Inside GTA Home Sales Remain Strong in November TORONTO - Thursday, December 3, 2009 SINGLE FAMILY RESIDENTIAL BREAKDOWN District Map ............................................................. 2 Price Category Breakdown...................................... 2 East District ............................................................. 3 West District ............................................................ 6 Toronto District ...................................................... 10 North District.......................................................... 12 Annual Summary ................................................... 16 Single Family Comparison .................................... 16 0 100000 200000 300000 400000 500000 Average Median 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 Annual Average and Median Price November 2009 46.4 0.1 0.4 6.7 1.5 25.7 8.1 10.9 % % % % % % % % Greater Toronto REALTORS® reported 7,446 sales in November – slightly more than double the November 2008 result when GTA home sales had dipped markedly due to the economic downturn. Year-to-date sales were up 14 per cent compared to the first 11 months of 2008. “This year in the GTA home sales will be in line with the healthy levels experienced between 2004 and 2006,” said Toronto Real Estate Board President Tom Lebour. “Increased resale home transactions in the Toronto area and country-wide played a key role in pushing the Canadian economy out of recession in the third quarter.” The average price for November transactions was up 14 per cent year-over-year to $418,460. The average price year-to-date was up four per cent to $394,464. “Very strong annual growth rates for sales and average price should be expected through the first quarter of 2010, because we will be comparing the current recovery to the housing market decline experienced last winter,” according to Jason Mercer, TREB’s Senior Manager of Market Analysis. “As we move into the spring, growth rates will move to more sustainable levels.” Dwelling Type Sales % Median Detached 3,457 99 $445,000 Semi-Detached 813 101 $359,000 Condo Townhouse 604 99 $268,500 Condo Apt 1,917 99 $270,000 Link 115 99 $357,000 Att/Row/Twnhouse 500 100 $331,000 Co-op Apt 33 98 $199,000 Det Condo 7 97 $334,500 Nov. 2008 Nov. 2009 %Change Housing Market Indicators Sales 3,640 7,446 (105%) New Listings 9,925 9,923 (0%) Active Listings* 27,037 13,827 (-49%) Days on Market 41 26 (-37%) * All figures for single-family dwellings. Median Price In November, the median price was $353,800, from the $312,250 recorded during November of 2008. Q
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Greater Toronto Area Home Sales Remain Strong in November
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Inside
GTA Home Sales Remain Strong in NovemberTORONTO - Thursday, December 3, 2009
SINGLE FAMILY RESIDENTIAL BREAKDOWN
District Map .............................................................2Price Category Breakdown......................................2East District .............................................................3West District ............................................................6Toronto District ......................................................10North District ..........................................................12Annual Summary ...................................................16Single Family Comparison ....................................16
November 2009Single DetachedSemi DetachedCondo T.H.Condo Apt.LinkAttached/RowCo-op Apt.Detached Condo
46.4
0.10.46.71.5
25.7
8.1
10.9
%% % %
%
%
%
%Greater Toronto REALTORS® reported 7,446 sales in November – slightly more than double the November 2008 result when GTA home sales had dipped markedly due to the economic downturn. Year-to-date sales were up 14 per cent compared to the first 11 months of 2008.
“This year in the GTA home sales will be in line with the healthy levels experienced between 2004 and 2006,” said Toronto Real Estate Board President Tom Lebour. “Increased resale home transactions in the Toronto area and country-wide played a key role in pushing the Canadian economy out of recession in the third quarter.”
The average price for November transactions was up 14 per cent year-over-year to $418,460. The
average price year-to-date was up four per cent to $394,464.
“Very strong annual growth rates for sales and average price should be expected through the first quarter of 2010, because we will be comparing the current recovery to the housing market decline experienced last winter,” according to Jason Mercer, TREB’s Senior Manager of Market Analysis. “As we move into the spring, growth rates will move to more sustainable levels.”
TOTAL 49,403 30,894 $11,476,224,967 $371,471 $330,000 33 98
Area Listed Sales $ Volume Avg Price Med Price Avg DOM Avg %ListYear-to-Date: November 2009
0
20
40
60
80
NovOctSepAugJulJunMayAprMarFebJanDecNov
West DistrictSales Active Listing Ratio
2008 2009
0
20
40
60
80
NovOctSepAugJulJunMayAprMarFebJanDecNov
West DistrictDays on Market
2008 2009
8 11 $493,080 $534,000 137.5 103
7 3 $392,880 $438,500 42.9 100
6 4 $491,875 $474,000 66.7 99
7 2 $357,000 $357,000 28.6 99
2 - - - - -
4 - - - - -
- 5 $325,300 $323,900 - 102
- 4 $327,875 $333,250 - 101
6 - - - - -
6 - - - - -
20 14 $269,143 $237,250 70.0 100
5 - - - - -
16 8 $273,738 $282,000 50.0 98
17 17 $285,555 $276,000 100.0 99
12 22 $247,205 $240,650 183.3 99
7 5 $169,700 $185,000 71.4 97
16 12 $199,583 $197,250 75.0 97
- - - - - -
2 4 $251,900 $242,500 200.0 100
- - - - - -
- - - - - -
Condo Apartment
Detached Houses
8
West District
TORONTO REAL ESTATE BOARD
SINGLE FAMILY WEST BREAKDOWN - NOVEMBER 2009
LinkArea Act Sales Av. Price Med. Price % S-A Av. % List
W01
W02
W03
W04
W05
W06
W07
W08
W09
W10
W12
W13
W14
W15
W16
W17
W18
W19
W20
W21
W22
W23
W24
W25
W26
W27
W28
W29
Area Act Sales Av. Price Med. Price % S-A Av. % ListW01 23 22 $353,005 $309,750 95.7 100
W02 15 10 $444,825 $401,500 66.7 100
W03 24 10 $191,300 $182,000 41.7 98
W04 62 15 $160,767 $172,000 24.2 96
W05 134 25 $141,632 $153,000 18.7 95
W06 136 58 $370,031 $310,500 42.7 99
W07 33 29 $324,148 $285,000 87.9 99
W08 78 36 $287,394 $230,250 46.2 98
W09 80 15 $209,033 $190,000 18.8 96
W10 157 39 $161,142 $150,500 24.8 97
W12 36 20 $271,788 $242,500 55.6 98
W13 12 4 $170,625 $151,250 33.3 96
W14 33 25 $212,688 $205,000 75.8 97
W15 225 171 $222,375 $216,900 76.0 97
W16 18 4 $190,625 $190,750 22.2 95
W17 - - - - - -
W18 17 3 $137,000 $140,000 17.7 97
W19 76 41 $232,130 $192,500 54.0 97
W20 38 20 $197,815 $186,000 52.6 98
W21 58 16 $470,218 $250,000 27.6 98
W22 1 2 $251,750 $251,750 200.0 99
W23 24 10 $200,290 $206,200 41.7 98
W24 59 29 $177,584 $175,000 49.2 97
W25 15 5 $224,600 $198,900 33.3 100
W26 - - - - - -
W27 10 2 $176,500 $176,500 20.0 97
W28 3 - - - - -
W29 16 4 $269,850 $264,200 25.0 100
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- 2 $370,050 $370,050 - 99
1 3 $396,667 $388,000 300.0 98
- - - - - -
- - - - - -
2 - - - - -
2 2 $395,000 $395,000 100.0 99
- 2 $322,500 $322,500 - 98
1 2 $334,500 $334,500 200.0 101
1 1 $435,000 $435,000 100.0 96
1 - - - - -
- - - - - -
- - - - - -
1 2 $254,000 $254,000 200.0 97
- 1 $350,000 $350,000 - 96
- - - - - -
Semi-Detached HousesArea Act Sales Av. Price Med. Price % S-A Av. % List
W01
W02
W03
W04
W05
W06
W07
W08
W09
W10
W12
W13
W14
W15
W16
W17
W18
W19
W20
W21
W22
W23
W24
W25
W26
W27
W28
W29
Area Act Sales Av. Price Med. Price % S-A Av. % ListW01 27 21 $712,205 $590,000 77.8 102
W02 39 34 $638,129 $562,500 87.2 104
W03 86 52 $331,802 $328,500 60.5 98
W04 85 35 $424,303 $390,000 41.2 98
W05 61 25 $429,152 $417,000 41.0 98
W06 47 38 $448,753 $389,500 80.9 100
W07 34 31 $645,290 $523,500 91.2 103
W08 104 56 $779,700 $665,000 53.9 100
W09 34 22 $500,773 $490,000 64.7 102
W10 68 45 $355,943 $335,000 66.2 98
W12 131 62 $672,187 $539,500 47.3 98
W13 114 51 $725,049 $635,000 44.7 97
W14 16 18 $523,490 $505,000 112.5 99
W15 16 11 $504,223 $487,000 68.8 99
W16 52 33 $483,152 $434,000 63.5 99
W17 - - - - - -
W18 33 18 $300,861 $322,500 54.6 98
W19 85 71 $515,062 $499,900 83.5 99
W20 75 96 $503,680 $489,900 128.0 99
W21 220 89 $814,125 $555,000 40.5 98
W22 69 61 $439,723 $430,000 88.4 99
W23 416 211 $374,941 $363,100 50.7 98
W24 276 135 $466,074 $435,000 48.9 105
W25 52 19 $557,100 $537,000 36.5 98
W26 27 3 $1,110,000 $1,230,000 11.1 96
W27 111 58 $473,782 $438,250 52.3 98
W28 184 54 $496,448 $462,000 29.4 97
W29 70 27 $310,144 $306,000 38.6 98
12 14 $517,881 $514,075 116.7 106
25 31 $479,301 $456,000 124.0 105
30 22 $376,887 $385,237 73.3 101
14 3 $294,000 $320,000 21.4 98
53 31 $343,674 $325,000 58.5 98
4 4 $449,750 $436,000 100.0 109
2 - - - - -
1 5 $425,000 $425,000 500.0 101
2 1 $370,000 $370,000 50.0 100
8 4 $308,868 $303,000 50.0 102
5 6 $444,167 $404,500 120.0 99
9 7 $312,357 $315,000 77.8 98
3 4 $390,950 $399,400 133.3 98
6 11 $350,491 $347,500 183.3 101
8 16 $348,863 $347,000 200.0 98
- - - - - -
35 12 $278,125 $288,500 34.3 98
15 35 $390,179 $385,000 233.3 101
34 45 $369,425 $363,000 132.4 100
3 5 $400,200 $415,000 166.7 99
8 12 $349,075 $351,000 150.0 101
116 83 $291,784 $295,000 71.6 99
52 52 $311,478 $318,500 100.0 98
3 4 $312,500 $306,000 133.3 99
- - - - - -
6 3 $309,000 $303,000 50.0 100
1 6 $346,408 $327,500 600.0 100
8 5 $215,000 $223,500 62.5 97
Co-op Apartment
Condo Townhouse
9
West District
TORONTO REAL ESTATE BOARD
SINGLE FAMILY WEST BREAKDOWN - NOVEMBER 2009
Attached/Row/TownhouseArea Act Sales Av. Price Med. Price % S-A Av. % List Area Act Sales Av. Price Med. Price % S-A Av. % ListW01 2 1 $196,000 $196,000 50.0 96
W02 - - - - - -
W03 - - - - - -
W04 1 - - - - -
W05 9 - - - - -
W06 1 3 $169,167 $124,500 300.0 97
W07 1 - - - - -
W08 2 1 $131,000 $131,000 50.0 94
W09 2 - - - - -
W10 2 - - - - -
W12 - - - - - -
W13 - - - - - -
W14 - 1 $122,500 $122,500 - 97
W15 - - - - - -
W16 - - - - - -
W17 - - - - - -
W18 - - - - - -
W19 2 1 $317,000 $317,000 50.0 96
W20 - - - - - -
W21 - - - - - -
W22 - - - - - -
W23 - - - - - -
W24 - - - - - -
W25 2 - - - - -
W26 - - - - - -
W27 - - - - - -
W28 - - - - - -
W29 - - - - - -
Detached CondoArea Act Sales Av. Price Med. Price % S-A Av. % List Area Act Sales Av. Price Med. Price % S-A Av. % ListW01 2 2 $351,000 $351,000 100.0 111
TOTAL 27,810 17,389 $7,439,678,276 $427,838 $385,000 37 98
Area Listed Sales $ Volume Avg Price Med Price Avg DOM Avg %ListYear-to-Date: November 2009
0
20
40
60
80
NovOctSepAugJulJunMayAprMarFebJanDecNov
North DistrictSales Active Listing Ratio
2008 2009
0
20
40
60
80
NovOctSepAugJulJunMayAprMarFebJanDecNov
North DistrictDays on Market
2008 2009
Condo Apartment
Detached Houses
14
North District
TORONTO REAL ESTATE BOARD
SINGLE FAMILY NORTH BREAKDOWN - NOVEMBER 2009
Semi-Detached HousesArea Act Sales Av. Price Med. Price % S-A Av. % ListN01 53 24 $708,054 $631,900 45.3 102
N02 75 34 $619,612 $527,250 45.3 98
N03 117 64 $736,246 $654,500 54.7 98
N04 83 56 $569,452 $560,000 67.5 100
N05 132 53 $626,227 $565,000 40.2 99
N06 95 41 $559,606 $495,000 43.2 98
N07 91 55 $429,731 $394,000 60.4 98
N08 256 128 $604,781 $529,500 50.0 98
N10 66 44 $515,809 $509,000 66.7 100
N11 151 109 $579,390 $530,000 72.2 100
N12 82 25 $535,210 $460,000 30.5 97
N13 92 12 $755,750 $720,000 13.0 94
N14 114 13 $713,808 $565,000 11.4 93
N15 75 22 $404,995 $363,500 29.3 97
N16 115 23 $433,726 $380,000 20.0 97
N17 234 81 $286,493 $250,000 34.6 96
N18 91 27 $356,818 $355,000 29.7 97
N19 101 29 $271,216 $260,000 28.7 97
N20 30 2 $488,500 $488,500 6.7 99
N21 46 6 $357,083 $384,000 13.0 97
N22 61 9 $280,322 $260,000 14.8 96
N23 171 30 $284,138 $267,750 17.5 96
N24 103 10 $247,300 $212,750 9.7 95
Area Act Sales Av. Price Med. Price % S-A Av. % ListN01
N02
N03
N04
N05
N06
N07
N08
N10
N11
N12
N13
N14
N15
N16
N17
N18
N19
N20
N21
N22
N23
N24
LinkArea Act Sales Av. Price Med. Price % S-A Av. % ListN01 12 14 $353,563 $255,000 116.7 99
N02 40 35 $290,483 $298,000 87.5 98
N03 88 63 $269,014 $270,000 71.6 98
N04 26 5 $223,100 $226,500 19.2 98
N05 - - - - - -
N06 15 1 $360,000 $360,000 6.7 99
N07 15 7 $251,771 $274,900 46.7 98
N08 50 15 $312,301 $320,000 30.0 97
N10 28 8 $280,625 $265,500 28.6 97
N11 80 30 $277,787 $253,900 37.5 98
N12 4 - - - - -
N13 - - - - - -
N14 1 2 $247,450 $247,450 200.0 97
N15 - - - - - -
N16 11 1 $210,000 $210,000 9.1 98
N17 3 2 $122,800 $122,800 66.7 95
N18 6 3 $174,250 $183,750 50.0 97
N19 11 1 $187,000 $187,000 9.1 97
N20 - - - - - -
N21 - - - - - -
N22 - - - - - -
N23 - - - - - -
N24 - - - - - -
Area Act Sales Av. Price Med. Price % S-A Av. % List 2 2 $411,500 $411,500 100.0 97
4 5 $370,600 $375,000 125.0 100
1 4 $489,250 $462,000 400.0 96
- - - - - -
3 2 $415,000 $415,000 66.7 101
1 1 $289,900 $289,900 100.0 100
1 2 $289,000 $289,000 200.0 100
- 1 $413,000 $413,000 - 103
16 21 $397,948 $415,000 131.3 100
11 18 $417,606 $394,500 163.6 100
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- 1 $270,000 $270,000 - 98
1 - - - - -
5 4 $286,250 $287,250 80.0 98
4 - - - - -
- - - - - -
- - - - - -
1 - - - - -
2 - - - - -
- - - - - -
2 1 $370,000 $370,000 50.0 98
1 - - - - -
1 6 $479,000 $459,500 600.0 100
13 9 $394,611 $420,000 69.2 99
6 5 $399,920 $407,000 83.3 103
5 2 $360,750 $360,750 40.0 98
9 10 $284,540 $277,500 111.1 99
28 28 $392,820 $398,950 100.0 99
2 11 $378,929 $375,500 550.0 100
11 17 $407,122 $402,000 154.6 102
3 2 $356,450 $356,450 66.7 99
- - - - - -
- - - - - -
- - - - - -
- - - - - -
1 3 $237,567 $236,000 300.0 99
5 1 $192,500 $192,500 20.0 94
4 1 $205,000 $205,000 25.0 98
- - - - - -
- - - - - -
1 - - - - -
1 - - - - -
1 - - - - -
N01
N02
N03
N04
N05
N06
N07
N08
N10
N11
N12
N13
N14
N15
N16
N17
N18
N19
N20
N21
N22
N23
N24
Condo Townhouse
Co-op Apartment
15
North District
TORONTO REAL ESTATE BOARD
SINGLE FAMILY NORTH BREAKDOWN - NOVEMBER 2009
Detached CondoArea Act Sales Av. Price Med. Price % S-A Av. % ListN01 15 10 $295,580 $289,400 66.7 98
N02 5 7 $364,757 $332,300 140.0 99
N03 5 16 $317,500 $339,500 320.0 101
N04 4 1 $415,000 $415,000 25.0 98
N05 1 - - - - -
N06 12 4 $388,000 $295,250 33.3 97
N07 7 4 $249,648 $248,795 57.1 100
N08 6 6 $326,167 $326,250 100.0 99
N10 2 - - - - -
N11 18 8 $335,063 $342,250 44.4 98
N12 1 2 $209,750 $209,750 200.0 98
N13 - - - - - -
N14 3 - - - - -
N15 - - - - - -
N16 7 1 $293,000 $293,000 14.3 98
N17 - - - - - -
N18 1 - - - - -
N19 4 - - - - -
N20 - - - - - -
N21 - - - - - -
N22 - - - - - -
N23 - - - - - -
N24 9 1 $285,000 $285,000 11.1 98
Area Act Sales Av. Price Med. Price % S-A Av. % List - - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
1 - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
1 - - - - -
- - - - - -
19 2 $252,250 $252,250 10.5 96
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
Attached/Row/TownhouseArea Act Sales Av. Price Med. Price % S-A Av. % ListN01 - - - - - -
N02 - - - - - -
N03 - - - - - -
N04 - - - - - -
N05 - - - - - -
N06 - - - - - -
N07 - - - - - -
N08 - 1 $245,000 $245,000 - 98
N10 - - - - - -
N11 - - - - - -
N12 - - - - - -
N13 - - - - - -
N14 - - - - - -
N15 - - - - - -
N16 - - - - - -
N17 - - - - - -
N18 - - - - - -
N19 - - - - - -
N20 - - - - - -
N21 - - - - - -
N22 - - - - - -
N23 - - - - - -
N24 - - - - - -
Area Act Sales Av. Price Med. Price % S-A Av. % List2 - - - - -
1 3 $478,333 $491,000 300.0 101
16 17 $424,547 $437,000 106.3 101
11 11 $417,082 $438,800 100.0 101
14 13 $372,069 $373,900 92.9 99
4 5 $323,180 $310,900 125.0 98
5 22 $311,532 $309,500 440.0 100
27 33 $372,162 $378,500 122.2 99
3 5 $355,760 $355,800 166.7 102
14 26 $372,667 $367,500 185.7 102
6 2 $316,950 $316,950 33.3 100
- - - - - -
- 1 $285,000 $285,000 - 98
2 1 $229,500 $229,500 50.0 98
1 1 $285,000 $285,000 100.0 98
3 4 $217,975 $216,200 133.3 97
1 - - - - -
9 6 $223,067 $223,750 66.7 98
- - - - - -
- - - - - -
5 1 $204,000 $204,000 20.0 100
4 - - - - -
- - - - - -
N01
N02
N03
N04
N05
N06
N07
N08
N10
N11
N12
N13
N14
N15
N16
N17
N18
N19
N20
N21
N22
N23
N24
N01
N02
N03
N04
N05
N06
N07
N08
N10
N11
N12
N13
N14
N15
N16
N17
N18
N19
N20
N21
N22
N23
N24
Single Family Dwelling Sales Comparison
16 TORONTO REAL ESTATE BOARD
Annual Summary - Single Family Year *Number of Sales *Average Price
200000
275000
350000
425000
500000
20092008200720062005200420032002200120001999
Average Price
0
5000
10000
15000
20000
25000
30000
35000
NovOctSepAugJulJunMayAprMarFebJanDecNov
Active Listing
2008 2009
0
1500
3000
4500
6000
7500
9000
10500
12000
13500
15000
NovOctSepAugJulJunMayAprMarFebJanDecNov
Sales
2008 2009
* Due to District revisions, caution should be exercised when undertaking historical comparisons. Please refer to appropriate maps.
**This figure may not equal the sum of all monthly totals, as the year-to-date total reflects sales reported in error and deals that have fallen through since January 1st.
1975 22,020 $57,581
1976 19,025 $61,389
1977 20,512 $64,559
1978 21,184 $67,333
1979 23,466 $70,830
1980 26,017 $75,694
1981 29,625 $90,203
1982 25,336 $95,496
1983 30,046 $101,626
1984 31,905 $102,318
1985 45,509 $109,094
1986 52,919 $138,925
1987 43,475 $189,105
1988 49,381 $229,635
1989 38,960 $273,698
1990 26,779 $255,020
1991 38,144 $234,313
1992 41,703 $214,971
1993 38,990 $206,490
1994 44,237 $208,921
1995 39,273 $203,028
1996 55,779 $198,150
1997 58,014 $211,307
1998 55,344 $216,815
1999 58,957 $228,372
2000 58,343 $243,255
2001 67,612 $251,508
2002 74,759 $275,231
2003 78,898 $293,067
2004 83,501 $315,231
2005 84,145 $335,907
2006 83,084 $351,941
2007 93,193 $376,236
2008January 5,075 $374,449
February 6,015 $382,048
March 6,631 $380,338
April 8,762 $398,687
May 9,411 $398,148
June 8,600 $395,866
July 7,806 $371,427
August 6,318 $364,886
September 6,424 $368,549
October 5,155 $352,974
November 3,640 $368,582
December 2,577 $361,415
Total** 74,552 $379,347
2009January 2,670 $343,632
February 4,120 $361,305
March 6,171 $362,050
April 8,107 $385,641
May 9,589 $395,609
June 10,955 $403,972
July 9,967 $395,414
August 8,035 $387,921
September 8,196 $406,877
October 8,476 $423,559
November 7,446 $418,460
Year-to-Date** 81,929 $394,464
District Totals New Active Listed Sales $ Volume Avg Price Med Price Avg DOM Avg MonthGrand Total 9,923 13,827 N/A 7,446 3,115,856,777 418,460 353,800 26 99
Year N/A N/A 129,526 81,929 32,318,031,395 394,464 337,500 33 98