Toronto Market Report Infographics

Monday, October 7, 2019 4:19:11 AM UTC
INFOGRAPHICS: September 2019 TREB Toronto Market Reports
INFOGRAPHICS: September 2019 TREB Toronto Market Reports

The season is starting to cool down, and with that, here are the latest real estate market updates for areas covered by the Toronto Real Estate Board (TREB)!

In their latest market report, TREB has announced that Greater Toronto Area REALTORS® reported 7,825 sales through TREB’s MLS® System in September 2019. This result represented strong year-over-year sales growth of 22% compared to 6,414 sales reported in September 2018. It is important to note, however, that sales remain well-below the record September 2016 peak of more than 9,800 sales.

On a preliminary seasonally adjusted basis, the September 2019 sales level remained in virtually the same as the August 2019 result.

According to Toronto Real Estate Board President Michael Collins,

“Demand for ownership housing increased throughout...

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INFOGRAPHICS: August 2019 TREB Toronto Market Reports
INFOGRAPHICS: August 2019 TREB Toronto Market Reports

The summer months just zoomed by, and here we are at the beginning of a new season! With that, here are the latest real estate market updates for areas covered by the Toronto Real Estate Board (TREB)!

According to their most recent media release, TREB has reported 7,711 residential sales in August 2019. This result represented a 13.4% increase compared to 6,797 sales reported in August 2018. On a month-over-month basis, after preliminary seasonal adjustment, sales were up by 0.8%.

Market conditions also became tighter in August 2019 compared to a year ago because, while sales were up year-over-year, new listings were down by 3% over the same time period to 11,789. Year-to-date, growth in sales has well outstripped growth in new listings. This is why overall active listings counted at the end...

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INFOGRAPHICS: July 2019 TREB Toronto Market Reports
INFOGRAPHICS: July 2019 TREB Toronto Market Reports

We’re now squarely into the third quarter of the year, and here are the latest real estate market updates for areas covered by the Toronto Real Estate Board (TREB)!

In their most recent market report, Board President Michael Collins announced that Greater Toronto Area REALTORS® reported 8,595 sales through TREB’s MLS® System in July 2019. This result was up by 24.3% compared to July 2018. On a month-over-month basis, sales were up by 5.1%, after preliminary seasonal adjustment.

New listings entered into TREB’s MLS® System in July 2019 were up compared to July 2018, but by a much lesser annual rate than sales, at 3.7%. With annual growth in sales far outstripping annual growth in new listings, market conditions clearly tightened compared to last year. Active listings at the...

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INFOGRAPHICS: June 2019 TREB Toronto Market Reports
INFOGRAPHICS: June 2019 TREB Toronto Market Reports

Summer is starting out strong for the Toronto area! Here’s the latest real estate market updates for areas covered by the Toronto Real Estate Board (TREB)!

In their most recent market report, Greater Toronto Area REALTORS® reported 8,860 sales through TREB’s MLS® System in June 2019, representing a 10.4% increase compared to June 2018. Over the same time period, total new listings remained at a similar level for the month of June and active listings at month-end were down by 5.7%.

Sales and new listings statistics for the first half of 2019 compared to the same period in 2018 painted a similar story to that of June. Sales were up by 8.5%, while new listings were up by less than 1%. This shows that sales accounted for a greater share of listings compared to last year, which means...

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INFOGRAPHICS: May 2019 TREB Toronto Market Reports
INFOGRAPHICS: May 2019 TREB Toronto Market Reports

Here’s some good news for June, as we have the latest real estate market updates for areas covered by the Toronto Real Estate Board (TREB)!

As noted in their latest market update, TREB REALTORS® reported 9,989 transactions through TREB’s MLS® System in May 2019. While this result represented a substantial increase of 18.9% over the 15-year low in May 2018, it should be noted that the result was still below the average for month of May sales for the previous ten years, which stands at almost 10,300.

The year-over-year uptick in sales experienced so far in the second quarter of 2019 reflects spring polling results from Ipsos (undertaken on behalf of TREB) suggesting that the share of likely home buyers in the Greater Toronto Area has edged upwards since the fall.

Board President Garry...

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INFOGRAPHICS: April 2019 TREB Toronto Market Reports
INFOGRAPHICS: April 2019 TREB Toronto Market Reports

April has been a good month for sales! Here are the latest real estate market updates for areas covered by the Toronto Real Estate Board (TREB)!

As noted in TREB’s most recent market update, a substantial year-over-year increase in home sales in April 2019 has been announced by board President Garry Bhaura. The number of residential transactions jumped by 16.8% to 9,042 compared to 7,744 in April 2018.

New listings were also up year-over-year by eight per cent. However, the annual growth rate for new listings was much lower than that reported for sales. This suggests that market conditions continued to tighten which points toward an acceleration in price growth.

Toronto Real Estate BoardGarry Bhaura remarks,

 

“The strong year-over-year growth in sales is obviously a good news story and likely represents...

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INFOGRAPHICS: March 2019 TREB Toronto Market Reports
INFOGRAPHICS: March 2019 TREB Toronto Market Reports

And just like that, it’s already April! Here are the latest real estate market updates for areas covered by the Toronto Real Estate Board (TREB)!

In their latest press release, TREB reports that 7,187 residential sales were processed through TREB’s MLS System in March 2019. This result was inline with 7,188 sales reported in March 2018. For the first quarter of 2019, sales were down by 1% compared to Q1 2018.

As noted by TREB President Garry Bhaura,

 

“The OSFI stress test continues to impact home buyers’ ability to qualify for a mortgage. TREB is still arguing that the stress test provisions and mortgage lending guidelines generally, including allowable amortization periods for insured mortgages, should be reviewed.

The supply of listings in the GTA also remains...

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INFOGRAPHICS: February 2019 TREB Toronto Market Reports
INFOGRAPHICS: February 2019 TREB Toronto Market Reports

Spring is in the air, and here are the latest real estate market updates for areas covered by the Toronto Real Estate Board (TREB)!

In their most recent market report, TREB President Garry Bhaura announced that Greater Toronto Area REALTORS® reported 5,025 homes sold through TREB’s MLS® System in February 2019. This sales total was down by 2.4% on a year-over-year basis. Sales were also down compared to January 2019 following preliminary seasonal adjustment.

Despite sales being down year-over-year, new listings actually declined by a greater annual rate. This suggests that market conditions became tighter compared to last year. Tighter market conditions continued to support year-over-year average price growth.

According to Mr. Bhaura,

“The OSFI mandated mortgage stress test has left...

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INFOGRAPHICS: January 2019 TREB Toronto Market Reports
INFOGRAPHICS: January 2019 TREB Toronto Market Reports

January went by in a flash! Here are the latest real estate market updates for areas covered by the Toronto Real Estate Board (TREB)!

In their latest market report, it was stated that GTA Realtors have reported that home sales are up by 0.6% in January 2019 compared to January 2018.

TREB President Garry Bhaura remarked,

“It is encouraging to see the slight increase in January transactions on a year-over-year basis, even with the inclement weather experienced in the GTA region during the last week of the month. The fact that the number of transactions edged upwards is in line with TREB’s forecast for higher sales in calendar year 2019.”

Meanwhile, TREB’s Director of Market Analysis and Service Channels, Jason Mercer also adds,

“Market conditions in January, as r...

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INFOGRAPHICS: December 2018 TREB Toronto Market Reports
INFOGRAPHICS: December 2018 TREB Toronto Market Reports

It’s a new month in a new year, so here are the latest real estate market updates for areas covered by the Toronto Real Estate Board (TREB)!

In its most recent monthly report, Greater Toronto Area REALTORS reported a total of 77,426 residential transactions through TREB’s MLS System in 2018. This total is a 16.1% decline compared to 92,263 sales in 2017.

In 2018, average selling price was also down by 4.3% year-over-year for all home types across the TREB market area.

Home prices went up very slightly in the City of Toronto, however. This is due to the fact that the condominium apartment segment has been performing better from a pricing perspective compared to detached properties, and it comprises a large portion of sales in the City of Toronto.

As for factors that may be affecting...

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