1. SINGLE FAMILY RESIDENTIAL BREAKDOWN
November 2009 1.5 % 6.7% %
25.7 % 0.4
0.1 %
GTA Home Sales Remain Strong
in November 8.1 %
TORONTO - Thursday, December 3, 2009
Greater Toronto REALTORS® average price year-to-date was up 10.9 % 46.4 %
reported 7,446 sales in November four per cent to $394,464.
– slightly more than double the
“Very strong annual growth rates for
November 2008 result when GTA
sales and average price %should be
2.3 7.0 % Dwelling Type Sales % Median
home sales had dipped markedly 0.3 %
expected 21.5 %
through the first quarter of
0.1 % Single Detached 3,457
Detached 99 $445,000
due to the economic downturn.
2010, because we will be comparing Semi Detached
Semi-Detached 813 101 $359,000
Year-to-date sales were up 14 per
the current recovery to the housing Condo T.H.
Condo Townhouse 604 99 $268,500
cent compared to the first 11 months
market decline experienced last
8.5 %
Condo Apt.
Condo Apt 1,917 99 $270,000
of 2008. Link
winter,” according to Jason Mercer, Link 115 99 $357,000
“This year in the GTA home sales TREB’s Senior Manager of Market Attached/Row
Att/Row/Twnhouse 500 100 $331,000
Co-op Apt.
will be in line with the healthy Analysis. “As we move into the %
12.0 % 48.3
Co-op Apt 33 98 $199,000
Detached Condo
Det Condo 7 97 $334,500
levels experienced between 2004 spring, growth rates will move to
and 2006,” said Toronto Real more sustainable levels.”
Estate Board President Tom Lebour. Housing Market Indicators
Nov. 2008 Nov. 2009 %Change
“Increased resale home transactions
in the Toronto area and country-wide Median Price Sales
New Listings
3,640
9,925
7,446
9,923
(105%)
(0%)
played a key role in pushing the Active Listings* 27,037 13,827 (-49%)
In November, the median Days on Market 41 26 (-37%)
Canadian economy out of recession
* All figures for single-family dwellings.
in the third quarter.” price was $353,800, from the
The average price for November $312,250 recorded during
transactions was up 14 per cent
year-over-year to $418,460. The
November of 2008. n
Inside
District Map ............................................................. 2
Annual Average and Median Price Price Category Breakdown......................................2
East District ............................................................. 3
West District ............................................................ 6
Toronto District ......................................................10
500000 Average Median
North District..........................................................12
400000 Annual Summary ...................................................16
300000 Single Family Comparison ....................................16
200000
100000
0
1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009
16. District Totals
New Active Listed Sales $ Volume Avg Price Med Price Avg DOM Avg Month
Grand Total 9,923 13,827 N/A 7,446 3,115,856,777 418,460 353,800 26 99
Year N/A N/A 129,526 81,929 32,318,031,395 394,464 337,500 33 98
Annual Summary - Single Family
Year *Number of Sales *Average Price Year *Number of Sales *Average Price
1975 22,020 $57,581 2008
1976 19,025 $61,389 January 5,075 $374,449
1977 20,512 $64,559 February 6,015 $382,048
1978 21,184 $67,333 March 6,631 $380,338
1979 23,466 $70,830 April 8,762 $398,687
1980 26,017 $75,694 May 9,411 $398,148
1981 29,625 $90,203 June 8,600 $395,866
1982 25,336 $95,496 July 7,806 $371,427
1983 30,046 $101,626 August 6,318 $364,886
1984 31,905 $102,318 September 6,424 $368,549
1985 45,509 $109,094 October 5,155 $352,974
1986 52,919 $138,925 November 3,640 $368,582
1987 43,475 $189,105 December 2,577 $361,415
1988 49,381 $229,635
1989 38,960 $273,698 Total** 74,552 $379,347
1990 26,779 $255,020
1991 38,144 $234,313 2009
1992 41,703 $214,971 January 2,670 $343,632
1993 38,990 $206,490 February 4,120 $361,305
1994 44,237 $208,921 March 6,171 $362,050
1995 39,273 $203,028 April 8,107 $385,641
1996 55,779 $198,150 May 9,589 $395,609
1997 58,014 $211,307 June 10,955 $403,972
1998 55,344 $216,815 July 9,967 $395,414
1999 58,957 $228,372 August 8,035 $387,921
2000 58,343 $243,255 September 8,196 $406,877
2001 67,612 $251,508 October 8,476 $423,559
2002 74,759 $275,231 November 7,446 $418,460
2003 78,898 $293,067
2004 83,501 $315,231 Year-to-Date** 81,929 $394,464
2005 84,145 $335,907
2006 83,084 $351,941
2007 93,193 $376,236
* Due to District revisions, caution should be exercised when undertaking historical comparisons. Please refer to appropriate maps.
**This figure may not equal the sum of all monthly totals, as the year-to-date total reflects sales reported in error and deals that have fallen through since January 1st.
Single Family Dwelling Sales Comparison
Sales Active Listing Average Price
15000 500000
35000
13500
30000
12000
425000
10500 25000
9000
20000
7500 350000
6000 15000
4500 10000 275000
3000
5000
1500
0 0 200000
Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009
2008 2009 2008 2009
16 TORONTO REAL ESTATE BOARD