The Greater Toronto Area Realtors have reported a record number of transactions for the month of September 2015, through TREB's MLS System.

1. Market Update
Record Home Sales in September 2015
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 rec-
ord 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 semidetached 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.
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Toronto and Area Newsletter Fall 2015