SINGLE FAMILY RESIDENTIAL BREAKDOWN
November 2009
1.5 % 6.7% % 0.4 0.1 %
25.7 %
GTA Home Sales Remain Strong in November
8.1 %
TORONTO - Thursday, December 3, 2009 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.
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 2.3 % 7.0 % % 0.3 % of 21.5 expected through the first quarter 0.1 % 2010, because we will be comparing the current recovery to the housing market decline experienced last 8.5 % winter,” according to Jason Mercer, TREB’s Senior Manager of Market 12.0 % Analysis. “As we move into the 48.3 % spring, growth rates will move to more sustainable levels.”
“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.”
Median Price In November, the median price was $353,800, from the November of 2008.
n
Median
400000 300000 200000 100000 0
1999
2000
2001
2002 2003
Dwelling Type
Sales
Detached Single Detached 3,457 Semi-Detached Semi Detached
Condo Condo T.H. Townhouse Condo Apt. Apt Condo
%
Median
99
$445,000
813 101
$359,000
99
$268,500
1,917 99
604
$270,000
Link Link
115
Attached/Row Att/Row/Twnhouse
500 100
Co-op Co-op Apt. Apt Detached Det CondoCondo
99
$357,000 $331,000
33
98
$199,000
7
97
$334,500
Housing Market Indicators Nov. 2008 Sales New Listings Active Listings* Days on Market
Nov. 2009
3,640 9,925 27,037 41
7,446 9,923 13,827 26
%Change (105%) (0%) (-49%) (-37%)
* All figures for single-family dwellings.
2004
2005
2006
Inside 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
Annual Average and Median Price
Average
46.4 %
$312,250 recorded during
The average price for November transactions was up 14 per cent year-over-year to $418,460. The
500000
10.9 %
2007
2008
2009