Loading…

Flash Player 9 (or above) is needed to view presentations.
We have detected that you do not have it on your computer. To install it, go here.

Like this document? Why not share!

Gta realtors® release monthly resale housing figures

on

  • 79 views

TORONTO, February 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 ...

TORONTO, February 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.

Statistics

Views

Total Views
79
Views on SlideShare
79
Embed Views
0

Actions

Likes
0
Downloads
0
Comments
0

0 Embeds 0

No embeds

Accessibility

Categories

Upload Details

Uploaded via as Adobe PDF

Usage Rights

© All Rights Reserved

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
    Processing…
Post Comment
Edit your comment

Gta realtors® release monthly resale housing figures Gta realtors® release monthly resale housing figures Document Transcript

  • NEWS RELEASE GTA REALTORS® RELEASE MONTHLY RESALE HOUSING FIGURESTORONTO, February 5, 2013 – Greater Toronto Area REALTORS® reported 4,375transactions through the TorontoMLS system in January 2013. This numberrepresented 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 oftransactions was down slightly compared to last year, the rate of decline was much lessthan what was experienced in the second half of 2012. This suggests that somebuyers, who put their decision to purchase on hold last year due to stricter mortgagelending guidelines, are once again becoming active in the market,” said Toronto RealEstate Board (TREB) President Ann Hannah.“It is interesting to note that sales were up for many home types in the GTA regionssurrounding the City of Toronto. This is due, at least in part, to the additional upfrontland 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 centcompared to $462,655 in January 2012. The MLS® Home Price Index (HPI) CompositeBenchmark price was up by 3.8 per cent over the same period.“There will be enough competition between buyers in the marketplace to promptcontinued growth in home prices in 2013. Expect annual average price growth in thethree to five per cent range this year,” said Jason Mercer, TREB’s Senior Manager ofMarket Analysis.Greater Toronto REALTORS® are passionate about their work. They are governed by astrict Code of Ethics and share a state-of-the-art Multiple Listing Service. Over 36,000TREB Members serve consumers in the Greater Toronto Area. The Toronto RealEstate Board is Canada’s largest real estate board. TABLES CONTINUE…
  • PAGE 2 Summary of TorontoMLS Sales and Average Price January 1-31, 2013 2013 2012 Average New Average Sales Price Listings Sales Price New 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% Media Inquiries: Mary Gallagher Senior Manager Public Affairs (416) 443-8158 maryg@trebnet.com - 30 -Get the latest real estate news and Market Watch information including market watch summary videotwitter.com/TREBhome www.facebook.com/TorontoRealEstateBoard www.youtube.com/TREBChannel