GTA REALTORS(R) Release Monthly Resale Housing Figures

TORONTO, ONTARIO--(Marketwired - Sept. 4, 2015) - Toronto Real Estate Board President Mark McLean announced that Greater Toronto Area REALTORS® reported 7,998 residential transactions through the TREB MLS® System in August 2015. This result represented a 5.7 per cent increase compared to 7,568 sales reported in August 2014. On a GTA-wide basis, sales were up for all major home types.

The annual growth rate in new listings was greater than the annual growth rate in sales, but active listings at the end of August were still down compared to last year. This suggests that sellers' market conditions remained in place, especially where low-rise home types like singles, semis and townhouses were concerned.

"Buyers in the GTA remain confident in their ability to purchase and pay for a home over the long term. They see ownership housing as a quality investment that has historically produced positive returns while at the same time providing owners with a place to live in their chosen community," said Mr. McLean.

Both the MLS® Home Price Index (HPI) Composite Benchmark and the average selling price for all home types combined were up substantially in August compared to the same period in 2014, with both increasing by approximately 10 per cent year-over-year.

"A record year for home sales continued to unfold in August as competition between buyers exerted upward pressure on selling prices. It was encouraging to see annual growth in new listings outstrip annual growth in sales, but we will need to see this for a number of months before market conditions become more balanced," said Jason Mercer, TREB's Director of Market Analysis.

Summary of Toronto MLS Sales and Average Price - August 1 - 31, 2015
	2015							2014
	Sales		Average Price		New Listings			Sales		Average Price		New Listings
City of Toronto ("416")	2,807		605,817		4,883			2,752		564,270		4,239
Rest of GTA ("905")	5,191		600,872		7,745			4,816		536,318		7,420
GTA	7,998		602,607		12,628			7,568		546,482		11,659

Toronto MLS Sales & Average Price By Home Type - August 1 - 31, 2015
		Sales									Average Price
		416			905			Total			416			905			Total
Detached		756			2,913			3,669			1,017,652			733,577			792,111
	Yr./Yr. % Change	-8.5	%		7.5	%		3.7	%		12.9	%		13.8	%		12.4	%
Semi-Detached		231			565			796			662,968			492,428			541,919
	Yr./Yr. % Change	-5.7	%		5.0	%		1.7	%		5.5	%		10.5	%		7.8	%
Townhouse		315			931			1,246			524,136			451,311			469,721
	Yr./Yr. % Change	1.3	%		0.5	%		0.7	%		13.2	%		11.0	%		11.7	%
Condo Apartment		1,475			643			2,118			406,587			319,764			380,228
	Yr./Yr. % Change	10.1	%		23.4	%		13.8	%		9.5	%		4.1	%		7.6	%

August 2015 Year-Over-Year Per Cent Change in the MLS® HPI
	Composite (All Types)		Single-Family Detached		Single-Family Attached		Townhouse		Apartment
TREB Total	9.99	%	11.55	%	10.98	%	9.63	%	4.66	%
Halton Region	9.50	%	9.82	%	9.53	%	6.25	%	-
Peel Region	9.38	%	10.54	%	10.79	%	9.23	%	2.62	%
City of Toronto	7.54	%	9.62	%	8.03	%	8.89	%	4.59	%
York Region	14.14	%	14.69	%	14.58	%	14.04	%	7.17	%
Durham Region	13.80	%	13.40	%	15.01	%	10.92	%	10.97	%
Orangeville	8.00	%	8.73	%	8.18	%	-		-
South Simcoe County1	12.79	%	12.66	%	12.14	%	-		-
1South Simcoe includes Adjala-Tosorontio, Bradford West Gwillimbury, Essa, Innisfil and New Tecumseth

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 42,000 TREB Members serve consumers in the Greater Toronto Area. TREB is Canada's largest real estate board.