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Best November Ever, Best Year Ever!
December 5, 2007 -- A record-breaking November saw 7,313 sales, driving year-to-date totals to 88,695 sales, TREB President Maureen O'Neill announced today. "We have already exceeded the 84,145 sales recorded during 2005, which was our previous record," said the President. "By the end of December we will have crossed the 90,000 sales mark for the very first time. As 2007 winds down, the GTA resale home market is looking as healthy as it has ever been."
Prices were almost unchanged in November, with the average at $393,747, down marginally from the $394,646 recorded in the previous month. It was up 11 per cent over the $355,727 recorded during November 2006. Meanwhile, days-on-market came in at 32, and the list-to-sale price ratio was 98 per cent.
Toronto Real Estate Board on Track for a Record-Breaking Year!
December 5, 2007 -- Last month became the best November on record with 7,313 resale home transactions in the Greater Toronto Area, Toronto Real Estate Board President Maureen O’Neill announced today.
“I recently reported that 2007 became the best year ever for resale transactions in the Greater Toronto Area with six weeks left to go,” said Ms. O’Neill. Even more astonishing though, is the fact that eight of the 11 months so far this year set new monthly records. No other year has shown as many record-breaking monthly performances.”
Sales were up 16 per cent in November compared to the same timeframe last year.
At $393,757, November’s average price increased 11 per cent as compared to a year ago and remained in line with the previous month.
Some of the most significant activity in November took place in the 416 area code.
Based on strong sales in all housing types, Riverdale (E01) saw a 56 per cent increase in transactions compared to November 2006.
In the Islington/Kingsway (W08), sales rose 55 per cent over last November, driven primarily by an increase in detached home sales.
In Willowdale (C07), transactions nearly doubled compared to the same timeframe a year ago, driven by strong condominium apartment and detached home sales.
In the West part of Markham (N01), strong detached home sales led to an overall increase of 86 per cent compared to November 2006.
“We expect 2007 to be the first year ever to exceed 90,000 transactions, said Ms O’Neill. These numbers reflect the fact that people who live in the Greater Toronto Area see real estate as an excellent long-term investment.”
Toronto REALTORS® are passionate about their work. They adhere to a strict code of ethics and share a state-of-the-art Multiple Listing Service designed exclusively for REALTORS®. Serving more than 24,000 Members in the Greater Toronto Area, the Toronto Real Estate Board is Canada's largest real estate board. Greater Toronto Area open house listings are now available on www.TorontoRealEstateBoard.com.
See the Average Price Cycles
from January 1995 to Date - a very interesting cyclical pattern is clearly
seen!
See how the historical 1 year mortgage interest rate
compares to the 5 year rate
Breaking down the total Numbers into TREB Areas for this month
Please browse here if you wish to see all the TREB Sales stats for 2006
November 2007 Sales figures
- 2,725 sales were reported in TREB's 28 West districts and averaged $362,272
- 1,529 sales were reported in the 14 Central districts and averaged $519,841
- 1,354 sales were reported in the 23 North districts and averaged $417,967
- 1,705 sales were reported in TREB's 21 East districts and averaged $311,738.
October 2007 Sales figures
- 2,964 sales were reported in TREB's 28 West districts and averaged $367,139
- 1,602 sales were reported in the 14 Central districts and averaged $522,800
- 1,555 sales were reported in the 23 North districts and averaged $415,071
- 1,794 sales were reported in TREB's 21 East districts and averaged $307,950
September 2007 Sales figures
- 2,613 sales were reported in TREB’s 28 West districts and averaged $351,328
- 1,298 sales were reported in the 14 Central districts and averaged $501,419
- 1,380 sales were reported in the 23 North districts and averaged $404,663
- 1,575 sales were reported in TREB’s 21 East districts and averaged $306,467
- 3,057sales were reported in TREB's 28 West districts and averaged $343,493
August 2007 Sales figures
- 2,613 sales were reported in TREB’s 28 West districts and averaged $351,328; 1,298 sales were reported in the 14 Central districts and averaged $501,419; 1,380 sales were reported in the 23 North districts and averaged $404,663; and 1,575 sales were reported in TREB’s 21 East districts and averaged $306,4673,057sales were reported in TREB's 28 West districts and averaged $343,493
- 1,444 sales were reported in the 14 Central districts and averaged $453,718
- 1,653 sales were reported in the 23 North districts and averaged $403,539
- 1,905 sales were reported in TREB's 21 East districts and averaged $285,665
July 2007 Sales figures
- 3,424 sales were reported in TREB’s 28 West districts and averaged $347,978
- 1,590 sales were reported in the 14 Central districts and averaged $470,464
- 1,797 sales were reported in the 23 North districts and averaged $392,360
- 2,101 sales were reported in TREB’s 21 East districts and averaged $293,819.
June 2007 Sales figures
- 3,936 sales were reported in TREB’s 28 West districts and averaged $356,513
- 1,819 sales were reported in the 14 Central districts and averaged $513,491
- 2,248 sales were reported in the 23 North districts and averaged $406,565
- 2,448 sales were reported in TREB’s 21 East districts and averaged $302,558.
May 2007 Sales figures
- 4,175 sales were reported in TREB’s 28 West districts and averaged $356,836
- 2,038 sales were reported in the 14 Central districts and averaged $506,172
- 2,323 sales were reported in the 23 North districts and averaged $408,391
- 2,610 sales were reported in TREB’s 21 East districts and averaged $305,168
March 2007 Sales figures
- 3,233 sales were reported in TREB’s 28 West districts and averaged $343,475
- 1,521 sales were reported in the 14 Central districts and averaged $471,804
- 1,706 sales were reported in the 23 North districts and averaged $400,392
- 2,058 sales were reported in TREB’s 21 East districts and averaged $291 ,721
February 2007 Sales figures
- 2,522 sales were reported in TREB’s 28 West districts and averaged $342,060
- 1,224 sales were reported in the 14 Central districts and averaged $504,381
- 1,395 sales were reported in the 23 North districts and averaged $389,306
- 1,631 sales were reported in TREB’s 21 East districts and averaged $290,392.
January 2007 Sales figures
- 1,975 sales were reported in TREB’s 28 West districts and averaged $335,116
- 878 sales were reported in the 14 Central districts and averaged $462,211
- 1,082 sales were reported in the 23 North districts and averaged $383,806
- 1,238 sales were reported in TREB’s 21 East districts and averaged $280,178.
See last year's sales figures
Neighbourhood Corner - Mississauga - Each month The Toronto Real Estate Board profiles a neighbourhood and for January of 2006 TREB chose Mississauga!
Mississauga 2006
Mississauga (MLS districts W12 to W20) had 608 sales in January, up seven per cent over the figure recorded in January of 2005. These sales averaged $305,464, a two per cent increase over last January. Breaking down the total, there were 201 sales of detached homes, which averaged $448,889; there were 171 sales of condominium apartments, and the average for these was $193,481.
Mississauga 2005
There were 569 sales in the Mississauga area during January, down 12 per cent from the figure recorded in January of 2004. The average price, however, rose seven per cent to $298,503. Breaking down the total, detached homes in Mississauga (203 sales) averaged about $418,655, while semis (121 sales) came in at $279,025.
Neighbourhood Corner January 2004 for Mississauga
The Mississauga area (W-12 through W-20) registered 645 sales in January, down 10 per cent from the 721 recorded during the same time-frame in 2003. However, the overall average in Mississauga came to $277,594, up seven percent over the $259,207 recorded in January of last year. Average days-on-market was 43, about the same as the Board-wide figure of 42.
Neighbourhood Corner Information - Mississauga (from January 2003)
In Mississauga (W-12 to W-20) the latter half of this year saw prices climb 10 per cent to $256,824 over the $233,151 recorded for the whole of 2001. Average Days-on-Market in Mississauga was 34, as compared to a city-wide average of 38 days.
Housing prices in selected areas of the GTA
Municipality Standard Condominium Apartment Standard Two Storey House Standard Townhouse Senior Executive House Brampton 155,000 280,000 210,000 585,000 Burlington 181,000 275,000 181,000 490,000 Markham 260,000 358,000 245,000 465,000 Mississauga 185,000 290,000 206,500 490,000 Oakville 225,000 290,000 220,000 600,000 Richmond Hill 225,000 290,000 225,000 410,000 Toronto - Etobicoke (Islington/Kingsway) 210,000 415,000 232,000 640,000 Toronto - Leaside 250,000 645,000 350,000 950,000 Source: Survey of Canadian House Prices, Fourth Quarter 2004 Prices as of Oct.-Dec. 2004 (CDN $) Rental Market indicators in the GTA
This chart shows the breakdown of single family residential sales for last month.
This month
This month
% Change
Sales*
New Listings*
Active Listings*
softer market and prices* All figures above for Single-Family Dwellings.
Totals for this last month
Previous Month average prices 2005
This is a graphical representation showing the percentage of homes that sold in each price range.
Archived issues of my TREB Market Watch reports
- December 2007
- November 2007
- October 2007
- September 2007
- August 2007
- July 2007
- June 2007
- May 2007
- April 2007
- March 2007
- February 2007
- January 2007
- December 2006
- November 2006
- June 2006 issue
- April 2006
- January 2006
- All of 2005
- December 2005
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