GTA REALTORS(R) Release Monthly Resale Housing Figures

TORONTO, ONTARIO--(Marketwired - Dec. 3, 2015) - Toronto Real Estate Board President Mark McLean announced that Greater Toronto Area REALTORS® reported 7,385 home sales through TREB's MLS® System in November 2015 - up by 14 per cent compared to November 2014. This result also represented the best result on record for the month of November. Sales through the first eleven months of 2015 amounted to 96,401.

"Not only did we see a record sales result for November, but with one month left to go in 2015, we have already set a new calendar year record for home sales in the TREB market area, eclipsing the previous record set in 2007. Sales were up on a year-over-year basis for all major home types, both in the City of Toronto and surrounding regions. This suggests that the demand for ownership housing is widespread, from first-time buyers to long-time homeowners across the GTA," said Mr. McLean.

The MLS® Home Price Index (HPI) Composite Benchmark was up by 10.3 per cent year over year in November. The average selling price for all transactions was also up by a similar annual rate of 9.6 per cent to $632,685. Annual rates of average price growth for November and the first eleven months of 2015 were similar, with the strongest rates of increase being reported for low-rise home types, including detached and semi-detached houses and townhouses.

"Demand for ownership housing has remained strong in the GTA throughout 2015, with sales generally increasing at a greater annual rate compared to new listings. This means that competition between buyers has strengthened in many neighbourhoods in the City of Toronto and surrounding regions. The end result has been upward pressure on home prices well above the rate of inflation in most cases," said Jason Mercer, TREB's Director of Market Analysis.

Summary of TorontoMLS Sales and Average Price November 1 - 30, 2015
	2015			2014
	Sales	Average Price	New Listings	Sales	Average Price	New Listings
City of Toronto ("416")	2,863	654,221	4,123	2,641	616,241	3,790
Rest of GTA ("905")	4,522	619,050	5,486	3,835	550,825	4,926
GTA	7,385	632,685	9,609	6,476	577,502	8,716

TorontoMLS Sales & Average Price By Home Type November 1 - 30, 2015
		Sales						Average Price
		416		905		Total		416		905		Total
Detached		901		2,550		3,451		1,018,621		762,326		829,241
	Yr./Yr. % Change	0.7	%	18.5	%	13.3	%	8.8	%	13.5	%	10.7	%
Semi-Detached		297		467		764		750,608		504,928		600,435
	Yr./Yr. % Change	14.2	%	21.0	%	18.3	%	12.4	%	12.5	%	11.8	%
Townhouse		298		851		1,149		549,649		460,274		483,454
	Yr./Yr. % Change	11.2	%	15.8	%	14.6	%	9.1	%	12.0	%	10.9	%
Condo Apartment		1,351		573		1,924		415,316		315,223		385,506
	Yr./Yr. % Change	13.3	%	22.7	%	16.0	%	5.4	%	1.5	%	4.1	%

November 2015 Year-Over-Year Per Cent Change in the MLS® HPI
	Composite (All Types)		Single-Family Detached		Single-Family Attached		Townhouse		Apartment
TREB Total	10.29	%	11.56	%	11.18	%	10.79	%	5.56	%
Halton Region	10.46	%	10.48	%	10.41	%	11.82	%	-
Peel Region	9.70	%	9.70	%	10.35	%	11.22	%	6.66	%
City of Toronto	8.03	%	9.92	%	8.68	%	9.51	%	5.39	%
York Region	14.50	%	15.23	%	14.99	%	13.89	%	5.75	%
Durham Region	12.56	%	12.33	%	14.12	%	9.41	%	5.54	%
Orangeville	12.86	%	13.29	%	11.95	%	-		-
South Simcoe	12.58	%	11.75	%	12.94	%	-		-
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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 43,000 residential and commercial TREB Members serve consumers in the Greater Toronto Area. TREB is Canada's largest real estate board.

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