Saheel ITREND Futura At Baner Annexe Pune - PDF.pdf
Toronto Real Estate Board Market Watch October 2011
1. For All TREB Member Inquiries:
(416) 443-8152
For All Media/Public Inquiries:
October 2011 (416) 443-8158
Economic Indicators Pace of Home Sales Remains Brisk in October TorontoMLS® Sales Activity1,7
Toronto, November 3, 2011 — Greater Toronto REALTORS® reported 7,642
Real GDP Growthi
home sales through the TorontoMLS® in October 2011. This represented an
Q2 2011 u -0.4% increase of 17.5 per cent compared to the 6,504 transactions reported in October
2010.
Toronto Employment Growthi i
September 2011 t 0.8% Monthly sales data follow a recurring seasonal trend that should be removed before
comparing monthly results within the same year. After adjusting for seasonality, the 7,642
Toronto Unemployment Rate annualized rate of sales for October was 97,100, which was above the average of 6,504
90,700 for the first three quarters of 2011.
September 2011 u 7.9%
ii
“The pace of October resale home transactions remained brisk in the GTA. This
Inflation (Yr./Yr. CPI Growth) bodes well for a strong finish to 2011,” said Toronto Real Estate Board President
September 2011 t 3.2% Richard Silver. “Home buyers who found it difficult to make a deal in the spring and
October 2011 October 2010
summer due to a shortage of listings have benefitted from increased supply in the
iii
Bank of Canada Overnight Rate fall.”
October 2011 q 1.0% The average selling price through the TorontoMLS® in October was $478,137 – up TorontoMLS® Average Price1,7
iv eight per cent compared to October 2010.
Prime Rate
“Sellers’ market conditions remain in place in many parts of the GTA. The result has
October 2011 q 3.0%
been above-average annual rates of price growth for most home types,” said Jason
iv Mercer, the Toronto Real Estate Board’s Senior Manager of Market Analysis.
Mortgage Rates (Oct. 2011)
“Thanks to low interest rates, strong price growth has not substantially changed the
$478,137
$442,799
Chartered Bank Fixed Rates positive affordability picture in the City of Toronto and surrounding regions.”
1 Year q 3.50%
1,7
3 Year u 4.05% Sales & Average Price By Major Home Type
5 Year t 5.29%
October 2011
Sources and Notes: Sales Average Price
i
Statistics Canada, Quarter-over-quarter 416 905 Total 416 905 Total October 2011 October 2010
growth, annualized
Detached 1,038 2,540 3,578 $751,612 $534,258 $597,314
ii
Statistics Canada, Year-over-year growth 1,7
for the most recently reported month
Yr./Yr. % Change 9% 17% 15% 6% 9% 7% Year-Over-Year Summary
Semi-Detached 366 515 881 $539,917 $372,022 $441,772 2011 2010 % Chg.
iii
Bank of Canada, Rate from most recent
Yr./Yr. % Change 24% 28% 26% 9% 11% 10% Sales 7,642 6,504 17.5%
Bank of Canada announcement
iv
Townhouse 330 801 1,131 $440,207 $342,146 $370,758 New Listings 12,405 10,507 18.1%
Bank of Canada, rates for most recently
completed month Yr./Yr. % Change 20% 14% 16% 11% 11% 12% Active Listings 17,794 18,305 -2.8%
Condo Apartment 1,358 544 1,902 $367,715 $276,308 $341,571 Average Price $478,137 $442,799 8.0%
Yr./Yr. % Change 18% 19% 19% 9% 9% 9% Average DOM 26 31 -18.0%
2. Toronto Real Estate Board
SALES BY PRICE RANGE AND HOUSE TYPE1,7 OCTOBER 2011
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 1 0 2 18 0 0 0 0 23
$100,000 to $199,999 75 22 6 61 261 0 4 2 3 434
$200,000 to $299,999 300 79 114 205 619 22 1 2 6 1,348
$300,000 to $399,999 663 321 184 222 577 20 5 4 0 1,996
$400,000 to $499,999 743 274 125 59 229 49 0 5 0 1,484
$500,000 to $599,999 592 71 64 12 90 24 0 0 0 853
$600,000 to $699,999 390 42 22 12 48 2 0 0 0 516
$700,000 to $799,999 229 35 14 12 24 0 0 1 0 315
$800,000 to $899,999 172 14 4 2 5 0 0 0 0 197
$900,000 to $999,999 89 10 1 0 5 0 0 0 0 105
$1,000,000 to $1,249,999 128 8 2 2 10 0 0 0 0 150
$1,250,000 to $1,499,999 66 1 1 2 6 0 0 0 0 76
$1,500,000 to $1,749,999 52 1 2 0 3 0 0 0 0 58
$1,750,000 to $1,999,999 24 0 0 0 2 0 0 0 0 26
$2,000,000 + 53 2 0 1 5 0 0 0 0 61
Total Sales 3,578 881 539 592 1,902 117 10 14 9 7,642
Share of Total Sales 46.8% 11.5% 7.1% 7.7% 24.9% 1.5% 0.1% 0.2% 0.1% -
Average Price $597,314 $441,772 $409,463 $335,519 $341,571 $416,923 $262,800 $371,925 $213,403 $478,137
SALES BY PRICE RANGE AND HOUSE TYPE1,7 YEAR-TO-DATE, 2011
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 28 3 5 37 192 0 13 0 4 282
$100,000 to $199,999 710 199 72 760 2,819 17 50 4 20 4,651
$200,000 to $299,999 3,317 967 1,165 2,220 6,412 312 23 27 35 14,478
$300,000 to $399,999 7,104 3,391 2,181 2,189 5,741 309 19 25 5 20,964
$400,000 to $499,999 7,696 2,435 1,302 493 2,240 468 7 22 0 14,663
$500,000 to $599,999 6,191 721 485 188 890 164 4 7 1 8,651
$600,000 to $699,999 4,104 424 202 117 361 25 0 0 0 5,233
$700,000 to $799,999 2,354 230 87 54 188 3 0 3 0 2,919
$800,000 to $899,999 1,509 113 46 25 80 0 0 2 0 1,775
$900,000 to $999,999 889 41 16 13 50 0 0 0 0 1,009
$1,000,000 to $1,249,999 1,229 61 15 12 80 0 1 0 0 1,398
$1,250,000 to $1,499,999 703 24 9 8 35 0 0 0 0 779
$1,500,000 to $1,749,999 374 16 6 2 32 0 0 0 0 430
$1,750,000 to $1,999,999 212 10 2 0 14 0 0 1 0 239
$2,000,000 + 485 18 0 1 37 0 0 0 0 541
Total Sales 36,905 8,653 5,593 6,119 19,171 1,298 117 91 65 78,012
Share of Total Sales 47.3% 11.1% 7.2% 7.8% 24.6% 1.7% 0.1% 0.1% 0.1% -
Average Price $582,389 $430,360 $395,115 $317,528 $330,925 $391,389 $226,272 $392,913 $219,727 $465,294
Page 3 July 2010
Market Watch, October 2011 2