GTA REALTORS(R) Release Monthly Resale Housing Figures

TORONTO, ONTARIO--(Marketwired - Feb. 3, 2016) - Toronto Real Estate Board President Mark McLean announced Greater Toronto Area REALTORS® reported 4,672 residential transactions through TREB's MLS® System in January 2016. This result represented an 8.2 per cent increase compared to January 2015.

"It is clear that the handoff from 2015 to 2016 was a strong one. This is not surprising given that recent polling conducted for TREB by Ipsos suggested 12 per cent of GTA households were seriously considering the purchase of a home in 2016. Buying intentions are strong for this year as households continue to see home ownership as an affordable long-term investment," said McLean.

The MLS® Home Price Index Composite Benchmark Price for January 2015 was up by 11.2 per cent on a year-over-year basis. The average selling price over the same period was up by 14.1 per cent.

The difference in the annual growth rates for the MLS® HPI and average price was largely due to a greater share of high-end detached homes sold in the regions surrounding the City of Toronto this year compared to last. The MLS® HPI removes the impact of shifts in the share of different property types sold from one year to the next.

"Market conditions in January were tighter compared to a year earlier, with an annual increase in sales up against a decline in listings. This is why growth in the MLS® HPI benchmarks continued to be strong, especially for singles, semis and townhouses, where there has been a persistent lack of inventory," said Jason Mercer, TREB's Director of Market Analysis.

Summary of TorontoMLS Sales and Average Price - January 1 - 31, 2016
	2016			2015
	Sales	Average Price	New Listings	Sales	Average Price	New Listings
City of Toronto ("416")	1,699	636,728	3,757	1,544	583,084	3,901
Rest of GTA ("905")	2,973	627,871	5,200	2,774	536,139	5,646
GTA	4,672	631,092	8,957	4,318	552,925	9,547

TorontoMLS Sales & Average Price By Home Type - January 1 -31, 2016
		Sales						Average Price
		416		905		Total		416		905		Total
Detached		496		1,613		2,109		1,061,789		783,565		848,999
	Yr./Yr. % Change	11.2	%	5.4	%	6.7	%	11.6	%	20.9	%	18.5	%
Semi-Detached		122		330		452		713,972		515,024		568,723
	Yr./Yr. % Change	-3.2	%	14.6	%	9.2	%	7.3	%	12.8	%	9.3	%
Townhouse		172		559		731		519,732		472,039		483,261
	Yr./Yr. % Change	14.7	%	8.3	%	9.8	%	1.3	%	12.0	%	9.3	%
Condo Apartment		897		405		1,302		416,104		319,855		386,165
	Yr./Yr. % Change	11.6	%	3.6	%	9.0	%	8.6	%	3.1	%	7.5	%

Source: Toronto Real Estate Board

January 2016 Year-Over-Year Per Cent Change in the MLS® HPI
	Composite (All Types)		Single- Family Detached		Single- Family Attached		Townhouse		Apartment
TREB Total	11.21	%	12.91	%	11.99	%	10.33	%	5.87	%
Halton Region	14.59	%	14.81	%	14.09	%	10.05	%	-
Peel Region	11.19	%	11.33	%	12.51	%	9.57	%	10.96	%
City of Toronto	8.35	%	11.29	%	8.83	%	10.52	%	4.88	%
York Region	14.52	%	15.27	%	14.20	%	13.01	%	7.48	%
Durham Region	13.96	%	13.25	%	14.97	%	9.65	%	5.48	%
Orangeville	16.10	%	16.61	%	14.30	%	-		-
South Simcoe County(1)	17.65	%	16.18	%	17.15	%	-		-

Source: Toronto Real Estate Board

⁽¹⁾ South 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 43,000 residential and commercial TREB Members serve consumers in the Greater Toronto Area. TREB is Canada's largest real estate board. www.TREBhome.com