per cent
in comparison to April 2012. The MLS® HPI Composite Benchmark Price was up by 2.9
per cent.
“The condominium apartment segment in the City of Toronto was a key driver of price
growth in April, with both the average selling price and the MLS HPI apartment index
up on a year-over-year basis. The improved condo sales picture, with Toronto sales
down by only one per cent compared to last year, suggests that interest in condo
ownership may be improving," said Jason Mercer, TREB's Senior Manager of Market
Analysis.
2013 2012 % Chg.
Sales 9,811 10,021 -2.1%
New Listings 18,270 16,470 10.9%
Active Listings 20,866 18,379 13.5%
Average Price $526,335 $515,888 2.0%
Average DOM 23 21 10.1%
Year-Over-Year Summary
1,7
TorontoMLS Sales Activity1,7
TorontoMLS Average Price1,7
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 3 0 2 2 12 0 2 0 1 22
$100,000 to $199,999 45 8 2 65 281 0 5 0 1 407
$200,000 to $299,999 269 65 90 202 646 33 2 1 4 1,312
$300,000 to $399,999 679 284 272 289 621 31 3 3 1 2,183
$400,000 to $499,999 904 395 246 106 255 32 1 2 0 1,941
$500,000 to $599,999 878 179 106 20 105 50 0 1 0 1,339
$600,000 to $699,999 660 75 59 13 56 16 1 0 0 880
$700,000 to $799,999 422 37 16 9 32 3 1 0 0 520
$800,000 to $899,999 336 18 5 8 22 0 0 0 0 389
$900,000 to $999,999 189 11 1 0 11 0 0 0 0 212
$1,000,000 to $1,249,999 230 11 3 2 7 0 0 0 0 253
$1,250,000 to $1,499,999 136 7 2 0 2 0 0 0 0 147
$1,500,000 to $1,749,999 69 2 0 0 0 0 0 0 0 71
$1,750,000 to $1,999,999 34 1 1 0 1 0 0 0 0 37
$2,000,000 + 85 3 0 0 10 0 0 0 0 98
Total Sales 4,939 1,096 805 716 2,061 165 15 7 7 9,811
Share of Total Sales 50.3% 11.2% 8.2% 7.3% 21.0% 1.7% 0.2% 0.1% 0.1% -
Average Price $656,170 $480,660 $434,994 $340,605 $349,493 $445,222 $279,573 $387,443 $218,943 $526,335
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 8 0 3 9 55 0 5 0 2 82
$100,000 to $199,999 137 32 8 164 824 1 14 0 3 1,183
$200,000 to $299,999 833 198 278 606 2,022 84 6 5 11 4,043
$300,000 to $399,999 1,862 839 784 776 1,869 109 8 5 4 6,256
$400,000 to $499,999 2,523 1,076 656 278 745 105 2 6 0 5,391
$500,000 to $599,999 2,410 438 289 81 287 109 2 3 0 3,619
$600,000 to $699,999 1,685 192 139 37 145 39 2 2 0 2,241
$700,000 to $799,999 1,149 89 48 28 77 5 1 0 0 1,397
$800,000 to $899,999 809 58 17 15 41 0 0 0 0 940
$900,000 to $999,999 464 34 9 7 30 0 1 0 0 545
$1,000,000 to $1,249,999 564 32 7 4 26 0 0 0 0 633
$1,250,000 to $1,499,999 360 11 4 0 14 0 0 0 0 389
$1,500,000 to $1,749,999 200 9 1 0 4 0 0 0 0 214
$1,750,000 to $1,999,999 105 4 2 0 2 0 0 0 0 113
$2,000,000 + 217 7 0 1 14 0 0 0 0 239
Total Sales 13,326 3,019 2,245 2,006 6,155 452 41 21 20 27,285
Share of Total Sales 48.8% 11.1% 8.2% 7.4% 22.6% 1.7% 0.2% 0.1% 0.1% -
Average Price $648,009 $475,107 $430,114 $341,479 $338,143 $432,051 $277,012 $414,886 $231,675 $513,894
SALES BY PRICE RANGE AND HOUSE TYPE1,7
APRIL 2013
SALES BY PRICE RANGE AND HOUSE TYPE1,7
YEAR-TO-DATE, 2013
Market Watch, April 2013 2
Toronto Real Estate Board
27. July 2010Page 3
Toronto Real Estate Board
Market Watch, April 2013 27
YEAR SALES AVERAGE PRICE
2002 74,759 $275,231
2003 78,898 $293,067
2004 83,501 $315,231
2005 84,145 $335,907
2006 83,084 $351,941
2007 93,193 $376,236
2008 74,552 $379,347
2009 87,308 $395,460
2010 85,545 $431,276
2011 89,096 $465,014
2012 85,512 $497,128
January 4,432 $462,655
February 6,809 $500,249
March 9,385 $500,875
April 10,021 $515,888
May 10,545 $514,547
June 9,129 $507,342
July 7,338 $475,523
August 6,250 $477,174
September 5,687 $501,326
October 6,716 $502,103
November 5,618 $484,102
December 3,582 $477,756
Annual 85,512 $497,128
January 4,238 $481,985
February 5,630 $510,077
March 7,606 $518,450
April 9,811 $526,335
May - -
June - -
July - -
August - -
September - -
October - -
November - -
December - -
Year-to-Date 27,285 $513,894
HISTORIC ANNUAL STATISTICS1,6,7
2013 MONTHLY STATISTICS1,7
2012 MONTHLY STATISTICS1,7
*For historic annual sales and average price data over a longer time frame go to:
http://www.torontorealestateboard.com/market_news/market_watch/histori
c_stats/pdf/TREB_historic_statistics.pdf
NOTES
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).
7
Past monthly and year-to-date figures are revised on a monthly basis.
1
Sales, dollar volume, average sale prices and median sale prices are based on firm transactions entered into the TorontoMLS® system between the first
and last day of the month/period being reported.
2
New listings entered into the TorontoMLS® 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 TorontoMLS® 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 TorontoMLS® 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.