The document contains several charts analyzing the Toronto housing market. The charts show monthly data on home sales, new listings, sales-to-new listings ratios, and average home prices for 2022 and the previous three years. Trend lines are also included to show changes in sales, listings, and prices over time from 1994 to the present. One chart plots the monthly sales-to-new listings ratio against the annual percentage change in home prices to demonstrate their relationship.

1. December 2022
TRREB Housing Market Charts

2. TRREB Housing Market Charts
TRREB MLS Sales Monthly with Three Previous Years for Comparison
January February March April May June July August September October November December
0
2000
4000
6000
8000
10000
12000
14000
16000
Source: Toronto Regional Real Estate Board
Explanation: This chart plots Monthly MLS Sales for the current year and the previous three years. The recurring seasonal trend can be examined along with comparisons to previous
years for each month.
Toronto Regional Real Estate Board
2020 2021 2022
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3. TRREB Housing Market Charts
TRREB MLS New Listings Monthly with Three Previous Years for Comparison
January February March April May June July August September October November December
0
5000
10000
15000
20000
Source: Toronto Regional Real Estate Board
Explanation: This chart plots Monthly MLS New Listings for the current year and the previous three years. The recurring seasonal trend can be examined along with comparisons to
previous years for each month.
Toronto Regional Real Estate Board
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2020 2021 2022

4. TRREB Housing Market Charts
TRREB MLS SNLR Monthly with Three Previous Years for Comparison
January February March April May June July August September October November December
0.0
0.2
0.4
0.6
0.8
1.0
1.2
Source: Toronto Regional Real Estate Board
Explanation: This chart plots Monthly MLS Sales-to-New Listings ratio for the current year and the previous three years. The recurring seasonal trend can be examined along with
comparisons to previous years for each month.
Toronto Regional Real Estate Board
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2020 2021 2022

5. TRREB Housing Market Charts
TRREB MLS Average Price Monthly with Three Previous Years for Comparison
January February March April May June July August September October November December
$0.0M
$0.2M
$0.4M
$0.6M
$0.8M
$1.0M
$1.2M
$1.4M
Source: Toronto Regional Real Estate Board
Explanation: This chart plots Monthly MLS Average Resale Home Price for the current year and the previous three years. The recurring seasonal trend can be examined along with
comparisons to previous years for each month.
Toronto Regional Real Estate Board
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2020 2021 2022

6. TRREB Housing Market Charts
TRREB MLS Sales Monthly Time Series with Trend Line
1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 2016 2018 2020 2022 2024
0
2000
4000
6000
8000
10000
12000
14000
16000
Source: Toronto Regional Real Estate Board
Explanation: This chart plots Monthly MLS Sales since January 1994. The blue line shows actual sales. The yellow line is the trend computed using a 12-month moving average, which
exhibits no seasonal variations or other irregular fluctuations. A substantial change in actual sales must occur to change the direction of the trend.
Toronto Regional Real Estate Board
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MLS Sales
Sales Trend (12-Month moving average)

7. TRREB Housing Market Charts
TRREB MLS New Listings Monthly Time Series with Trend Line
1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 2016 2018 2020 2022 2024
0
5000
10000
15000
20000
25000
Source: Toronto Regional Real Estate Board
Explanation: This chart plots Monthly MLS New Listings since January 1994. The blue line shows actual sales. The yellow line is the trend computed using a 12-month moving average,
which exhibits no seasonal variations or other irregular fluctuations. A substantial change in actual sales must occur to change the direction of the trend.
Toronto Regional Real Estate Board
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MLS New Listings
New Listings Trend (12-Month moving average)

8. TRREB Housing Market Charts
TRREB MLS Average Price Monthly Time Series with Trend Line
1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 2016 2018 2020 2022 2024
$0.0M
$0.2M
$0.4M
$0.6M
$0.8M
$1.0M
$1.2M
$1.4M
Source: Toronto Regional Real Estate Board
Explanation: This chart plots Monthly MLS Average Price since January 1994. The blue line shows actual sales. The yellow line is the trend computed using a 12-month moving average,
which exhibits no seasonal variations or other irregular fluctuations. A substantial change in actual sales must occur to change the direction of the trend.
Toronto Regional Real Estate Board
®
®
MLS Average Price
Average Price Trend (12-Month moving average)

9. TRREB Housing Market Charts
TRREB MLS SNLR vs Annual Price Growth
2008 2010 2012 2014 2016 2018 2020 2022
0.0
0.2
0.4
0.6
0.8
1.0
1.2
-10%
0%
10%
20%
30%
Source: Toronto Regional Real Estate Board
Explanation: This chart plots the monthly Sales-to-New Listings ratio (blue line) with year-over-year average annual per cent price change (yellow line). When the sales-to-new listings ratio
moves higher, average annual per cent price change in home prices generally trends higher. When the sales-to-new listings ratio moves lower, average annual per cent price change in
home prices generally trends lower.
Toronto Regional Real Estate Board
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Sales-to-New Listings Ratio
Average Price Annual Per Cent Change