SINGLE FAMILY RESIDENTIAL BREAKDOWN
February 2010
1.8 % 7.3% % 0.2 0.1 %
24.6 %
February Sales and Average Price Increase Annually
7.3 %
TORONTO - Wednesday, March 3, 2010 Greater Toronto REALTORS® reported 7,291 sales through the Multiple Listing Service® (MLS®) in February, representing a 77 per cent increase over February 2009. The average price for these transactions was up 19 per cent year-over-year to $431,509. Sales and average price increases represent both increased demand for ownership housing and the base year effect, which involves a comparison of economic recovery this year to a period of economic decline last year.
New listings also increased in February, climbing 24 per cent compared to the same month last year. 2.3 %
7.0 % % is “Annual 21.5 growth in new listings % 0.3 0.1 % expected to continue. New listings growth will start to outstrip sales growth as we move through 2010,” 8.5 % Jason Mercer, TREB’s Senior said Manager of Market Analysis. “As the market becomes better supplied, 12.0 % 48.3 % we will see more sustainable singledigit rates of price growth.”
Median Price In February, the median price was
$366,300,
from
February of 2009.
Median
200000 100000 2001
2002 2003
2004
%
Detached Single Detached 3,442
99
$453,000
843 101
$367,000
533
99
$266,000
1,790
99
$285,000
Semi-Detached Semi Detached
Condo Condo T.H. Townhouse Condo Apt. Apt Condo
Median
Link Link
128 100
$350,345
Attached/Row Att/Row/Twnhouse
533 101
$343,663
Co-op Co-op Apt. Apt Detached Det CondoCondo
15
96
$232,000
7
99
$406,573
the
Feb. 2009 Sales New Listings Active Listings* Days on Market
Feb. 2010
4,120 10,239 21,440 45
7,291 12,726 14,514 22
%Change (77%) (24%) (-32%) (-51%)
* All figures for single-family dwellings.
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
300000
2000
Sales
Inside
n
400000
0
Dwelling Type
$312,900 recorded during
Annual Average and Median Price
Average
47.2 %
Housing Market Indicators
“Increases in existing home sales and average price were noted across the GTA in low-rise and high-rise home types. Similar rates of growth were experienced in the City of Toronto and surrounding 905 regions,” said TREB President Tom Lebour. “This suggests that first time, move-up and down sizing buyers are all active in the existing home marketplace.”
500000
11.6 %
2005
2006
2007
2008
2009
2010