7,7659,385March 2013 March 2012$519,879$500,875March 2013 March 2012For All TREB Member Inquiries:(416) 443-8152For All Media/Public Inquiries:(416) 443-8158March 2013Real GDP GrowthiQ4 2012 t 0.6%Toronto Employment GrowthiiFebruary 2013 t 4.6%Toronto Unemployment RateFebruary 2013 t 8.4%Inflation (Yr./Yr. CPI Growth)iiFebruary 2013 t 1.2%Bank of Canada Overnight RateiiiMarch 2013 q 1.0%Prime RateivMarch 2013 q 3.0%Mortgage Rates (Mar. 2013)ivChartered Bank Fixed Rates1 Year q 3.00%3 Year u 3.55%5 Year u 5.14%Sources and Notes:Economic IndicatorsiStatistics Canada, Quarter-over-quartergrowth, annualizediiStatistics Canada, Year-over-year growthfor the most recently reported monthiiiBank of Canada, Rate from most recentBank of Canada announcementivBank of Canada, Rates for most recentlycompleted monthSales & Average Price By Major Home Type1,7416 905 Total 416 905 TotalDetached 975 2,794 3,769 $846,828 $592,265 $658,118Yr./Yr. % Change -21.6% -16.4% -17.8% 2.8% 5.4% 4.0%Semi-Detached 314 573 887 $607,334 $403,031 $475,355Yr./Yr. % Change -15.1% -14.0% -14.4% 6.9% 3.1% 4.6%Townhouse 300 884 1,184 $450,104 $369,590 $389,990Yr./Yr. % Change -18.5% -13.5% -14.8% 7.5% 4.2% 5.0%Condo Apartment 1,266 505 1,771 $367,595 $278,984 $342,327Yr./Yr. % Change -18.7% -17.8% -18.4% 2.0% 1.3% 1.7%March 2013Sales Average PriceAverage Price up in March and First QuarterTORONTO, April 3, 2013 – Greater Toronto Area REALTORS® reported 7,765 transactionsthrough the TorontoMLS system in March 2013 – down 17 per cent compared to 9,385transactions in March 2012. While the year-over-year dip in March sales followed thetrend that has unfolded since mid-way through 2012, it is also important to note that theGood Friday holiday was in March this year versus April in 2012. Generally speaking, thereare fewer sales reported on statutory holidays and weekends.In the first quarter of 2013, sales amounted to 17,678 – down by 14 per cent compared toQ1 2012."Home ownership remains affordable for a household earning the average income in theGreater Toronto Area. There are many willing buyers in the marketplace today. Whilesome households have put their decision to purchase on hold as a result of stricter lendingguidelines or the additional Land Transfer Tax in the City of Toronto, other householdssimply haven’t been able to find the right house due to a shortage of listings in somemarket segments," said Toronto Real Estate Board President Ann Hannah.The average selling price in March was $519,879 – up by 3.8 per cent compared to March2012. The average price in Q1 2013 was $508,066 – up by 3.2 per cent compared to thefirst quarter of 2012."The average selling price and the MLS® Home Price Index Composite Benchmark was upon a year-over-year basis across most home types, especially in the low-rise marketsegments where supply remains an issue. TREBs average price forecast for 2013 remainsat $515,000, representing a 3.5 per cent annual rate of growth," said Jason Mercer, TREBsSenior Manager of Market Analysis.2013 2012 % Chg.Sales 7,765 9,385 -17.3%New Listings 14,728 16,191 -9.0%Active Listings 18,384 16,920 8.7%Average Price $519,879 $500,875 3.8%Average DOM 24 21 13.8%Year-Over-Year Summary1,7TorontoMLS Sales Activity1,7TorontoMLS Average Price1,7
July 2010Page 3Toronto Real Estate BoardMarket Watch, March 2013 27YEAR SALES AVERAGE PRICE2002 74,759 $275,2312003 78,898 $293,0672004 83,501 $315,2312005 84,145 $335,9072006 83,084 $351,9412007 93,193 $376,2362008 74,552 $379,3472009 87,308 $395,4602010 85,545 $431,2762011 89,096 $465,0142012 85,522 $497,146January 4,432 $462,655February 6,809 $500,249March 9,385 $500,875April 10,022 $515,869May 10,546 $514,550June 9,130 $507,361July 7,339 $475,507August 6,250 $477,174September 5,687 $501,326October 6,716 $502,103November 5,621 $484,316December 3,585 $477,887Annual 85,522 $497,146January 4,247 $482,197February 5,666 $511,266March 7,765 $519,879April - -May - -June - -July - -August - -September - -October - -November - -December - -Year-to-Date 17,678 $508,066HISTORIC ANNUAL STATISTICS1,6,72013 MONTHLY STATISTICS1,72012 MONTHLY STATISTICS1,7*For historic annual sales and average price data over a longer time frame go to:http://www.torontorealestateboard.com/market_news/market_watch/historic_stats/pdf/TREB_historic_statistics.pdfNOTES8SNLR = Sales-to-New Listings Ratio. Calculated using a 12-month moving average (sales/new listings).9Mos. Inv. = Months of Inventory. Calculated using a 12-month moving average (active listings/sales).7Past monthly and year-to-date figures are revised on a monthly basis.1Sales, dollar volume, average sale prices and median sale prices are based on firm transactions entered into the TorontoMLS® system between the firstand last day of the month/period being reported.2New listings entered into the TorontoMLS® system between the first and last day of the month/period being reported.3Active listings at the end of the last day of the month/period being reported.4Ratio of the average selling price to the average listing price for firm transactions entered into the TorontoMLS® system between the first and last dayof the month/period being reported.5Average number of days on the market for firm transactions entered into the TorontoMLS® system between the first and last day of the month/periodbeing reported.6Due to past changes to TREBs service area, caution should be exercised when making historical comparisons.