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GTA REALTORS® RELEASE MONTHLY RESALE HOUSING FIGURES
TORONTO, October 5, 2015 – Toronto Real Estate Board President Mark McLean
announced that Greater Toronto Area REALTORS® reported a record number of
transactions for the month of September through TREB’s MLS® System. There was a
combined 8,200 home sales reported for September 2015. This result was up 2.5 per
cent compared to September 2014.
TREB MLS® sales through the first nine months of 2015 amounted to 80,331, which also
represented a record result and a 9.5 per cent increase compared to the first three
quarters of 2014.
“We are on track for record home sales reported through TREB’s MLS® System this year.
Barring a drastic shift in the economy over the next three months, total transactions
reported by TREB Members in 2015 are expected to be at or near the 100,000 mark. This
is a testament to the importance that GTA households put on home ownership as a long-
term investment,” said Mr. McLean.
The MLS® Home Price Index (HPI) Composite Benchmark Price was up by 10.5 per cent
year over year. The average selling price for all home types combined was also up by 9.2
per cent annually to $627,395. Growth in the MLS® HPI Composite Benchmark and the
average price was driven by the low-rise market segments, including detached and semi-
detached houses and townhouses.
“While September was the second straight month where annual growth in new listings
outstripped annual growth sales, total active listings at the end of the month still remained
below last year’s level. This, coupled with the record pace of sales experienced so far this
year, suggests that competition between buyers will remain strong as we move into the
fourth quarter. Expect strong rates of price growth to continue through the remainder of
2015 and into 2016,” said Jason Mercer, TREB’s Director of Market Analysis.
CONTINUED…
	
  
NEWS RELEASE
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 42,000 TREB Members serve consumers in the Greater Toronto Area. TREB is
Canada’s largest real estate board.
MEDIA INQUIRIES: MARY GALLAGHER, SENIOR MANAGER PUBLIC AFFAIRS maryg@trebnet.com
-30-
	
  
Summary	
  of	
  TorontoMLS	
  Sales	
  and	
  Average	
  Price	
  
September	
  1	
  -­‐	
  30,	
  2015	
  
	
   2015	
   2014	
  
	
   Sales	
   Average	
  Price	
   New	
  Listings	
   Sales	
   Average	
  Price	
   New	
  Listings	
  
City	
  of	
  Toronto	
  ("416")	
   3,137	
   674,922	
   6,816	
   3,051	
   625,971	
   6,571	
  
Rest	
  of	
  GTA	
  ("905")	
   5,063	
   597,947	
   9,261	
   4,950	
   542,653	
   9,000	
  
GTA	
   8,200	
   627,395	
   16,077	
   8,001	
   574,424	
   15,571	
  
	
  
TorontoMLS	
  Sales	
  &	
  Average	
  Price	
  	
  By	
  Home	
  Type	
  
September	
  1	
  -­‐	
  30,	
  2015	
  
	
   Sales	
   Average	
  Price	
  
	
   416	
   905	
   Total	
   416	
   905	
   Total	
  
	
   	
   	
   	
   	
   	
   	
  
Detached	
   1,051	
   2,827	
   3,878	
   1,053,871	
   732,852	
   819,853	
  
Yr./Yr.	
  %	
  Change	
   0.0%	
   0.9%	
   0.7%	
   10.7%	
   11.6%	
   11.2%	
  
Semi-­‐Detached	
   318	
   523	
   841	
   740,373	
   497,775	
   589,506	
  
Yr./Yr.	
  %	
  Change	
   1.9%	
   2.5%	
   2.3%	
   7.3%	
   11.1%	
   9.2%	
  
Townhouse	
   300	
   984	
   1,284	
   527,257	
   448,930	
   467,231	
  
Yr./Yr.	
  %	
  Change	
   2.0%	
   6.3%	
   5.2%	
   10.8%	
   9.6%	
   9.7%	
  
Condo	
  Apartment	
   1,444	
   608	
   2,052	
   418,603	
   307,295	
   385,623	
  
Yr./Yr.	
  %	
  Change	
   5.6%	
   2.4%	
   4.6%	
   5.6%	
   2.2%	
   5.0%	
  
	
  
	
  	
   Composite	
  (All	
  
Types)	
  
Single-­‐Family	
  
Detached	
  
Single-­‐Family	
  
Attached	
  
Townhouse	
   Apartment	
  
TREB	
  Total	
   10.46%	
   12.01%	
   11.20%	
   9.85%	
   5.65%	
  
Halton	
  Region	
   9.39%	
   9.66%	
   9.77%	
   6.86%	
   -­‐	
  
Peel	
  Region	
   9.68%	
   10.46%	
   10.94%	
   10.04%	
   3.26%	
  
City	
  of	
  Toronto	
   8.62%	
   10.88%	
   8.54%	
   8.84%	
   5.95%	
  
York	
  Region	
   13.95%	
   14.73%	
   14.70%	
   12.30%	
   5.52%	
  
Durham	
  Region	
   13.51%	
   13.26%	
   14.71%	
   11.59%	
   11.58%	
  
Orangeville	
   10.44%	
   11.24%	
   10.37%	
   -­‐	
   -­‐	
  
South	
  Simcoe	
  
County1
	
  
13.31%	
   12.54%	
   14.53%	
   -­‐	
   -­‐	
  
Source:	
  Toronto	
  Real	
  Estate	
  Board	
   	
   	
   	
   	
  
1
South	
  Simcoe	
  includes	
  Adjala-­‐Tosorontio,	
  Bradford	
  West	
  Gwillimbury,	
  Essa,	
  Innisfil	
  and	
  New	
  Tecumseth	
   	
  
	
  

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October Market Watch 2015

  • 1. GTA REALTORS® RELEASE MONTHLY RESALE HOUSING FIGURES TORONTO, October 5, 2015 – Toronto Real Estate Board President Mark McLean announced that Greater Toronto Area REALTORS® reported a record number of transactions for the month of September through TREB’s MLS® System. There was a combined 8,200 home sales reported for September 2015. This result was up 2.5 per cent compared to September 2014. TREB MLS® sales through the first nine months of 2015 amounted to 80,331, which also represented a record result and a 9.5 per cent increase compared to the first three quarters of 2014. “We are on track for record home sales reported through TREB’s MLS® System this year. Barring a drastic shift in the economy over the next three months, total transactions reported by TREB Members in 2015 are expected to be at or near the 100,000 mark. This is a testament to the importance that GTA households put on home ownership as a long- term investment,” said Mr. McLean. The MLS® Home Price Index (HPI) Composite Benchmark Price was up by 10.5 per cent year over year. The average selling price for all home types combined was also up by 9.2 per cent annually to $627,395. Growth in the MLS® HPI Composite Benchmark and the average price was driven by the low-rise market segments, including detached and semi- detached houses and townhouses. “While September was the second straight month where annual growth in new listings outstripped annual growth sales, total active listings at the end of the month still remained below last year’s level. This, coupled with the record pace of sales experienced so far this year, suggests that competition between buyers will remain strong as we move into the fourth quarter. Expect strong rates of price growth to continue through the remainder of 2015 and into 2016,” said Jason Mercer, TREB’s Director of Market Analysis. CONTINUED…   NEWS RELEASE
  • 2. 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 42,000 TREB Members serve consumers in the Greater Toronto Area. TREB is Canada’s largest real estate board. MEDIA INQUIRIES: MARY GALLAGHER, SENIOR MANAGER PUBLIC AFFAIRS maryg@trebnet.com -30-   Summary  of  TorontoMLS  Sales  and  Average  Price   September  1  -­‐  30,  2015     2015   2014     Sales   Average  Price   New  Listings   Sales   Average  Price   New  Listings   City  of  Toronto  ("416")   3,137   674,922   6,816   3,051   625,971   6,571   Rest  of  GTA  ("905")   5,063   597,947   9,261   4,950   542,653   9,000   GTA   8,200   627,395   16,077   8,001   574,424   15,571     TorontoMLS  Sales  &  Average  Price    By  Home  Type   September  1  -­‐  30,  2015     Sales   Average  Price     416   905   Total   416   905   Total                 Detached   1,051   2,827   3,878   1,053,871   732,852   819,853   Yr./Yr.  %  Change   0.0%   0.9%   0.7%   10.7%   11.6%   11.2%   Semi-­‐Detached   318   523   841   740,373   497,775   589,506   Yr./Yr.  %  Change   1.9%   2.5%   2.3%   7.3%   11.1%   9.2%   Townhouse   300   984   1,284   527,257   448,930   467,231   Yr./Yr.  %  Change   2.0%   6.3%   5.2%   10.8%   9.6%   9.7%   Condo  Apartment   1,444   608   2,052   418,603   307,295   385,623   Yr./Yr.  %  Change   5.6%   2.4%   4.6%   5.6%   2.2%   5.0%         Composite  (All   Types)   Single-­‐Family   Detached   Single-­‐Family   Attached   Townhouse   Apartment   TREB  Total   10.46%   12.01%   11.20%   9.85%   5.65%   Halton  Region   9.39%   9.66%   9.77%   6.86%   -­‐   Peel  Region   9.68%   10.46%   10.94%   10.04%   3.26%   City  of  Toronto   8.62%   10.88%   8.54%   8.84%   5.95%   York  Region   13.95%   14.73%   14.70%   12.30%   5.52%   Durham  Region   13.51%   13.26%   14.71%   11.59%   11.58%   Orangeville   10.44%   11.24%   10.37%   -­‐   -­‐   South  Simcoe   County1   13.31%   12.54%   14.53%   -­‐   -­‐   Source:  Toronto  Real  Estate  Board           1 South  Simcoe  includes  Adjala-­‐Tosorontio,  Bradford  West  Gwillimbury,  Essa,  Innisfil  and  New  Tecumseth