• If you have listings they need to be the best deal on the Market.
    • Take a minimum 6 month listing when possible.
  ...
Market Statistics – 2008

GTA
Greater Toronto Resale Housing at 2,000 Sales in Mid-November

End of December 2008 –Toronto...
End of October, 2008 -- The Greater Toronto Area resale housing market reported 5,155 sales in
October, Toronto Real Estat...
JULY 2008 -- TREB Members reported 7,806 sales of single-family dwellings in July. “GTA sales were down
12 per cent from J...
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GTA Market Statistics 2009

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This is a summary of the Real Esatae Market in The Toronot, Ontario, Canada Aera since Jan. 2008.

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  • If my house was appraised by the bank in July 2008 for 595,000 for a secured line of credit how much has the market fallen (%) in May of 2009. Real estate agents have been giving me figures such as 18% over the last year but I am not sure I find numbers to support this, any advice??
    Thanks
    Liz
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Transcript of "GTA Market Statistics 2009"

  1. 1. • If you have listings they need to be the best deal on the Market. • Take a minimum 6 month listing when possible. • Your Clients homes will be worth less in the Spring of 2009. • If you have Buyers they are gold so get them out to see the deals on the market at every opportunity. • You should always have listings but put more effort into finding Buyers. • Watch your expenses. • Homes are always being bought and sold just make sure you get your share! Market Statistics - 2009 Mid January 2009 – Greater Toronto REALTORS® reported 888 sales during the first half of January compared to 1,776 in the first 15 days of 2008, a 50% decline. “According to Statistics Canada the economic situation throughout Canada changed noticeably over the past year with job losses in the fourth quarter of 2008. Toronto is not immune to this, the GTA housing market has been impacted,” according to TREB President Maureen O’Neill. The average GTA price mid-way through January is $332,495 down from 367,574 during the same period in 2008 for a price drop of just over $35,000.00. 2009 SUMMARY OF MID‐MONTH JANUARY SALES AND AVERAGE PRICE 2008 ‐ Mid-Month January 2009 2008 Sales Average Price Sales Average Price City of Toronto (quot;416quot;) 369 $350,835 800 $394,205 Rest of GTA (quot;905quot;) 519 $319,455 976 $345,745 GTA 888 $332,495 1,776 $367,574 Source: Toronto Real Estate Board
  2. 2. Market Statistics – 2008 GTA Greater Toronto Resale Housing at 2,000 Sales in Mid-November End of December 2008 –Toronto Real Estate Board Members reported 2,577 sales in December 2008, down from the 4,646 recorded during the same month in 2007, down 44% , TREB President Maureen O’Neill announced today. “Sales for the whole of 2008 were 74,552, down from the 93,193 recorded in 2007, down 20%. The average price in December of 2008 came in at $361,415, down 8.4% compared to $394,931 in 2007. Active listings stand at 19,468 in 2008 which is an increase of 45% from the listings in Dec. 2007. Mid December 17, 2008 -- Greater Toronto REALTORS® reported 1,487 resale transactions during the first half of December, down from 2,868 sales recorded in the same period a year ago, for a 48% decrease Toronto Real Estate Board President Maureen O’Neill announced today. The average price of a home in the Greater Toronto Area is currently $360,652. This is down compared to an average of $404,707 recorded during the first half of December 2007. There are currently 24,708 listings on the TorontoMLS system, from 17,027 a year ago, which means an increase of 7,681 listings. This means over a 40% increase in listings year over year. The average number of days a home now remains on the market is 43, as compared to 33 days a year ago. End of November, 2008 -- Greater Toronto REALTORS® recorded 3,640 transactions last month, down from 7,313 sales in November 2007, down 50% Toronto Real Estate Board President Maureen O’Neill announced today. Year-to-date sales figures for the Greater Toronto Area show sales down 72,086 transactions in 2008, from 88,695 sales recorded in the same January to November period a year ago, down 16,009 sales. The average number of days a home currently remains on the market in the GTA is 41 days, up from an average of 32 days last November. There are currently 27,037 homes listed on the TorontoMLS system compared to 18,309 available properties in November 2007. Mid November 19, 2008 -- Greater Toronto REALTORS® recorded 1,991 resale transactions during the first half of November 2008 down from 3,544 sales recorded during the same period a year ago, Toronto Real Estate Board President Maureen O’Neill announced today reflecting a 44% decrease. The Greater Toronto Area year-to-date figures show 70,474 sales in 2008 down from 84,994 recorded during the same period in 2007. In the first two weeks of November 2008, the average price of a home in the GTA was down at $375,712 compared to $393,084 recorded a year ago. Currently there are 27,562 homes listed for sale on the TorontoMLS system compared to a year ago when 20,173 properties were available. So there is an increase of 7,389 more properties on the market. As such, the average time homes are remaining on the market is 41 days from 31 days in 2007.
  3. 3. End of October, 2008 -- The Greater Toronto Area resale housing market reported 5,155 sales in October, Toronto Real Estate Board President Maureen O’Neill announced today. This represents a 35 per cent decline from the 7,915 sales reported in October 2007. With 68,570 transactions to date this year, sales are down 16 per cent of the 81,563 transactions noted a year ago. In the City of Toronto, the current average price of a home is $376,896, down 13 per cent from last October’s average of $434,022. Mid October 2008 -- Activity in the Greater Toronto Area resale housing market moderated considerably during the first half of October with 2,700 homes changing hands, Toronto Real Estate Board President Maureen O’Neill announced today. Sales volumes in the GTA decreased 18 per cent compared to the first half of October 2007. House prices declined throughout the GTA during the first half of the month. The average price of a GTA home is currently $353,772, down 11 per cent from $399,013 recorded the comparable period in 2007. With 27,559 properties currently listed on the TorontoMLS system, there is now 30 per cent more available stock from which to choose as compared to a year ago when 21,182 homes were listed. End of September, 2008 -- TREB Members reported 6,424 sales of single family dwellings in September, down about six per cent from the 6,866 sales recorded during September of last year, Toronto Real Estate Board President Maureen O'Neill announced today. Overall, GTA prices declined three per cent from their year-ago levels to an average of $368,549 from the September 2007 figure of $380,132. MID SEPT 2008 -- The Greater Toronto Area’s autumn resale housing market began with moderate activity, Toronto Real Estate Board President Maureen O’Neill announced today. With 2,726 sales during the first half of this month, activity has declined 16 per cent from the 3,236 recorded during same time period a year ago. The 26,299 properties listed for sale on the TorontoMLS system have increased 26 per cent from a year ago when 20,841 homes were available. The time that homes remain on the market has increased as well, to an average of 37 days compared to 31 days a year ago. End of AUGUST 2008 -- With 6,318 transactions recorded last month, sales in the GTA declined 22 per cent compared to the record August 2007 figure of 8,059. In the City of Toronto, there were 2,437 sales in August, a 25 per cent decline from the 3,243 transactions recorded a year ago. There are currently 25,076, properties available for sale in the GTA, which represents a 31 per cent increase from the 19,145 active listings a year ago. Increased choice has resulted in properties remaining on the market for an average of 36 days compared to 33 days a year ago. MID AUGUST 2008 -- With 3,019 transactions in the GTA during the first half of the month, sales were down 13 per cent compared to the 3,480 sales recorded at mid-August last year. There are currently 26,128 active listings, up 28 per cent from the 20,365 properties available for sale a year ago. This has resulted in homes remaining on the market for a slightly longer period of 35 days compared to 32 days last August.
  4. 4. JULY 2008 -- TREB Members reported 7,806 sales of single-family dwellings in July. “GTA sales were down 12 per cent from July 2007 figure of 8,912” said TREB President Maureen O’Neill. JUNE 2008-- TREB Members reported 8,600 sales in June, TREB President Maureen O’Neill announced today. “Sales were down 18 per cent from the 2007 total of 10,451.” noted the president. “With summer coming, and a 22 per cent increase in inventory to nearly 27,000 this June over last, the market is slowly shifting towards balance after several years of favouring sellers,” said the President. MID MAY 2008 GTA Resale Housing Market Moderate in May 20, 2008 – Moderate sales continued to characterize the Greater Toronto Area resale housing market during the first half of May, Toronto Real Estate Board President Maureen O'Neill announced today. quot;With 4,422 sales throughout the GTA in the first two weeks of this month, activity has declined 12 per cent compared to the 5,003 homes sold during the first half of May 2007,quot; said Ms. O'Neill. APRIL 2008 Sales moderate in April statistics show that 8,762 houses sold in the Greater Toronto Area. “The market continues to experience a supply and demand situation says President Maureen O’Neill. The GTA market sales was down 7 per cent from last April’s record 9,452 transactions. MARCH 2008 Low inventory levels kept sales brisk but well off record levels, TREB President Maureen O'Neill announced today. quot;With 6,631 transactions recorded during March, the overall Greater Toronto Area resale market was down 22 per cent from the 8,518 sales of March 2007. FEB. 2008 While snow fell in almost record amounts, Toronto Real Estate Board Members recorded a respectable 6,015 sales during the month of February, TREB President Maureen O'Neill announced today. quot;While sales were down over 2007 (11 per cent). JAN. 2008 A strong performance within TREB's Central districts drove the Toronto area real estate market to a healthy 5,075 sales in January, off just two per cent from last year's record performance, President Maureen O'Neill announced today. said Ms. O'Neill. quot;There is clearly still a place for the first-time buyer in today's resale market.quot;

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