Construction/Building — February 5, 2013

GTA REALTORS® Release Monthly Resale Housing Figures

TORONTO, ONTARIO--(Marketwire - Feb. 5, 2013) - Greater Toronto Area REALTORS® reported 4,375 transactions through the TorontoMLS system in January 2013. This number represented a slight decline compared to 4,432 transactions reported in January 2012.

"The January sales figures represent a good start to 2013. While the number of transactions was down slightly compared to last year, the rate of decline was much less than what was experienced in the second half of 2012. This suggests that some buyers, who put their decision to purchase on hold last year due to stricter mortgage lending guidelines, are once again becoming active in the market," said Toronto Real Estate Board (TREB) President Ann Hannah.

"It is interesting to note that sales were up for many home types in the GTA regions surrounding the City of Toronto. This is due, at least in part, to the additional upfront land transfer tax in the City of Toronto," added Ms. Hannah.

The average selling price for January 2013 sales was $482,648 - up by 4.3 per cent compared to $462,655 in January 2012. The MLS® Home Price Index (HPI) Composite Benchmark price was up by 3.8 per cent over the same period.

"There will be enough competition between buyers in the marketplace to prompt continued growth in home prices in 2013. Expect annual average price growth in the three to five per cent range this year," said Jason Mercer, TREB's Senior Manager of Market Analysis.

Greater Toronto REALTORS® are passionate about their work. They are governed by a strict Code of Ethics and share a state-of-the-art Multiple Listing Service. Over 36,000 TREB Members serve consumers in the Greater Toronto Area. The Toronto Real Estate Board is Canada's largest real estate board.

Summary of TorontoMLS Sales and Average Price January 1-31, 2013
2013 2012
Average New Average New
Sales Price Listings Sales Price Listings
City of Toronto
("416") 1,559 $ 507,859 4,207 1,667 $ 498,534 4,015
Rest of GTA
("905") 2,816 $ 468,691 6,417 2,765 $ 441,024 5,583
GTA 4,375 $ 482,648 10,624 4,432 $ 462,655 9,598
TorontoMLS Sales & Average Price By Home Type January 1-31, 2013
Sales Average Price
416 905 Total 416 905 Total
Detached 502 1,579 2,081 765,049 563,675 612,252
Yr./Yr. % Change -7.6 % 3.7 % 0.7 % 2.7 % 6.8 % 4.7 %
Semi-Detached 147 324 471 586,080 391,830 452,456
Yr./Yr. % Change -5.2 % 0.9 % -1.1 % 12.5 % 3.6 % 6.5 %
Townhouse 166 519 685 418,262 359,271 373,566
Yr./Yr. % Change -11.2 % 1.0 % -2.3 % 1.8 % 5.6 % 4.0 %
Condo Apartment 730 321 1,051 340,295 269,073 318,542
Yr./Yr. % Change -4.5 % -6.4 % -5.1 % -1.3 % -1.4 % -1.2 %

Get the latest real estate news and Market Watch information including market watch summary video.

Contact Information

Media Inquiries:
Toronto Real Estate Board
Mary Gallagher
Senior Manager Public Affairs
(416) 443-8158
maryg@trebnet.com

Twitter: www.twitter.com/TREBhome
Facebook: www.facebook.com/TorontoRealEstateBoard
YouTube: www.youtube.com/TREBChannel

Print

Latest Industry Press Releases

Updated 13:48 EDT, April 23, 2014  

Construction/Building

Retrocom REIT Announces Date of First Quarter 2014 Financial Results Conference Call (2014-04-23)

President of Contractors Association Eyes Retirement on the Horizon (2014-04-23)

Empire Industries Reports 2013 Profit of $4.4 Million (2014-04-22)

Dresner Partners Announces Partnership With Richmond Virginia-Based Investment Bank (2014-04-22)

The North Front Limited Partnership Seeks Limited Partner Approval to Sell the Richmond Retirement Residence and Dissolve (2014-04-22)

Toromont to Hold Annual and Special Meeting of Shareholders on April 25, 2014 (2014-04-22)

RenoWorks Announces 2013 Fourth Quarter and Year End Financial Results (2014-04-22)

Tree Island Announces First Quarter 2014 Financial Results and Conference Call Notification (2014-04-22)

Pour célébrer le Jour de la Terre, la Banque Scotia lance un outil amélioré qui aident les Canadiens à économiser énergie et argent (2014-04-22)

Scotiabank Launches Enhanced Tool for Earth Day, Helps Canadians Save Money by Saving Energy (2014-04-22)

NorRock Realty Finance Corporation Announces Private Placement and Update to Proposed Reactivation Transaction (2014-04-21)

Greater Toronto Realtors(R) Report Mid-Month Resale Housing Statistics (2014-04-17)

CanWel Building Materials Announces First Quarter 2014 Financial Results Notification (2014-04-17)

Black Diamond Group Limited Announces April Dividend (2014-04-17)

Scotiabank: Canada's Housing Market Transitioning to Slower Growth (2014-04-16)

Black Diamond Group Sets First Quarter 2014 Results Date and Time (2014-04-16)

MOST POPULAR STORIES
TODAY’S TOP CONSTRUCTION PROJECTS

These projects have been selected from 500 projects with a total value of $2,096,783,397 that Reed Construction Data Building Reports reported on Tuesday.

CONDOMINIUM AND COMMERCIAL DEVELOPMENT

$70,000,000 Ottawa ON Negotiated

CONDOMINIUM

$40,000,000 Ottawa ON Negotiated

CONDOMINIUM

$40,000,000 Ottawa ON Negotiated

Daily Top 10