Toronto Real Estate Board

Toronto Real Estate Board

October 05, 2015 07:00 ET

GTA REALTORS® Release Monthly Resale Housing Figures

TORONTO, ONTARIO--(Marketwired - Oct. 5, 2015) - Toronto Real Estate Board President Mark McLean announced that Greater Toronto Area REALTORS® reported a record number of transactions for the month of September through TREB's MLS® System. There was a combined 8,200 home sales reported for September 2015. This result was up 2.5 per cent compared to September 2014.

TREB MLS® sales through the first nine months of 2015 amounted to 80,331, which also represented a record result and a 9.5 per cent increase compared to the first three quarters of 2014.

"We are on track for record home sales reported through TREB's MLS® System this year. Barring a drastic shift in the economy over the next three months, total transactions reported by TREB Members in 2015 are expected to be at or near the 100,000 mark. This is a testament to the importance that GTA households put on home ownership as a long- term investment," said Mr. McLean.

The MLS® Home Price Index (HPI) Composite Benchmark Price was up by 10.5 per cent year over year. The average selling price for all home types combined was also up by 9.2 per cent annually to $627,395. Growth in the MLS® HPI Composite Benchmark and the average price was driven by the low-rise market segments, including detached and semi- detached houses and townhouses.

"While September was the second straight month where annual growth in new listings outstripped annual growth sales, total active listings at the end of the month still remained below last year's level. This, coupled with the record pace of sales experienced so far this year, suggests that competition between buyers will remain strong as we move into the fourth quarter. Expect strong rates of price growth to continue through the remainder of 2015 and into 2016," said Jason Mercer, TREB's Director of Market Analysis.

Summary of TorontoMLS Sales and Average Price
September 1 - 30, 2015
2015 2014
Sales Average Price New Listings Sales Average Price New Listings
City of Toronto ("416") 3,137 674,922 6,816 3,051 625,971 6,571
Rest of GTA ("905") 5,063 597,947 9,261 4,950 542,653 9,000
GTA 8,200 627,395 16,077 8,001 574,424 15,571
TorontoMLS Sales & Average Price By Home Type
September 1 - 30, 2015
Sales Average Price
416 905 Total 416 905 Total
Detached 1,051 2,827 3,878 1,053,871 732,852 819,853
Yr./Yr. % Change 0.0% 0.9% 0.7% 10.7% 11.6% 11.2%
Semi-Detached 318 523 841 740,373 497,775 589,506
Yr./Yr. % Change 1.9% 2.5% 2.3% 7.3% 11.1% 9.2%
Townhouse 300 984 1,284 527,257 448,930 467,231
Yr./Yr. % Change 2.0% 6.3% 5.2% 10.8% 9.6% 9.7%
Condo Apartment 1,444 608 2,052 418,603 307,295 385,623
Yr./Yr. % Change 5.6% 2.4% 4.6% 5.6% 2.2% 5.0%
Composite
(All
Types)
Single-Family
Detached
Single-Family
Attached
Townhouse Apartment
TREB Total 10.46% 12.01% 11.20% 9.85% 5.65%
Halton Region 9.39% 9.66% 9.77% 6.86% -
Peel Region 9.68% 10.46% 10.94% 10.04% 3.26%
City of Toronto 8.62% 10.88% 8.54% 8.84% 5.95%
York Region 13.95% 14.73% 14.70% 12.30% 5.52%
Durham Region 13.51% 13.26% 14.71% 11.59% 11.58%
Orangeville 10.44% 11.24% 10.37% - -
South Simcoe County1 13.31% 12.54% 14.53% - -

Source: Toronto Real Estate Board

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.

Contact Information

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