SINGLE FAMILY RESIDENTIAL BREAKDOWN
December 2009
1.8 % 6.5% % 0.3 0.1 %
28.0 %
GTA Resale Market Resilient in 2009 8.2 %
TORONTO - Wednesday, January 6, 2010 Greater Toronto REALTORS® reported 87,308 MLS® transactions in 2009 – a 17 per cent increase over 2008. This result included 5,541 sales in December. The 2009 result was in line with the healthy levels of sales experienced between 2004 and 2006, but lower than the record of 93,193 set in 2007.
The average price for December transactions was $411,931. “Market conditions became very tight in the latter half of 2009. Sales climbed strongly2.3 relative to % 7.0 % % % 0.3 21.5 the number of homes listed for sale, 0.1 % resulting in robust price growth that more than offset average price declines in the winter,” said Jason 8.5 % Mercer, TREB’s Senior Manager of Market Analysis. “A greater supply 12.0 % in 2010 will see home of listings 48.3 % prices grow at a sustainable pace.”
“After a slow start to the year, existing home sales rebounded during the second half of 2009,” said TREB President Tom Lebour. “As consumer confidence improved, many households moved to take advantage of affordable home ownership opportunities in the GTA. The strong residential real estate sector was a key contributor to overall economic recovery in Canada.”
Median Price In December, the median price was $349,000, from the December of 2008.
n
Median
300000 200000 100000 1999
2000
2001
2002 2003
Sales
Detached Single Detached 2,448 Semi-Detached Semi Detached
Condo Condo T.H. Townhouse Condo Apt. Apt Condo
%
Median
98
$439,000
598 100
$355,000
99
$260,500
1,553 99
456
$274,500
Link Link
101 100
$340,000
Attached/Row Att/Row/Twnhouse
362
$330,000
Co-op Co-op Apt. Apt Detached Det CondoCondo
99
16
96
$186,000
7
97
$230,000
Dec. 2008 Sales New Listings Active Listings* Days on Market
Dec. 2009
2,577 5,215 19,468 45
5,541 5,506 10,292 27
%Change (115%) (6%) (-47%) (-40%)
* 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
400000
0
Dwelling Type
$305,000 recorded during
Annual Average and Median Price
Average
44.2 %
Housing Market Indicators
The average home price in 2009 climbed four per cent to $395,460.
500000
10.8 %
2007
2008
2009