SlideShare una empresa de Scribd logo
1 de 16
Descargar para leer sin conexión
TREB Market Update
                 Toronto Condo Network
Presented By: Jason Mercer, TREB Senior Manager of Market Analysis

                          April 15, 2011
Bank of Canada held the line on rates, but hikes are on the way

   Outlook for the Bank of Canada's Target for the
   Overnight Lending Rate
   7%                               Bank of Canada Target for the Overnight Rate
   6%                               3-Month T-Bill
   5%                               3-Month T-Bill (Forward Rates)

   4%
   3%
   2%
   1%
   0%



   Source: Bank of Canada, Toronto Real Estate Board



Toronto Condo Network                                                              April 15, 2011
The five-year fixed mortgage rate will increase as well

   Outlook for the Average Five-Year Fixed Mortgage Rate
    10%
     9%
     8%
     7%
     6%
     5%                                                          Still Room for Discounting
                                                                  ING Direct (April 13/11)
     4%
     3%                 Five Year Fixed Rate Mortgage
     2%                 Five Year Fixed Rate Mortgage Forecast
     1%                 Five Year Government of Canada Bond
                        Five Year GoC Bond (Forward Rates)
     0%



   Source: Bank of Canada, Toronto Real Estate Board



Toronto Condo Network                                                                         April 15, 2011
The GTA unemployment rate is declining

   GTA Unemployment Rate
    14%
    12%
    10%
     8%
     6%
     4%
     2%
     0%




           Jan-11(F)
           Jan-12(F)
              Jan-89
              Jan-90
              Jan-91
              Jan-92
              Jan-93
              Jan-94




              Jan-99
              Jan-00
              Jan-01
              Jan-02
              Jan-03
              Jan-04




              Jan-09
              Jan-10
              Jan-88




              Jan-95
              Jan-96
              Jan-97
              Jan-98




              Jan-05
              Jan-06
              Jan-07
              Jan-08
   Source: Statistics Canada (Historic); TREB (Forecast)



Toronto Condo Network                                      April 15, 2011
Incomes are rising in the GTA

   Annual Growth Rate for Average Weekly Earnings
    5%
                        4.7%
    4%




                                                                                       4.4%
                               4.2%




                                                                  3.6%
    3%




                                                                                                                       3.5%
                                                                         3.2%
                                                           3.0%




                                                                                                            3.0%
    2%
                                      2.5%



                                                    0.8%




                                                                                2.1%




                                                                                                     1.6%
                                             1.3%




                                                                                              1.5%
    1%

    0%

    -1%
             -1.0%




    -2%


   Source: Statistics Canada (Historic); TREB (Forecast)



Toronto Condo Network                                                                                              April 15, 2011
Affordability is a key indicator for the direction of price and sales

   TREB Affordability Indicator
   Share of Average Household Income Used for Mortgage Principal and Interest,
   Property Taxes and Utilities on the Averaged Priced GTA Resale Home

    55%
    50%
    45%

    40%

    35%

    30%

    25%



   Source: Toronto Real Estate Board Data and Calculation; Statistics Canada




Toronto Condo Network                                                            April 15, 2011
TorontoMLS® sales forecast

   TorontoMLS® Sales (Annual)
   100,000

     80,000

     60,000

     40,000

     20,000

             0



   Source: Toronto Real Estate Board



Toronto Condo Network                  April 15, 2011
TorontoMLS® average selling price forecast

   Average TorontoMLS® Selling Price
   $500,000

   $400,000

   $300,000

   $200,000

   $100,000

             $0



   Source: Toronto Real Estate Board



Toronto Condo Network                        April 15, 2011
First Quarter 2011 Condo Apartment Statistics – All TREB Districts

     Share of Total Condo Apartment Sales By TREB Area                Condo Apartment Price by Bedroom Type (All Districts)

                                                                      $400,000
                                                                                                      Average Selling Price
                                                                      $350,000
                                                                                                      Median Selling Price
                                                                      $300,000
              1389
                                                                      $250,000
                                             Central TREB Districts
                                                                      $200,000
                              2423           East TREB Districts
                                                                      $150,000
                                             North TREB Districts
                                                                      $100,000
        519                                  West TREB Districts
                                                                               $50,000
                                                                                              $0
                     657                                                                              Bachelor      One Bedroom Two Bedroom             Three          Total
                                                                                                                                                       Bedroom
     Source: TREB                                                     Source: Toronto Real Estate Board



    Share of Total Condo Apartment Sales By Bedroom Type              Condo. Apartment Sales by Price Range
                                                                                               0-199,999
                         7%
                                                                                            200K-299,999
                                                                                            300K-399,999


                                                                      Selling Price Range
                                                                                            400K-499,999
                                                Bachelor                                    500K-599,999

                                                One Bedroom                                 600K-699,999
                              42%
                                                                                            700K-799,999
                   49%                          Two Bedroom
                                                                                            800K-899,999
                                                Three Bedroom                               900K-999,999
                                                                                              1,000,000+

                                                                                                           0     200     400   600      800   1000     1200   1400   1600   1800
                                                                                                                                     Number of Sales
    Source: TREB                                                          Source: TREB




Toronto Condo Network                                                                                                                                                 April 15, 2011
Share of condo apartment sales varied by district in the first quarter




Toronto Condo Network                                              April 15, 2011
Average condo apartment prices varied by district in the first quarter
                        % Over/Under the Average TREB Condo Apartment Price




Toronto Condo Network                                                         April 15, 2011
Downtown Core – First Quarter Condominium Apartment Summary

                                                                                      Condo. Apartment Sales by Price Range (Downtown
                                                                                                                                 Core)
                                                                                                                 0-199,999
                                                                                                             200K-299,999
                                                                                                             300K-399,999




                                                                                      Selling Price Range
                                                                                                             400K-499,999
                                                                                                             500K-599,999
                                                                                                             600K-699,999
                              Downtown Core                                                                  700K-799,999
                                                                                                             800K-899,999
                                                                                                             900K-999,999
                                                                                                                1,000,000+

                                                                                                                             0             200               400          600              800
                                                                                                                                                       Number of Sales
                                                                                       Source: TREB




    Price By Bedroom Type (Downtown Core)                                             Condo Sales By Bedroom Type (Downtown Core )

     $1,200,000
                    Average Selling Price                                                                        Bachelor             84
     $1,000,000     Median Selling Price
                                                                                                             One Bedroom                                                        375
       $800,000
                                                                                                       One Bedroom +                                                             388
       $600,000
                                                                                                             Two Bedroom                                            279
       $400,000
                                                                                                       Two Bedroom +                             140
       $200,000
                                                                                                            Three Bedroom        9
               $0
                    Bach.        1 Bd       1 Bd +   2 Bd   2 Bd +   3 Bd +   Total                                          0       100               200         300          400         500

     Source: TREB                                                                     Source: TREB




Toronto Condo Network                                                                                                                                                                  April 15, 2011
North York City Centre – First Quarter Condominium Apartment Summary

                                                                                       Condo. Apartment Sales by Price Range (North York City
                                                                                                                                     Centre)
                                                                                                                  0-199,999
                                                                                                              200K-299,999
                                                                                                              300K-399,999




                                                                                       Selling Price Range
                                                                                                              400K-499,999
                                                                                                              500K-599,999

                                 North York City                                                              600K-699,999
                                                                                                              700K-799,999
                                     Centre                                                                   800K-899,999
                                                                                                              900K-999,999
                                                                                                                 1,000,000+

                                                                                                                              0                 100                   200               300
                                                                                                                                                  Number of Sales
                                                                                        Source: TREB




    Price By Bedroom Type (North York City Centre)                                     Condo Sales By Bedroom Type (North York City Centre)

     $500,000
                     Average Selling Price                                                                        Bachelor        1
     $450,000
     $400,000        Median Selling Price
                                                                                                              One Bedroom                                       111
     $350,000
     $300,000                                                                                           One Bedroom +                                            116
     $250,000
     $200,000                                                                                                 Two Bedroom                                                         162
     $150,000
                                                                                                        Two Bedroom +                                      98
     $100,000
      $50,000                                                                                                Three Bedroom            35
           $0
                    Bach.       1 Bd         1 Bd +   2 Bd   2 Bd +   3 Bd +   Total                                          0            50           100                 150          200

     Source: TREB                                                                      Source: TREB




Toronto Condo Network                                                                                                                                                               April 15, 2011
Mississauga City Centre – First Quarter Condominium Apartment Summary

                                                                                       Condo. Apartment Sales by Price Range (Mississauga
                                                                                                                              City Centre)
                                                                                                                  0-199,999
                                                                                                              200K-299,999
                                                                                                              300K-399,999




                                                                                       Selling Price Range
                                                                                                              400K-499,999
                       Mississauga                                                                            500K-599,999

                       City Centre                                                                            600K-699,999
                                                                                                              700K-799,999
                                                                                                              800K-899,999
                                                                                                              900K-999,999
                                                                                                                 1,000,000+

                                                                                                                              0                 100                    200               300
                                                                                                                                                     Number of Sales
                                                                                        Source: TREB




    Price By Bedroom Type (Mississauga City Centre)                                    Condo Sales By Bedroom Type (Mississauga City Centre)

     $300,000
                     Average Selling Price                                                                        Bachelor        0
     $250,000        Median Selling Price
                                                                                                              One Bedroom                               47
     $200,000
                                                                                                        One Bedroom +                                                        96
     $150,000
                                                                                                              Two Bedroom                                                          104
     $100,000
                                                                                                        Two Bedroom +                                                              104
      $50,000
                                                                                                             Three Bedroom                 21
             $0
                    Bach.       1 Bd         1 Bd +   2 Bd   2 Bd +   3 Bd +   Total                                          0       20        40           60        80    100         120

     Source: TREB                                                                      Source: TREB




Toronto Condo Network                                                                                                                                                              April 15, 2011
Rental Market

    Number of Units Listed                                                              Increases in Rental Listings and Transactions
    3rd Trimester 2010 vs. 3rd Trimester 2009
      3,500                                                                             • Following the trend for condominium apartment completions in the
                                                             2010        2009
                                                                                          last four months of 2010, the number of rental units listed on the
      3,000
                                                                                          TorontoMLS® system increased.
      2,500
                                                                                        • While the number of rental units listed increased, so too did the
      2,000
                                                                                          number of rental transactions, suggesting that there are a growing
      1,500                                                                               number of households looking to rent condominium apartments.
      1,000                                                                             • Average rents remained more or less flat compared to 2009.
        500                                                                               Because demand kept up with supply, we did not see any
           0                                                                              widespread downward pressure on rents.
                    Downtown Core   North York City Centre    Mississauga City Centre

     Source: TREB



    Number of Units Rented                                                              Average One-Bedroom Rents
    3rd Trimester 2010 vs. 3rd Trimester 2009                                           3rd Trimester 2010 vs. 3rd Trimester 2009
      2,000                                                                             $2,000
                                                             2010        2009                                                              2010          2009

                                                                                        $1,600
      1,500
                                                                                        $1,200
      1,000
                                                                                          $800
        500
                                                                                          $400

           0                                                                                 $0
                    Downtown Core   North York City Centre    Mississauga City Centre                  All TREB   Downtown Core   North York City   Mississauga City
                                                                                                                                      Centre            Centre
     Source: TREB                                                                       Source: TREB




Toronto Condo Network                                                                                                                                     April 15, 2011
Strong condo completions have resulted in a more balanced market

   Condominium Apartment Sales-to-Active Listings Ratio and
   Median Price Growth (All Areas)
                                    70%   Annual Median Price Change (Right Scale)      25%




                                                                                               Annual Median Price Growth
                                    60%   Sales-to-Active Listings Ratio (Left Scale)   20%
   Sales-to-Active Listings ratio




                                    50%                                                 15%
                                    40%                                                 10%
                                    30%                                                 5%
                                    20%                                                 0%
                                    10%                                                 -5%
                                    0%                                                  -10%




    Source: Toronto Real Estate Board



Toronto Condo Network                                                                   April 15, 2011

Más contenido relacionado

La actualidad más candente

Freight Out Analyses
Freight Out AnalysesFreight Out Analyses
Freight Out AnalysesArmandoDQ
 
The U.S. Economy & Small Business Credit
The U.S. Economy & Small Business CreditThe U.S. Economy & Small Business Credit
The U.S. Economy & Small Business Creditrhccweb
 
The Uk Civil Society Almanac 2010
The Uk Civil Society Almanac 2010The Uk Civil Society Almanac 2010
The Uk Civil Society Almanac 2010Karl Wilding
 
Hospitality Lawyer with pearls from NYU - Bjorn Hanson & Economists 6 2 08
Hospitality Lawyer with pearls from NYU - Bjorn Hanson & Economists  6 2 08Hospitality Lawyer with pearls from NYU - Bjorn Hanson & Economists  6 2 08
Hospitality Lawyer with pearls from NYU - Bjorn Hanson & Economists 6 2 08Jim Butler
 
Housing And Labor Market Trends:Nevada
Housing And Labor Market Trends:NevadaHousing And Labor Market Trends:Nevada
Housing And Labor Market Trends:NevadaTodd A. Yankov
 
Icici bank investor-presentation08
Icici bank investor-presentation08Icici bank investor-presentation08
Icici bank investor-presentation08nishant rana
 
The Economy and Financial Markets: Crawling Out of Recession - David Wyss, Br...
The Economy and Financial Markets: Crawling Out of Recession - David Wyss, Br...The Economy and Financial Markets: Crawling Out of Recession - David Wyss, Br...
The Economy and Financial Markets: Crawling Out of Recession - David Wyss, Br...IFG Network marcus evans
 
__AnalystPresentation_Nov2008_Webcast_FINAL
__AnalystPresentation_Nov2008_Webcast_FINAL__AnalystPresentation_Nov2008_Webcast_FINAL
__AnalystPresentation_Nov2008_Webcast_FINALfinance21
 
Why has D.C. multifamily been so hot?
Why has D.C. multifamily been so hot?Why has D.C. multifamily been so hot?
Why has D.C. multifamily been so hot?kottmeier
 
Health Care Reform in Indiana 10/11/2011 Symposium
Health Care Reform in Indiana 10/11/2011 SymposiumHealth Care Reform in Indiana 10/11/2011 Symposium
Health Care Reform in Indiana 10/11/2011 SymposiumRobert Hutt
 
Risk Management Association\'s CRE Panel
Risk Management Association\'s CRE PanelRisk Management Association\'s CRE Panel
Risk Management Association\'s CRE Panelcesimpsoniii
 
home depot PDF Frank Blake Presentation
home depot  PDF  	Frank Blake Presentation home depot  PDF  	Frank Blake Presentation
home depot PDF Frank Blake Presentation finance2
 

La actualidad más candente (15)

Freight Out Analyses
Freight Out AnalysesFreight Out Analyses
Freight Out Analyses
 
The U.S. Economy & Small Business Credit
The U.S. Economy & Small Business CreditThe U.S. Economy & Small Business Credit
The U.S. Economy & Small Business Credit
 
The Uk Civil Society Almanac 2010
The Uk Civil Society Almanac 2010The Uk Civil Society Almanac 2010
The Uk Civil Society Almanac 2010
 
Hospitality Lawyer with pearls from NYU - Bjorn Hanson & Economists 6 2 08
Hospitality Lawyer with pearls from NYU - Bjorn Hanson & Economists  6 2 08Hospitality Lawyer with pearls from NYU - Bjorn Hanson & Economists  6 2 08
Hospitality Lawyer with pearls from NYU - Bjorn Hanson & Economists 6 2 08
 
Housing And Labor Market Trends:Nevada
Housing And Labor Market Trends:NevadaHousing And Labor Market Trends:Nevada
Housing And Labor Market Trends:Nevada
 
Icici bank investor-presentation08
Icici bank investor-presentation08Icici bank investor-presentation08
Icici bank investor-presentation08
 
The Economy and Financial Markets: Crawling Out of Recession - David Wyss, Br...
The Economy and Financial Markets: Crawling Out of Recession - David Wyss, Br...The Economy and Financial Markets: Crawling Out of Recession - David Wyss, Br...
The Economy and Financial Markets: Crawling Out of Recession - David Wyss, Br...
 
Apresen
ApresenApresen
Apresen
 
__AnalystPresentation_Nov2008_Webcast_FINAL
__AnalystPresentation_Nov2008_Webcast_FINAL__AnalystPresentation_Nov2008_Webcast_FINAL
__AnalystPresentation_Nov2008_Webcast_FINAL
 
The strategic role of the private sector in agriculture and rural development...
The strategic role of the private sector in agriculture and rural development...The strategic role of the private sector in agriculture and rural development...
The strategic role of the private sector in agriculture and rural development...
 
Why has D.C. multifamily been so hot?
Why has D.C. multifamily been so hot?Why has D.C. multifamily been so hot?
Why has D.C. multifamily been so hot?
 
Health Care Reform in Indiana 10/11/2011 Symposium
Health Care Reform in Indiana 10/11/2011 SymposiumHealth Care Reform in Indiana 10/11/2011 Symposium
Health Care Reform in Indiana 10/11/2011 Symposium
 
2Q11 Earnings Results - August 2011
2Q11 Earnings Results - August 20112Q11 Earnings Results - August 2011
2Q11 Earnings Results - August 2011
 
Risk Management Association\'s CRE Panel
Risk Management Association\'s CRE PanelRisk Management Association\'s CRE Panel
Risk Management Association\'s CRE Panel
 
home depot PDF Frank Blake Presentation
home depot  PDF  	Frank Blake Presentation home depot  PDF  	Frank Blake Presentation
home depot PDF Frank Blake Presentation
 

Destacado

A Financial Analysis of National City Bank (PNC)
A Financial Analysis of National City Bank (PNC)A Financial Analysis of National City Bank (PNC)
A Financial Analysis of National City Bank (PNC)Dr. Asokendu Samanta
 
Performance evaluation of Eastern Bank Ltd.
Performance evaluation of Eastern Bank Ltd.Performance evaluation of Eastern Bank Ltd.
Performance evaluation of Eastern Bank Ltd.Maruf Ahmed
 
First Security Islami Bank Ratio Analysis
First Security Islami Bank Ratio AnalysisFirst Security Islami Bank Ratio Analysis
First Security Islami Bank Ratio AnalysisAlokito Shuvro
 
AN ASSAIGNMENT ON FINANCIAL RATIO ANALYSIS OF M.I. CEMENT FACTORY LIMITED
AN ASSAIGNMENT ON FINANCIAL RATIO ANALYSIS OF M.I. CEMENT FACTORY LIMITEDAN ASSAIGNMENT ON FINANCIAL RATIO ANALYSIS OF M.I. CEMENT FACTORY LIMITED
AN ASSAIGNMENT ON FINANCIAL RATIO ANALYSIS OF M.I. CEMENT FACTORY LIMITEDIwate University
 
CITI BANK PROJECT MCOM PART 1
CITI BANK PROJECT MCOM PART 1CITI BANK PROJECT MCOM PART 1
CITI BANK PROJECT MCOM PART 1Priti Parab
 
Financial analysis of banks
Financial analysis of banksFinancial analysis of banks
Financial analysis of banksSahim Khan
 
Lead Generation on SlideShare: A How-to Guide
Lead Generation on SlideShare: A How-to GuideLead Generation on SlideShare: A How-to Guide
Lead Generation on SlideShare: A How-to GuideSlideShare
 

Destacado (9)

A Financial Analysis of National City Bank (PNC)
A Financial Analysis of National City Bank (PNC)A Financial Analysis of National City Bank (PNC)
A Financial Analysis of National City Bank (PNC)
 
Performance evaluation of Eastern Bank Ltd.
Performance evaluation of Eastern Bank Ltd.Performance evaluation of Eastern Bank Ltd.
Performance evaluation of Eastern Bank Ltd.
 
Fin 464 Samuel.Prime and Eastern Bank
Fin 464 Samuel.Prime and Eastern BankFin 464 Samuel.Prime and Eastern Bank
Fin 464 Samuel.Prime and Eastern Bank
 
First Security Islami Bank Ratio Analysis
First Security Islami Bank Ratio AnalysisFirst Security Islami Bank Ratio Analysis
First Security Islami Bank Ratio Analysis
 
AN ASSAIGNMENT ON FINANCIAL RATIO ANALYSIS OF M.I. CEMENT FACTORY LIMITED
AN ASSAIGNMENT ON FINANCIAL RATIO ANALYSIS OF M.I. CEMENT FACTORY LIMITEDAN ASSAIGNMENT ON FINANCIAL RATIO ANALYSIS OF M.I. CEMENT FACTORY LIMITED
AN ASSAIGNMENT ON FINANCIAL RATIO ANALYSIS OF M.I. CEMENT FACTORY LIMITED
 
Bank Performance evaluation of EBL
Bank Performance evaluation of EBLBank Performance evaluation of EBL
Bank Performance evaluation of EBL
 
CITI BANK PROJECT MCOM PART 1
CITI BANK PROJECT MCOM PART 1CITI BANK PROJECT MCOM PART 1
CITI BANK PROJECT MCOM PART 1
 
Financial analysis of banks
Financial analysis of banksFinancial analysis of banks
Financial analysis of banks
 
Lead Generation on SlideShare: A How-to Guide
Lead Generation on SlideShare: A How-to GuideLead Generation on SlideShare: A How-to Guide
Lead Generation on SlideShare: A How-to Guide
 

Similar a TREB Market Update

Treb market update_condo_network_september_17_2010
Treb market update_condo_network_september_17_2010Treb market update_condo_network_september_17_2010
Treb market update_condo_network_september_17_2010Harish Maraj
 
Market Figures February 2011
Market Figures   February 2011Market Figures   February 2011
Market Figures February 2011NicoleLehoczky
 
Toronto Real Estate Statistics september 2011
Toronto Real Estate Statistics september 2011Toronto Real Estate Statistics september 2011
Toronto Real Estate Statistics september 2011John Helfrich
 
Toronto real estate statistics august 2011
Toronto real estate statistics august 2011Toronto real estate statistics august 2011
Toronto real estate statistics august 2011John Helfrich
 
Treb Monthly Resale Figures March 2011
Treb Monthly Resale Figures   March 2011Treb Monthly Resale Figures   March 2011
Treb Monthly Resale Figures March 2011NicoleLehoczky
 
Toronto real estate statistics October 2011
Toronto real estate statistics October 2011Toronto real estate statistics October 2011
Toronto real estate statistics October 2011John Helfrich
 
Toronto real estate statistics july 2011
Toronto real estate statistics july 2011Toronto real estate statistics july 2011
Toronto real estate statistics july 2011John Helfrich
 
Condo Network October 30 2009
Condo Network October 30 2009Condo Network October 30 2009
Condo Network October 30 2009Brent Reid
 
Toronto real estate statistics December 2011
Toronto real estate statistics December 2011Toronto real estate statistics December 2011
Toronto real estate statistics December 2011John Helfrich
 
Economic and Real Estate Market Update from National Association of REALTORS
Economic and Real Estate Market Update from National Association of REALTORSEconomic and Real Estate Market Update from National Association of REALTORS
Economic and Real Estate Market Update from National Association of REALTORSBrian Block
 
2012 Investment Review (Us)
2012 Investment Review (Us)2012 Investment Review (Us)
2012 Investment Review (Us)andrewyoungkofc
 
Wheres the-money-in-local-media
Wheres the-money-in-local-mediaWheres the-money-in-local-media
Wheres the-money-in-local-mediaMediative
 
Toronto real estate statistics november 2011
Toronto real estate statistics november 2011Toronto real estate statistics november 2011
Toronto real estate statistics november 2011John Helfrich
 

Similar a TREB Market Update (20)

Market According to Mercer October 2012
Market According to Mercer October 2012Market According to Mercer October 2012
Market According to Mercer October 2012
 
Treb market update_condo_network_september_17_2010
Treb market update_condo_network_september_17_2010Treb market update_condo_network_september_17_2010
Treb market update_condo_network_september_17_2010
 
Toronto Condo Network September 2010
Toronto Condo Network September 2010Toronto Condo Network September 2010
Toronto Condo Network September 2010
 
Market Figures February 2011
Market Figures   February 2011Market Figures   February 2011
Market Figures February 2011
 
Toronto Real Estate Statistics september 2011
Toronto Real Estate Statistics september 2011Toronto Real Estate Statistics september 2011
Toronto Real Estate Statistics september 2011
 
Toronto real estate statistics august 2011
Toronto real estate statistics august 2011Toronto real estate statistics august 2011
Toronto real estate statistics august 2011
 
Treb Monthly Resale Figures March 2011
Treb Monthly Resale Figures   March 2011Treb Monthly Resale Figures   March 2011
Treb Monthly Resale Figures March 2011
 
Market Watch March 2012
Market Watch March 2012Market Watch March 2012
Market Watch March 2012
 
Toronto real estate statistics October 2011
Toronto real estate statistics October 2011Toronto real estate statistics October 2011
Toronto real estate statistics October 2011
 
Mw1110
Mw1110Mw1110
Mw1110
 
Toronto real estate statistics july 2011
Toronto real estate statistics july 2011Toronto real estate statistics july 2011
Toronto real estate statistics july 2011
 
Jason Mercer Condo Network October 30 2009
Jason Mercer Condo Network October 30 2009Jason Mercer Condo Network October 30 2009
Jason Mercer Condo Network October 30 2009
 
Condo Network October 30 2009
Condo Network October 30 2009Condo Network October 30 2009
Condo Network October 30 2009
 
Toronto real estate statistics December 2011
Toronto real estate statistics December 2011Toronto real estate statistics December 2011
Toronto real estate statistics December 2011
 
Economic and Real Estate Market Update from National Association of REALTORS
Economic and Real Estate Market Update from National Association of REALTORSEconomic and Real Estate Market Update from National Association of REALTORS
Economic and Real Estate Market Update from National Association of REALTORS
 
2012 Investment Review (Us)
2012 Investment Review (Us)2012 Investment Review (Us)
2012 Investment Review (Us)
 
Feb 2013 market seminar
Feb 2013 market seminarFeb 2013 market seminar
Feb 2013 market seminar
 
Wheres the-money-in-local-media
Wheres the-money-in-local-mediaWheres the-money-in-local-media
Wheres the-money-in-local-media
 
November 2011 Market Watch
November 2011 Market WatchNovember 2011 Market Watch
November 2011 Market Watch
 
Toronto real estate statistics november 2011
Toronto real estate statistics november 2011Toronto real estate statistics november 2011
Toronto real estate statistics november 2011
 

Más de Brent Reid

The Price of Experience: $25,000
The Price of Experience: $25,000The Price of Experience: $25,000
The Price of Experience: $25,000Brent Reid
 
TREB Housing Market Charts - September 2013
TREB Housing Market Charts - September 2013TREB Housing Market Charts - September 2013
TREB Housing Market Charts - September 2013Brent Reid
 
TREB Housing Market Charts
TREB Housing Market ChartsTREB Housing Market Charts
TREB Housing Market ChartsBrent Reid
 
TREB Housing Market Charts - July 2013
TREB Housing Market Charts - July 2013TREB Housing Market Charts - July 2013
TREB Housing Market Charts - July 2013Brent Reid
 
TREB Housing Market Charts -- April 2013
TREB Housing Market Charts -- April 2013TREB Housing Market Charts -- April 2013
TREB Housing Market Charts -- April 2013Brent Reid
 
Toronto Real Estate Board Housing Market Charts for March 2013
Toronto Real Estate Board Housing Market Charts for March 2013Toronto Real Estate Board Housing Market Charts for March 2013
Toronto Real Estate Board Housing Market Charts for March 2013Brent Reid
 
Treb housing market_charts-march_2013
Treb housing market_charts-march_2013Treb housing market_charts-march_2013
Treb housing market_charts-march_2013Brent Reid
 
TREB Housing Market Charts February 2013
TREB Housing Market Charts February 2013TREB Housing Market Charts February 2013
TREB Housing Market Charts February 2013Brent Reid
 
Toronto (TREB) Housing Market Charts January 2013
Toronto (TREB) Housing Market Charts January 2013Toronto (TREB) Housing Market Charts January 2013
Toronto (TREB) Housing Market Charts January 2013Brent Reid
 
TREB Housing Market Charts December 2012
TREB Housing Market Charts December 2012TREB Housing Market Charts December 2012
TREB Housing Market Charts December 2012Brent Reid
 
TREB Housing Market Charts November 2012
TREB Housing Market Charts November 2012TREB Housing Market Charts November 2012
TREB Housing Market Charts November 2012Brent Reid
 
Homebuyers' Road Map by CREA
Homebuyers' Road Map by CREAHomebuyers' Road Map by CREA
Homebuyers' Road Map by CREABrent Reid
 
TREB Housing Market Charts for October 2012
TREB Housing Market Charts for October 2012TREB Housing Market Charts for October 2012
TREB Housing Market Charts for October 2012Brent Reid
 
TREB Housing Market Charts -- September 2012
TREB Housing Market Charts -- September 2012TREB Housing Market Charts -- September 2012
TREB Housing Market Charts -- September 2012Brent Reid
 
TREB Housing Market Charts August 2012
TREB Housing Market Charts August 2012TREB Housing Market Charts August 2012
TREB Housing Market Charts August 2012Brent Reid
 
TREB Housing Market Charts for July 2012
TREB Housing Market Charts for July 2012TREB Housing Market Charts for July 2012
TREB Housing Market Charts for July 2012Brent Reid
 
TREB Housing Market Charts June 2012
TREB Housing Market Charts June 2012TREB Housing Market Charts June 2012
TREB Housing Market Charts June 2012Brent Reid
 
TREB Housing Market Charts -- May 2012
TREB Housing Market Charts -- May 2012TREB Housing Market Charts -- May 2012
TREB Housing Market Charts -- May 2012Brent Reid
 
TREB Housing Market Charts -- April 2012
TREB Housing Market Charts -- April 2012TREB Housing Market Charts -- April 2012
TREB Housing Market Charts -- April 2012Brent Reid
 
TREB Housing Market Charts March 2012
TREB Housing Market Charts March 2012TREB Housing Market Charts March 2012
TREB Housing Market Charts March 2012Brent Reid
 

Más de Brent Reid (20)

The Price of Experience: $25,000
The Price of Experience: $25,000The Price of Experience: $25,000
The Price of Experience: $25,000
 
TREB Housing Market Charts - September 2013
TREB Housing Market Charts - September 2013TREB Housing Market Charts - September 2013
TREB Housing Market Charts - September 2013
 
TREB Housing Market Charts
TREB Housing Market ChartsTREB Housing Market Charts
TREB Housing Market Charts
 
TREB Housing Market Charts - July 2013
TREB Housing Market Charts - July 2013TREB Housing Market Charts - July 2013
TREB Housing Market Charts - July 2013
 
TREB Housing Market Charts -- April 2013
TREB Housing Market Charts -- April 2013TREB Housing Market Charts -- April 2013
TREB Housing Market Charts -- April 2013
 
Toronto Real Estate Board Housing Market Charts for March 2013
Toronto Real Estate Board Housing Market Charts for March 2013Toronto Real Estate Board Housing Market Charts for March 2013
Toronto Real Estate Board Housing Market Charts for March 2013
 
Treb housing market_charts-march_2013
Treb housing market_charts-march_2013Treb housing market_charts-march_2013
Treb housing market_charts-march_2013
 
TREB Housing Market Charts February 2013
TREB Housing Market Charts February 2013TREB Housing Market Charts February 2013
TREB Housing Market Charts February 2013
 
Toronto (TREB) Housing Market Charts January 2013
Toronto (TREB) Housing Market Charts January 2013Toronto (TREB) Housing Market Charts January 2013
Toronto (TREB) Housing Market Charts January 2013
 
TREB Housing Market Charts December 2012
TREB Housing Market Charts December 2012TREB Housing Market Charts December 2012
TREB Housing Market Charts December 2012
 
TREB Housing Market Charts November 2012
TREB Housing Market Charts November 2012TREB Housing Market Charts November 2012
TREB Housing Market Charts November 2012
 
Homebuyers' Road Map by CREA
Homebuyers' Road Map by CREAHomebuyers' Road Map by CREA
Homebuyers' Road Map by CREA
 
TREB Housing Market Charts for October 2012
TREB Housing Market Charts for October 2012TREB Housing Market Charts for October 2012
TREB Housing Market Charts for October 2012
 
TREB Housing Market Charts -- September 2012
TREB Housing Market Charts -- September 2012TREB Housing Market Charts -- September 2012
TREB Housing Market Charts -- September 2012
 
TREB Housing Market Charts August 2012
TREB Housing Market Charts August 2012TREB Housing Market Charts August 2012
TREB Housing Market Charts August 2012
 
TREB Housing Market Charts for July 2012
TREB Housing Market Charts for July 2012TREB Housing Market Charts for July 2012
TREB Housing Market Charts for July 2012
 
TREB Housing Market Charts June 2012
TREB Housing Market Charts June 2012TREB Housing Market Charts June 2012
TREB Housing Market Charts June 2012
 
TREB Housing Market Charts -- May 2012
TREB Housing Market Charts -- May 2012TREB Housing Market Charts -- May 2012
TREB Housing Market Charts -- May 2012
 
TREB Housing Market Charts -- April 2012
TREB Housing Market Charts -- April 2012TREB Housing Market Charts -- April 2012
TREB Housing Market Charts -- April 2012
 
TREB Housing Market Charts March 2012
TREB Housing Market Charts March 2012TREB Housing Market Charts March 2012
TREB Housing Market Charts March 2012
 

TREB Market Update

  • 1. TREB Market Update Toronto Condo Network Presented By: Jason Mercer, TREB Senior Manager of Market Analysis April 15, 2011
  • 2. Bank of Canada held the line on rates, but hikes are on the way Outlook for the Bank of Canada's Target for the Overnight Lending Rate 7% Bank of Canada Target for the Overnight Rate 6% 3-Month T-Bill 5% 3-Month T-Bill (Forward Rates) 4% 3% 2% 1% 0% Source: Bank of Canada, Toronto Real Estate Board Toronto Condo Network April 15, 2011
  • 3. The five-year fixed mortgage rate will increase as well Outlook for the Average Five-Year Fixed Mortgage Rate 10% 9% 8% 7% 6% 5% Still Room for Discounting ING Direct (April 13/11) 4% 3% Five Year Fixed Rate Mortgage 2% Five Year Fixed Rate Mortgage Forecast 1% Five Year Government of Canada Bond Five Year GoC Bond (Forward Rates) 0% Source: Bank of Canada, Toronto Real Estate Board Toronto Condo Network April 15, 2011
  • 4. The GTA unemployment rate is declining GTA Unemployment Rate 14% 12% 10% 8% 6% 4% 2% 0% Jan-11(F) Jan-12(F) Jan-89 Jan-90 Jan-91 Jan-92 Jan-93 Jan-94 Jan-99 Jan-00 Jan-01 Jan-02 Jan-03 Jan-04 Jan-09 Jan-10 Jan-88 Jan-95 Jan-96 Jan-97 Jan-98 Jan-05 Jan-06 Jan-07 Jan-08 Source: Statistics Canada (Historic); TREB (Forecast) Toronto Condo Network April 15, 2011
  • 5. Incomes are rising in the GTA Annual Growth Rate for Average Weekly Earnings 5% 4.7% 4% 4.4% 4.2% 3.6% 3% 3.5% 3.2% 3.0% 3.0% 2% 2.5% 0.8% 2.1% 1.6% 1.3% 1.5% 1% 0% -1% -1.0% -2% Source: Statistics Canada (Historic); TREB (Forecast) Toronto Condo Network April 15, 2011
  • 6. Affordability is a key indicator for the direction of price and sales TREB Affordability Indicator Share of Average Household Income Used for Mortgage Principal and Interest, Property Taxes and Utilities on the Averaged Priced GTA Resale Home 55% 50% 45% 40% 35% 30% 25% Source: Toronto Real Estate Board Data and Calculation; Statistics Canada Toronto Condo Network April 15, 2011
  • 7. TorontoMLS® sales forecast TorontoMLS® Sales (Annual) 100,000 80,000 60,000 40,000 20,000 0 Source: Toronto Real Estate Board Toronto Condo Network April 15, 2011
  • 8. TorontoMLS® average selling price forecast Average TorontoMLS® Selling Price $500,000 $400,000 $300,000 $200,000 $100,000 $0 Source: Toronto Real Estate Board Toronto Condo Network April 15, 2011
  • 9. First Quarter 2011 Condo Apartment Statistics – All TREB Districts Share of Total Condo Apartment Sales By TREB Area Condo Apartment Price by Bedroom Type (All Districts) $400,000 Average Selling Price $350,000 Median Selling Price $300,000 1389 $250,000 Central TREB Districts $200,000 2423 East TREB Districts $150,000 North TREB Districts $100,000 519 West TREB Districts $50,000 $0 657 Bachelor One Bedroom Two Bedroom Three Total Bedroom Source: TREB Source: Toronto Real Estate Board Share of Total Condo Apartment Sales By Bedroom Type Condo. Apartment Sales by Price Range 0-199,999 7% 200K-299,999 300K-399,999 Selling Price Range 400K-499,999 Bachelor 500K-599,999 One Bedroom 600K-699,999 42% 700K-799,999 49% Two Bedroom 800K-899,999 Three Bedroom 900K-999,999 1,000,000+ 0 200 400 600 800 1000 1200 1400 1600 1800 Number of Sales Source: TREB Source: TREB Toronto Condo Network April 15, 2011
  • 10. Share of condo apartment sales varied by district in the first quarter Toronto Condo Network April 15, 2011
  • 11. Average condo apartment prices varied by district in the first quarter % Over/Under the Average TREB Condo Apartment Price Toronto Condo Network April 15, 2011
  • 12. Downtown Core – First Quarter Condominium Apartment Summary Condo. Apartment Sales by Price Range (Downtown Core) 0-199,999 200K-299,999 300K-399,999 Selling Price Range 400K-499,999 500K-599,999 600K-699,999 Downtown Core 700K-799,999 800K-899,999 900K-999,999 1,000,000+ 0 200 400 600 800 Number of Sales Source: TREB Price By Bedroom Type (Downtown Core) Condo Sales By Bedroom Type (Downtown Core ) $1,200,000 Average Selling Price Bachelor 84 $1,000,000 Median Selling Price One Bedroom 375 $800,000 One Bedroom + 388 $600,000 Two Bedroom 279 $400,000 Two Bedroom + 140 $200,000 Three Bedroom 9 $0 Bach. 1 Bd 1 Bd + 2 Bd 2 Bd + 3 Bd + Total 0 100 200 300 400 500 Source: TREB Source: TREB Toronto Condo Network April 15, 2011
  • 13. North York City Centre – First Quarter Condominium Apartment Summary Condo. Apartment Sales by Price Range (North York City Centre) 0-199,999 200K-299,999 300K-399,999 Selling Price Range 400K-499,999 500K-599,999 North York City 600K-699,999 700K-799,999 Centre 800K-899,999 900K-999,999 1,000,000+ 0 100 200 300 Number of Sales Source: TREB Price By Bedroom Type (North York City Centre) Condo Sales By Bedroom Type (North York City Centre) $500,000 Average Selling Price Bachelor 1 $450,000 $400,000 Median Selling Price One Bedroom 111 $350,000 $300,000 One Bedroom + 116 $250,000 $200,000 Two Bedroom 162 $150,000 Two Bedroom + 98 $100,000 $50,000 Three Bedroom 35 $0 Bach. 1 Bd 1 Bd + 2 Bd 2 Bd + 3 Bd + Total 0 50 100 150 200 Source: TREB Source: TREB Toronto Condo Network April 15, 2011
  • 14. Mississauga City Centre – First Quarter Condominium Apartment Summary Condo. Apartment Sales by Price Range (Mississauga City Centre) 0-199,999 200K-299,999 300K-399,999 Selling Price Range 400K-499,999 Mississauga 500K-599,999 City Centre 600K-699,999 700K-799,999 800K-899,999 900K-999,999 1,000,000+ 0 100 200 300 Number of Sales Source: TREB Price By Bedroom Type (Mississauga City Centre) Condo Sales By Bedroom Type (Mississauga City Centre) $300,000 Average Selling Price Bachelor 0 $250,000 Median Selling Price One Bedroom 47 $200,000 One Bedroom + 96 $150,000 Two Bedroom 104 $100,000 Two Bedroom + 104 $50,000 Three Bedroom 21 $0 Bach. 1 Bd 1 Bd + 2 Bd 2 Bd + 3 Bd + Total 0 20 40 60 80 100 120 Source: TREB Source: TREB Toronto Condo Network April 15, 2011
  • 15. Rental Market Number of Units Listed Increases in Rental Listings and Transactions 3rd Trimester 2010 vs. 3rd Trimester 2009 3,500 • Following the trend for condominium apartment completions in the 2010 2009 last four months of 2010, the number of rental units listed on the 3,000 TorontoMLS® system increased. 2,500 • While the number of rental units listed increased, so too did the 2,000 number of rental transactions, suggesting that there are a growing 1,500 number of households looking to rent condominium apartments. 1,000 • Average rents remained more or less flat compared to 2009. 500 Because demand kept up with supply, we did not see any 0 widespread downward pressure on rents. Downtown Core North York City Centre Mississauga City Centre Source: TREB Number of Units Rented Average One-Bedroom Rents 3rd Trimester 2010 vs. 3rd Trimester 2009 3rd Trimester 2010 vs. 3rd Trimester 2009 2,000 $2,000 2010 2009 2010 2009 $1,600 1,500 $1,200 1,000 $800 500 $400 0 $0 Downtown Core North York City Centre Mississauga City Centre All TREB Downtown Core North York City Mississauga City Centre Centre Source: TREB Source: TREB Toronto Condo Network April 15, 2011
  • 16. Strong condo completions have resulted in a more balanced market Condominium Apartment Sales-to-Active Listings Ratio and Median Price Growth (All Areas) 70% Annual Median Price Change (Right Scale) 25% Annual Median Price Growth 60% Sales-to-Active Listings Ratio (Left Scale) 20% Sales-to-Active Listings ratio 50% 15% 40% 10% 30% 5% 20% 0% 10% -5% 0% -10% Source: Toronto Real Estate Board Toronto Condo Network April 15, 2011