SINGLE FAMILY RESIDENTIAL BREAKDOWN
March 2011
1.7 % 7.6% % 0.3 0.0 %
24.5 %
Second Best March on Record
8.0 %
TORONTO - April 5, 2011
%
%
%
Median Price In March, the median price was $385,000, from the $370,000 recorded during March of 2010.
Median
400000 300000 200000 100000 2001
2002
2003 2004
2005
2006
2007
2008
46.4 %
Dwelling Type
Sales
Detached Single Detached 4,294
%
Semi-Detached Semi Detached
Condo Condo T.H. Townhouse Condo Apt. Apt Condo
745 99 $292,000 98 $295,000
161 100 $415,000
Attached/Row Att/Row/Twnhouse 702 %
99 $487,000
1,057 100 $385,000
2,271
Link Link
% Median
Co-op Co-op Apt. Apt Detached Det Condo Condo
99 $362,450
30
98 $196,500
2
98 $349,445
Housing Market Indicators AuguNovMar. 2010 Mar. 2011 %Change Sales New Listings Active Listings* Days on Market
10,430 18,914 18,684 20
9,262 (-11%) 15,315 (-19%) 16,616 (-11%) 23 (15%)
* All figures for single-family dwellings.
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
0
%
%
The average selling price for March 2011 was up five per cent year-over-year to $456,147.
Average
%
“Market conditions were tighter 8.5 in March compared to last year. With more competition between 12.0 48.3 buyers, we have seen a strong but sustainable rate of price growth,” said Jason Mercer, TREB’s Senior Manager of Market Analysis.
“The strong home sales reported in March and throughout the first quarter of 2011 have been based on a solid affordability picture and improving economic conditions in the GTA and country-wide,” said Toronto Real Estate Board (TREB) President Bill Johnston.
500000
11.4 %
The strongest average annual price growth was reported for condominium apartments and semi-detached 2.3 houses, at 7.0 0.3 21.5 0.1 approximately seven per cent for both home types.
Greater Toronto REALTORS® reported 9,262 transactions through the TorontoMLS® system in March 2011, representing the second best March result on record. The number of transactions was 11 per cent lower than the record result reported in March 2010.
2009
2010
2011