1. For All TREB Member Inquiries:
(416) 443-8152
For All Media/Public Inquiries:
January 2013 (416) 443-8158
Economic Indicators Positive Start to 2013 TorontoMLS Sales Activity1,7
TORONTO, February 5, 2013 – Greater Toronto Area REALTORS® reported 4,375
Real GDP Growthi transactions through the TorontoMLS system in January 2013. This number
Q3 2012 t 0.6% represented a slight decline compared to 4,432 transactions reported in January
2012.
Toronto Employment Growthi i
“The January sales figures represent a good start to 2013. While the number of
December 2012 t 4.5% transactions was down slightly compared to last year, the rate of decline was 4,375 4,432
Toronto Unemployment Rate 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
December 2012 u 8.3%
stricter mortgage lending guidelines, are once again becoming active in the
Inflation (Yr./Yr. CPI Growth)
ii market,” said Toronto Real Estate Board (TREB) President Ann Hannah.
December 2012 t 0.8% “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
January 2013 January 2012
iii
Bank of Canada Overnight Rate additional upfront land transfer tax in the City of Toronto,” added Ms. Hannah.
January 2013 q 1.0% The average selling price for January 2013 sales was $482,648 – up by 4.3 per cent TorontoMLS Average Price1,7
iv
compared to $462,655 in January 2012. The MLS® Home Price Index (HPI)
Prime Rate Composite Benchmark price was up by 3.8 per cent over the same period.
January 2013 q 3.0% “There will be enough competition between buyers in the marketplace to prompt
iv continued growth in home prices in 2013. Expect annual average price growth in
Mortgage Rates (Jan. 2013)
the three to five per cent range this year,” said Jason Mercer, TREB’s Senior
$482,648
$462,655
Chartered Bank Fixed Rates Manager of Market Analysis.
1 Year q 3.00%
1,7
3 Year u 3.65% Sales & Average Price By Major Home Type
5 Year q 5.24%
January 2013
Sources and Notes: Sales Average Price
i
Statistics Canada, Quarter-over-quarter 416 905 Total 416 905 Total January 2013 January 2012
growth, annualized
Detached 502 1,579 2,081 $765,049 $563,675 $612,252
ii
Statistics Canada, Year-over-year growth 1,7
for the most recently reported month
Yr./Yr. % Change -7.6% 3.7% 0.7% 2.7% 6.8% 4.7% Year-Over-Year Summary
Semi-Detached 147 324 471 $586,080 $391,830 $452,456 2013 2012 % Chg.
iii
Bank of Canada, Rate from most recent
Yr./Yr. % Change -5.2% 0.9% -1.1% 12.5% 3.6% 6.5% Sales 4,375 4,432 -1.3%
Bank of Canada announcement
iv
Townhouse 166 519 685 $418,262 $359,271 $373,566 New Listings 10,624 9,598 10.7%
Bank of Canada, Rates for most recently
completed month Yr./Yr. % Change -11.2% 1.0% -2.3% 1.8% 5.6% 4.0% Active Listings 14,231 12,290 15.8%
Condo Apartment 730 321 1,051 $340,295 $269,073 $318,542 Average Price $482,648 $462,655 4.3%
Yr./Yr. % Change -4.5% -6.4% -5.1% -1.3% -1.4% -1.2% Average DOM 37 32 12.9%
2. Toronto Real Estate Board
SALES BY PRICE RANGE AND HOUSE TYPE1,7 JANUARY 2013
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 2 0 1 2 12 0 0 0 0 17
$100,000 to $199,999 27 9 2 31 156 0 4 0 1 230
$200,000 to $299,999 164 38 44 102 369 14 1 3 1 736
$300,000 to $399,999 328 145 148 124 302 21 0 0 1 1,069
$400,000 to $499,999 408 178 116 27 130 23 0 1 0 883
$500,000 to $599,999 379 48 37 14 36 11 0 0 0 525
$600,000 to $699,999 248 24 11 3 22 6 0 0 0 314
$700,000 to $799,999 174 10 10 4 11 0 0 0 0 209
$800,000 to $899,999 96 7 3 2 5 0 0 0 0 113
$900,000 to $999,999 60 4 0 3 4 0 0 0 0 71
$1,000,000 to $1,249,999 92 5 1 0 1 0 0 0 0 99
$1,250,000 to $1,499,999 38 0 0 0 2 0 0 0 0 40
$1,500,000 to $1,749,999 20 1 0 0 1 0 0 0 0 22
$1,750,000 to $1,999,999 20 1 0 0 0 0 0 0 0 21
$2,000,000 + 25 1 0 0 0 0 0 0 0 26
Total Sales 2,081 471 373 312 1,051 75 5 4 3 4,375
Share of Total Sales 47.6% 10.8% 8.5% 7.1% 24.0% 1.7% 0.1% 0.1% 0.1% -
Average Price $612,252 $452,456 $411,757 $327,908 $318,542 $415,062 $141,000 $301,250 $220,333 $482,648
SALES BY PRICE RANGE AND HOUSE TYPE1,7 YEAR-TO-DATE, 2013
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 2 0 1 2 12 0 0 0 0 17
$100,000 to $199,999 27 9 2 31 156 0 4 0 1 230
$200,000 to $299,999 164 38 44 102 369 14 1 3 1 736
$300,000 to $399,999 328 145 148 124 302 21 0 0 1 1,069
$400,000 to $499,999 408 178 116 27 130 23 0 1 0 883
$500,000 to $599,999 379 48 37 14 36 11 0 0 0 525
$600,000 to $699,999 248 24 11 3 22 6 0 0 0 314
$700,000 to $799,999 174 10 10 4 11 0 0 0 0 209
$800,000 to $899,999 96 7 3 2 5 0 0 0 0 113
$900,000 to $999,999 60 4 0 3 4 0 0 0 0 71
$1,000,000 to $1,249,999 92 5 1 0 1 0 0 0 0 99
$1,250,000 to $1,499,999 38 0 0 0 2 0 0 0 0 40
$1,500,000 to $1,749,999 20 1 0 0 1 0 0 0 0 22
$1,750,000 to $1,999,999 20 1 0 0 0 0 0 0 0 21
$2,000,000 + 25 1 0 0 0 0 0 0 0 26
Total Sales 2,081 471 373 312 1,051 75 5 4 3 4,375
Share of Total Sales 47.6% 10.8% 8.5% 7.1% 24.0% 1.7% 0.1% 0.1% 0.1% -
Average Price $612,252 $452,456 $411,757 $327,908 $318,542 $415,062 $141,000 $301,250 $220,333 $482,648
Page 3 July 2010
Market Watch, January 2013 2