Toronto Real Estate Board

Toronto Real Estate Board

September 16, 2014 09:00 ET

Greater Toronto REALTORS® Report Toronto MLS Housing Figures

TORONTO, ONTARIO--(Marketwired - Sept. 16, 2014) - Toronto Real Estate Board President Paul Etherington announced that Greater Toronto REALTORS® reported 3,297 sales through the TorontoMLS system during the first 14 days of September 2014. This result represented an 8.3 per cent increase compared to the same period in 2013. Year-to-date sales through September 14, at 68,731, were up by 6.6 per cent compared to the same period in 2013.

"The sales result for the first two weeks of September showed strong growth for most major home types, indicating that home buyers continue to find homes that meet their needs and budgets. With a lot of buyers active in the marketplace relative to the number of homes for sale, average selling prices were up strongly for most low-rise and high-rise home ownership options," said Mr. Etherington.

The average selling price for September mid-month sales was $555,890, which represented an increase of 8.1 per cent compared to the average price for the first two weeks of September 2013. Average price growth was strongest for single-detached and semi-detached homes.

The average year-to-date selling price was up by 8.5 per cent year-over-year to $562,244.

"Average prices in the low-rise market segments, including singles, semis and towns, continued to experience the impact of strong competition between buyers. It is also clear that while the condo apartment market segment remains comparatively better supplied, there are enough buyers relative to available condo listings to prompt very strong average price growth for this type of ownership housing as well," said Jason Mercer, TREB's Director of Market Analysis.

Summary of TorontoMLS Sales and Average Price September 1 - 14

2014 2013
Sales Average Price New Listings Sales Average Price New Listings
City of Toronto ("416") 1,203 $594,033 3,157 1,110 $531,133 2,996
Rest of GTA ("905") 2,094 $533,977 4,380 1,934 $504,357 4,507
GTA 3,297 $555,890 7,537 3,044 $514,121 7,503

TorontoMLS Sales & Average Price By Home Type September 1 - 14, 2014

Sales Average Price
416 905 Total 416 905 Total
Detached 385 1,191 1,576 912,403 640,275 706,753
Yr./Yr. % Change 8.5% 5.4% 6.1% 12.2% 6.6% 8.5%
Semi-Detached 121 229 350 670,180 452,813 527,960
Yr./Yr. % Change 21.0% 15.7% 17.4% 14.8% 12.1% 13.8%
Townhouse 114 367 481 466,522 408,445 422,209
Yr./Yr. % Change -11.6% 1.1% -2.2% 5.5% 6.8% 6.1%
Condo Apartment 568 255 823 390,727 296,340 361,482
Yr./Yr. % Change 9.7% 26.2% 14.3% 10.2% 0.5% 7.0%

Greater Toronto REALTORS® 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 39,000 TREB Members serve consumers in the Greater Toronto Area.

TREB is Canada's largest real estate board.

Contact Information

  • Media Inquiries:
    Mary Gallagher
    Senior Manager Public Affairs
    (416) 443-8158
    maryg@trebnet.com