Showing posts with label TREB-average-prices-toronto-2013. Show all posts
Showing posts with label TREB-average-prices-toronto-2013. Show all posts

Wednesday, June 19, 2013

Toronto Real Estate Board Mid month report for the housing sales in June 2013

Below is the report and the figures for the mid month results from the Toronto Real Estate board for the
housing sales in June 2013

You can see that sales are up by about 5% and average selling price up
nearly 4% compared to June of 2012

All the best!
Mark



GTA REALTORS(r) RELEASE MID-MONTH RESALE HOUSING FIGURES


TORONTO, June 18, 2013 - Greater Toronto Area REALTORS(r) reported 4,620 sales through the TorontoMLS system during the first two weeks of June 2013.

This result was up by 4.7 per cent compared to the first two weeks of June
2012.

Year-over-year sales growth was driven by the regions/counties surrounding the City of Toronto.

Home sales in the City were basically flat in comparison to last year.

"The expectation was for an improvement in home sales in the second half of 2013. Early June results are in line with this outlook. Many households have adapted to stricter lending guidelines and have renewed their search for ownership housing," said Toronto Real Estate Board President Ann Hannah.

"It is also important to note that new listings were down over the same period. With sales up and new listings down, market conditions became tighter. This supports the moderate to strong rates of price growth reported for most major home types, including condominium apartments," added Ms. Hannah.

The average selling price for the first fourteen days of June was $536,141 - up by 3.8 per cent compared to June 2012.

"While price growth has been driven by low-rise home types this year, condominium apartment price growth has improved since March. Despite higher inventory levels, there have been enough buyers relative to available listings to support condo price appreciation," said Jason Mercer, TREB's Senior Manager of Market Analysis.

I hope this finds you Happy and Healthy!

All the Best!

Mark

A. Mark Argentino
P. Eng. Broker
Specializing in Residential & Investment Real Estate
RE/MAX Realty Specialists Inc.
Providing Full-Time Professional Real Estate Services since 1987
BUS 905-828-3434
FAX 905-828-2829 CELL 416-520-1577
mark@mississauga4sale.com
Mississauga4Sale.com

* Thinking of selling your home in the next 3 to 6 months? Would you
like a Complimentary & Quick Over-The-Net Home Evaluation ?
www.mississauga4sale.com/internet-evaluation.htm


* Power of Sales and Foreclosures
www.mississauga4sale.com/Power-Sales-Bank-Sales-Alert-Request.htm


* If you have not already signed up to receive my monthly real estate
newsletter, you may do so here: On-Line Real Estate Newsletter sign up
www.mississauga4sale.com/popupquestion.htm


* See seasonal housing patterns
www.mississauga4sale.com/TREBprice.htm


* Would you like me to send you a desk or wall Calendar?
www.mississauga4sale.com/Calendar-Order-Form.htm

Wednesday, June 05, 2013

June 5, 2013 -TREB residential real estate report

See all the graphs and latest from TREB about prices and sales in May of
2013

http://www.mississauga4sale.com/TREBprice.htm

The report below is the latest report from TREB


TORONTO, June 5, 2013 - Price Growth Across All Major Home Types in May

TORONTO, June 5, 2013 - Greater Toronto Area (GTA) REALTORS(r) reported  10,182 sales through the TorontoMLS system in May 2013, representing a dip  of 3.4 per cent compared to May 2012. Sales of single-detached homes in the GTA were up by almost one per cent compared to the same period last year, including a three per cent year over- year increase in the City of Toronto.

"The sales picture in the GTA has improved markedly over the past two months. While the number of transactions in April and May remained below last year's levels, the rate of decline has been much smaller. A growing number of households who put their decision to purchase on hold as a result of stricter lending guidelines are starting to become active again in the ownership market," said Toronto Real Estate Board President Ann Hannah.

The average selling price for May 2013 sales was $542,174 - up by 5.4 per cent in comparison to $514,567 in May 2012. The annual rate of price growth was driven by the tight low-rise segment of the market and particularly by single-detached and semidetached home transactions in the City of Toronto.

Average condominium apartment prices were also up slightly in comparison to last year.

The MLS(r) Home Price Index (HPI) Composite Benchmark was up by 2.8 per cent yearover- year.

"The annual rate of price growth in May was not surprising given the competition that still exists between buyers, particularly for low-rise home types such as single-detached and semi-detached houses. We remain on track for a three-and-a-half per cent increase in the average selling price for 2013 as a whole," said Jason Mercer, TREB's Senior Manager of Market Analysis.

Greater Toronto REALTORS(r) 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 36,000 TREB Members serve consumers in the Greater Toronto Area. The Toronto Real Estate Board is Canada's largest real estate board.

All the Best!

Mark

Wednesday, May 08, 2013

Average home prices up, sales down - TREB housing figures for April 2013 - May 2013

This is the latest report from TREB for GTA monthly housing sales for May 2013

see Graphs and all the details at this page


GTA REALTORS(r) RELEASE MONTHLY RESALE HOUSING FIGURES

TORONTO, May 3, 2013 - Greater Toronto Area REALTORS(r) 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(r) 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. Summary of TorontoMLS Sales and Average Price April 1 -



I hope this finds you Happy and Healthy!

All the Best!

Mark

A. Mark Argentino
P. Eng. Broker
Specializing in Residential & Investment Real Estate
RE/MAX Realty Specialists Inc.
Providing Full-Time Professional Real Estate Services since 1987
BUS 905-828-3434
FAX 905-828-2829 CELL 416-520-1577
mark@mississauga4sale.com
Mississauga4Sale.com

* Thinking of selling your home in the next 3 to 6 months? Would you
like a Complimentary & Quick Over-The-Net Home Evaluation ?
www.mississauga4sale.com/internet-evaluation.htm

* Power of Sales and Foreclosures
www.mississauga4sale.com/Power-Sales-Bank-Sales-Alert-Request.htm

* If you have not already signed up to receive my monthly real estate
newsletter, you may do so here: On-Line Real Estate Newsletter sign up
www.mississauga4sale.com/popupquestion.htm

* See seasonal housing patterns
www.mississauga4sale.com/TREBprice.htm

* Would you like me to send you a desk or wall Calendar?
www.mississauga4sale.com/Calendar-Order-Form.htm

Wednesday, April 03, 2013

TREB April 2013 residential real estate results average prices up about 3.8% and volume of sales down about 17% for March 2013 compared to March 2012

The figures for March are now out from TREB

Average prices up about 3.8% for March 2013 compared to March 2012

Volume of sales is down about 17% comparing year over year.

See the full report below:

Average Price up in March and First Quarter


TORONTO, April 3, 2013 – Greater Toronto Area REALTORS® reported 7,765 transactions

through the TorontoMLS system in March 2013 – down 17 per cent compared to 9,385 transactions in March 2012. While the year-over-year dip in March sales followed the trend that has unfolded since mid-way through 2012, it is also important to note that the Good Friday holiday was in March this year versus April in 2012.

Generally speaking, there are fewer sales reported on statutory holidays and weekends.

In the first quarter of 2013, sales amounted to 17,678 – down by 14 per cent compared to Q1 2012.

"Home ownership remains affordable for a household earning the average income in the Greater Toronto Area. There are many willing buyers in the marketplace today. While some households have put their decision to purchase on hold as a result of stricter lending guidelines or the additional Land Transfer Tax in the City of Toronto, other households simply haven’t been able to find the right house due to a shortage of listings in some market segments," said Toronto Real Estate Board President Ann Hannah.

The average selling price in March was $519,879 – up by 3.8 per cent compared to March 2012. The average price in Q1 2013 was $508,066 – up by 3.2 per cent compared to the first quarter of 2012.

"The average selling price and the MLS® Home Price Index Composite Benchmark was up on a year-over-year basis across most home types, especially in the low-rise market segments where supply remains an issue. TREB's average price forecast for 2013 remains at $515,000, representing a 3.5 per cent

See graphs of prices and trends at this page
Toronto Real Estate Board (TREB) Average Prices and Graph

For more information please contact A. Mark Argentino

A. Mark Argentino, Broker, P.Eng.,
Specializing in Residential & Investment Real Estate
RE/MAX Realty Specialists Inc., Brokerage
2691 Credit Valley Road, Suite 101, Mississauga, Ontario L5M 7A1
BUS. 905-828-3434
FAX. 905-828-2829
E-MAIL: mark@mississauga4sale.com
Website: Mississauga4Sale.com

Saturday, March 09, 2013

Toronto and Mississauga rental market report shows Strong Growth in Rental Transactions Listings in Q4 for 2012

Below is the report and a chart showing average prices etc. for the rental market in the GTA for the 4th quarter of 2012

The number of rental transactions is up about 13% year over year

One bedroom units are up about 4% to an average of $1626 per month 2 bedroom units up 2% to $2088 per month

TREB feels that although there are more condos on the market for rent they feel there are no indications of oversupply given that rental increases are continuing at or above inflationary figures.

All the best!
Mark




 







Strong Growth in Rental Transactions/Listings in Q4

Toronto, January 11, 2013 - Greater Toronto Area REALTORS(r) reported 3,648 rental transactions for condominium apartments through the TorontoMLS system in the fourth quarter of 2012, up 13 per cent from the 3,234 rentals reported during the same period in 2011. The number of units listed for rent
at some point during the fourth quarter was up by close to 18 per cent on a year-over-year basis.

"The number of rental transactions through the TorontoMLS system has been growing quite strongly over the past year, as many renter households are attracted to investor-held condominium apartments and townhomes that offer modern finishes and amenities in popular areas throughout the Greater Toronto Area," said Toronto Real Estate Board (TREB) President Ann Hannah.

One-bedroom and two-bedroom apartments accounted for the vast majority of transactions. The average one-bedroom rent was up by more than four per cent annually in the fourth quarter to $1,626. The average two-bedroom rent was up by almost two per cent to $2,088.

"The rental market became better supplied in the fourth quarter compared to the same period in 2011 as growth in listed units outpaced growth in sales. With strong new condominium apartment completions over the past year, investors with a longer term investment horizon chose to rent their units rather than sell," said Jason Mercer, TREB's Senior Manager of Market Analysis.

"While the condo rental market became better supplied in the fourth quarter, there are no indications of oversupply, given that rent increases continued at or above the rate of inflation," continued Mercer.

Tuesday, March 05, 2013

March results from Toronto Real Estate Board on the February 2013 sales figures

Below is the latest report from the Toronto Real Estate Board for March on
the February 2013 sales figures

Average selling price was up year over year but volume of sales is down
about 15% during the same period

Read the entire report and press releases below.

See the figures and graphs at my site

All the best!

Mark



GTA REALTORS(r) RELEASE MONTHLY RESALE HOUSING FIGURES

TORONTO, March 5, 2013 - Greater Toronto Area (GTA) REALTORS(r) reported  5,759 sales through the TorontoMLS system in February 2013 - a decline of 15  per cent in comparison to February 2012. It should be noted that 2012 was a  leap year with one extra day in February. A 28 day year-over-year sales comparison resulted in a lesser decline of 10.5 per cent.

The average selling price for February 2013 was $510,580 - up two per cent in comparison to February 2012.

"The share of sales and dollar volume accounted for by luxury detached homes in the City of Toronto was lower this February compared to last. This contributed to a more modest pace of overall average price growth for the GTA as a whole," said Toronto Real Estate Board (TREB) President Ann Hannah.


"Stricter mortgage lending guidelines that precluded government backed mortgages on homes sold for over one million dollars and the City of Toronto's additional upfront land transfer tax arguably played a role in the slower pace of luxury detached home sales," added Ms. Hannah.

The MLS(r) HPI Composite Benchmark price covering all major home types eliminates fluctuations in price growth due to changes in sales mix. The Composite Benchmark price was up by more than three per cent on a year-over-year basis in February.

"We will undoubtedly experience some volatility in price growth for some market segments in 2013. However, months of inventory in the low-rise market segment will remain low, resulting in average price growth above three per cent for the TREB market area this year. Our current average price forecast is $515,000 for all home types combined in 2013," said Jason Mercer, TREB's Senior Manager of Market Analysis.







 

Price Growth Continues in February

TORONTO, March 5, 2013 - Greater Toronto Area (GTA) REALTORS(r) reported 5,759 sales through the TorontoMLS system in February 2013 - a decline of 15 per cent in comparison to February 2012. It should be noted that 2012 was a leap year with one extra day in February. A 28 day year-over-year sales comparison resulted in a lesser decline of 10.5 per cent.

The average selling price for February 2013 was $510,580 - up two per cent in comparison to February 2012.

"The share of sales and dollar volume accounted for by luxury detached homes in the City of Toronto was lower this February compared to last. This contributed to a more modest pace of overall average price growth for the GTA as a whole," said Toronto Real Estate Board (TREB) President Ann Hannah.


"Stricter mortgage lending guidelines that precluded government backed mortgages on homes sold for over one million dollars and the City of Toronto's additional upfront land transfer tax arguably played a role in the slower pace of luxury detached home sales," added Ms. Hannah.

The MLS(r) HPI Composite Benchmark price covering all major home types eliminates fluctuations in price growth due to changes in sales mix. The Composite Benchmark price was up by more than three per cent on a year-over-year basis in February.

"We will undoubtedly experience some volatility in price growth for some market segments in 2013. However, months of inventory in the low-rise market segment will remain low, resulting in average price growth above three per cent for the TREB market area this year. Our current average price forecast is $515,000 for all home types combined in 2013," said Jason Mercer, TREB's Senior Manager of Market Analysis.

Thank you!
Mark

Wednesday, February 06, 2013

Month by month snapshot of how our Mississauga and GTA real estate market has performed over the past year

This is a month by month snapshot of how our market has performed over the past year.

The average price has increased 5-6% comparing December 2011 with December 2012, but not month over month.

2012 average monthly prices

January $462,655
February $500,249
March $500,894
April $515,869
May $514,546
June $507,366
July $475,507
August $477,533
September $501,704
October $502,274
November $485,544
December $478,739

Year-to-Date overall average price $497,298


See the month to month prices at this graph.

http://www.mississauga4sale.com/avgprices.JPG

and this is the page on my site that has the data:

http://www.mississauga4sale.com/TREBprice.htm#graph

Prices have only stayed about steady or fallen over the past 6 months.

Thank you,

Mark

Tuesday, February 05, 2013

GTA and Mississauga Real Estate market results for January 1013

Hello,

The figures are in for January 2013


* Sales volume in January down less than 1% year over year
* Prices up 4.3% in January 2013 compared to January 2012
* Prices up less than 1% comparing January 2013 to December 2012
* TREB is predicting a 3-5% increase in prices in 2013


Read the full report below

Mark




GTA REALTORS(r) RELEASE MONTHLY RESALE HOUSING FIGURES

TORONTO, February 5, 2013 - Greater Toronto Area REALTORS(r) reported 4,375 transactions through the TorontoMLS system in January 2013. This number represented a slight decline compared to 4,432 transactions reported in January 2012.

"The January sales figures represent a good start to 2013. While the number of transactions was down slightly compared to last year, the rate of decline was much less than what was experienced in the second half of 2012.

This suggests that some buyers, who put their decision to purchase on hold last year due to stricter mortgage lending guidelines, are once again becoming active in the market," said Toronto Real Estate Board (TREB) president Ann Hannah.

"It is interesting to note that sales were up for many home types in the GTA regions surrounding the City of Toronto. This is due, at least in part, to the additional upfront land transfer tax in the City of Toronto," added Ms. Hannah.

The average selling price for January 2013 sales was $482,648 - up by 4.3 per cent compared to $462,655 in January 2012. The MLS(r) Home Price Index (HPI) Composite Benchmark price was up by 3.8 per cent over the same period.

"There will be enough competition between buyers in the marketplace to prompt continued growth in home prices in 2013. Expect annual average price growth in the three to five per cent range this year," said Jason Mercer, TREB's Senior Manager of Market Analysis.

see graphs and data at this link

Thank you,
Mark

Sunday, January 06, 2013

Average Resale Home price rose 7% to $497,298 in 2012 in GTA

Toronto Real Estate Board (TREB) Average Prices and Graph
Average price for last month was $478,739 (it was $485,328 the previous month and $503,479 in October) and this represents almost a 6.5 increase compared to the same month in 2011 - see graph of prices by clicking the graph at the right


Prices were down and sales volumes were 3690 units, down from 4585 in December 2011

Read the full report below:

Average Home Price Up Strongly in 2012


TORONTO, January 4, 2013 –

Greater Toronto Area REALTORS® reported 3,690 sales through the TorontoMLS system in December 2012 – down from 4,585 sales in December 2011. Total sales for 2012 amounted to 85,731 – down from 89,096 transactions in 2011.

“The number of transactions in 2012 was quite strong from a historic perspective. We saw strong year-over-year growth in sales in the first half of the year, but this growth was more than offset by sales declines in the second half.


Stricter mortgage lending guidelines resulted in some households postponing their purchase of a home. In the City of Toronto, the dip in sales was compounded by the additional Land Transfer Tax, which buyers must pay upfront,” said Toronto Real Estate Board (TREB) President Ann Hannah.


The average selling price in December 2012 was up by 6.5 per cent year-overyearto $478,739. The average selling price for 2012 as a whole was up by almost seven per cent to $497,298.

“Robust annual rates of price growth were reported through most months of 2012.

Price growth was strongest for low-rise homes, including singles, semis and townhouses. Despite a dip in sales, market conditions remained tight for these home types with substantial competition between buyers,” said TREB’s Senior Manager of Market Analysis Jason Mercer.


For more information please contact A. Mark Argentino

A. Mark Argentino, Broker, P.Eng.,
Specializing in Residential & Investment Real Estate
RE/MAX Realty Specialists Inc., Brokerage
2691 Credit Valley Road, Suite 101, Mississauga, Ontario L5M 7A1
BUS. 905-828-3434
FAX. 905-828-2829
E-MAIL: mark@mississauga4sale.com
Website: Mississauga4Sale.com

Thursday, December 20, 2012

Predicting the GTA and Mississauga Real estate market is for fortune tellers and psychics!


Predicting the GTA and Mississauga real estate market future is for fortune tellers and psychics!

All we can really do is analyze the past markets, ascertain trends and historical data and look at what is currently happening to predict what 'may' happen in the future.

I've always said to my clients that I can only accurately predict about 2 to 4 weeks into the future.  That's it, much longer than that time period is more of a best guess.

Volume of sales has continued to be typical and strong, no major drop or trend downward for number of sales - more typcial for this time of year.

Our market average prices have softened since about Labour Day this year and condos seem to be the hardest hit. Prices are still dropping in the market and especially the condo market, not dramatically, but they are dropping.

This is in contrast to the unprecedented growth we have experienced for more than 15 years. The only interruption to that rise in prices was in the fall of 2008

You can clearly see the seasonal trends of prices increasing in the spring and fall at this graph See the Average Price Cycles from January 1995 to Date

The average price fluctuations are shown at this average price graph over the past few months.
Near historic lows for mortgage interest rates have helped.

I don't believe we were in a bubble but our prices were certainly over inflated. The rental market is still very tight. This is good news and indicates that people are working and that there is still a strong need for rental housing. If the rental market softens then our resale market will get hit much harder than it is right now. There are no signs of this happening in the near future and let's hope that our market turns around in the early part of 2013. Only time will tell.

Conclusion: our real estate market will continue to be healthy, prices will continue to drop in the near term, at least until the middle of January.  Check back in mid January to see what our market is doing at that time!
Thank you to all my current and past clients I wish you a Merry Christmas and All the Best to you and your family in 2013!

Mark






For more information please contact A. Mark Argentino

A. Mark Argentino, Broker, P.Eng.,
Specializing in Residential & Investment Real Estate
RE/MAX Realty Specialists Inc., Brokerage
2691 Credit Valley Road, Suite 101, Mississauga, Ontario L5M 7A1
BUS. 905-828-3434
FAX. 905-828-2829
E-MAIL: mark@mississauga4sale.com
Website: Mississauga4Sale.com
Toronto Real Estate Board (TREB) Average Prices and Graph