Sunday, October 09, 2005

TREB (Toronto Real Estate Board) Average Single Family Historical Home Prices and trends for Toronto and Mississauga




TREB (Toronto Real Estate Board) Average Single Family Historical Home Prices and trends for Toronto and Mississauga
Graph of TREB Prices

7,000 Plus! September Home Sales Break Record
Wednesday, October 5, 2005 -- The Toronto Real Estate market continued its record breaking ways in September, with 7,326 sales transacted through the TorontoMLS system, Board President John Meehan reported today. "This figure is up 11 per cent over last year (6,588 sales), and up eight per cent over sales in September 2003 (6,751), which was our previous best September."
The President went on to note that, with 66,480 sales year-to-date, 2005 has closed to within a single percentage point of the 2004 nine-month total (66,668). "If the fourth quarter market performs as well as the previous three months," said Mr. Meehan, "there is a strong possibility that 2005 could end up as the best year ever."
The President went on to note that prices strengthened considerably in September, with the average rising five per cent to $338,267 over the August figure of $323,255. In addition, the year-to-date average, at $335,267, is up seven per cent over 2004.


Below is a Graph showing TREB Historical Average Price Data
The graph below shows a graph of sales price data obtained directly from the Toronto Real Estate Board showing the average selling price of single family homes from 1985 to date in our GTA marketplace.
Note the historical trends for spring and fall price increases, where spring typically has a larger increase compared to the fall.
The benchmark for changes in price is chosen to be the average price of homes at the last height of the market, which was $273,698 in 1989.
If you want the actual values of prices for every month going back to January 1995, I have them, and would be pleased to E-mail them to you upon request.
See the Average Price Cycles from January 1995 to Date - a very interesting cyclical pattern is clearly seen!
You may also see the average mortgage interest rates back to 1979
Send Mark a request for the actual prices of homes since 1995 or you can call Mark now at 905-828-3434

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