Trebhousingmarketchartsmarch2010 100406153300 Phpapp02

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Trebhousingmarketchartsmarch2010 100406153300 Phpapp02

  1. 1. Housing Market Charts – March 2010
  2. 2. TREB MLS2 Sales Monthly 7ith Three Previous <ears for Comparison 12,000 2007 2008 2009 2010 10,000 8,000 6,000 4,000 2,000 0 Source: Toronto Real Estate BoardExplanation* T"#s &"a() *+o)s -on)"+/ 01S3 sa+es fo( )"e &6((en) /ea( and )"e *(e8#o6s )"(ee /ea(s9 T"e (e&6((#n: seasona+ )(end &an ;e e<a-#ned a+on: =#)" &o-*a(#sons )o *(e8#o6s /ea(s fo( ea&" -on)"9
  3. 3. TREB MLS2 Ne7 Listings Monthly 7ith Three Previous <ears for Comparison 20,000 2007 2008 2009 2010 18,000 16,000 14,000 12,000 10,000 8,000 6,000 4,000 2,000 0 Source: Toronto Real Estate BoardExplanation* T"#s &"a() *+o)s -on)"+/ 01S3 ne= +#s)#n:s fo( )"e &6((en) /ea( and )"e *(e8#o6s )"(ee /ea(s9 T"e (e&6((#n: seasona+ )(end &an ;e e<a-#ned a+on: =#)" &o-*a(#sons )o *(e8#o6s /ea(s fo( ea&" -on)"9
  4. 4. TREB MLS2 Sales­to­Ne7 Listings Ratio Monthly 7ith Three Previous <ears for Comparison 1.10 2007 2008 2009 2010 1.00 0.90 0.80 0.70 0.60 0.50 0.40 0.30 0.20 0.10 0.00 Source: Toronto Real Estate BoardExplanation* T"#s &"a() *+o)s )"e -on)"+/ 01S3 sa+es>)o>ne= +#s)#n:s (a)#o (S@1A) fo( )"e &6((en) /ea( and )"e *(e8#o6s )"(ee /ea(s9 T"e (e&6((#n: seasona+ )(end &an ;e e<a-#ned a+on: =#)" &o-*a(#sons )o *(e8#o6s /ea(s fo( ea&" -on)"9 C"en )"e S@1A -o8es "#:"e(D ann6a+ a8e(a:e *(#&e :(o=)" :ene(a++/ #n&(eases ! of)en a) a (a)e =e++ a;o8e #nf+a)#on9 C"en )"e S@1A -o8es +o=e(D ann6a+ a8e(a:e *(#&e :(o=)" :ene(a++/ de&+#nes and &an ;e&o-e ne:a)#8e9
  5. 5. TREB MLS2 Average Resale Home Price Monthly 7ith Three Previous <ears for Comparison $460,000 2007 2008 2009 2010 $440,000 $420,000 $400,000 $380,000 $360,000 $340,000 $320,000 $300,000 Source: Toronto Real Estate BoardExplanation* T"#s &"a() *+o)s )"e -on)"+/ 01S3 a8e(a:e "o-e *(#&e fo( )"e &6((en) /ea( and )"e *(e8#o6s )"(ee /ea(s9 T"e (e&6((#n: seasona+ )(end &an ;e e<a-#ned a+on: =#)" &o-*a(#sons )o *(e8#o6s /ea(s fo( ea&" -on)"9
  6. 6. TREB MLS2 Sales Monthly Time Series 7ith Trend Line FIDKKK J&)6a+ 01S3 Sa+es FKDKKK T(end (FI>0on)" 0o8#n: J8e(a:e) NDKKK MDKKK LDKKK IDKKK So6(&eO To(on)o Aea+ Ps)a)e Qoa(dExplanation* T"#s &"a() *+o)s -on)"+/ 01S3 sa+es s#n&e Ean6a(/ FGGH9 T"e ;+6e +#ne s"o=s a&)6a+ sa+es9 T"e ;(o=n +#ne #s )"e )(end &o-*6)ed 6s#n: a FI>-on)" -o8#n: a8e(a:eD ="#&" e<"#;#)s no seasona+ 8a(#a)#ons o( o)"e( #((e:6+a( f+6&)6a)#ons9 J s6;s)an)#a+ &"an:e #n a&)6a+ sa+es -6s) o&&6( )o &"an:e )"e d#(e&)#on of )"e )(end9
  7. 7. TREB MLS2 Ne7 Listings Monthly Time Series 7ith Trend Line IKDKKK J&)6a+ 01S3 @e= 1#s)#n:s FNDKKK FMDKKK T(end (FI>0on)" 0o8#n: J8e(a:e) FLDKKK FIDKKK FKDKKK NDKKK MDKKK LDKKK IDKKK So6(&eO To(on)o Aea+ Ps)a)e Qoa(dExplanation* T"#s &"a() *+o)s -on)"+/ 01S3 ne= +#s)#n:s s#n&e Ean6a(/ FGGH9 T"e ;+6e +#ne s"o=s a&)6a+ ne= +#s)#n:s9 T"e ;(o=n +#ne #s )"e )(end &o-*6)ed 6s#n: a FI>-on)" -o8#n: a8e(a:eD ="#&" e<"#;#)s no seasona+ 8a(#a)#ons o( o)"e( #((e:6+a( f+6&)6a)#ons9 J s6;s)an)#a+ &"an:e #n a&)6a+ ne= +#s)#n:s -6s) o&&6( )o &"an:e )"e d#(e&)#on of )"e )(end9
  8. 8. TREB MLS2 Average Price Monthly Time Series 7ith Trend Line LRHDKKK J&)6a+ 01S3 J8e(a:e T(#&e LIHDKKK T(end (FI>0on)" 0o8#n: J8e(a:e) SRHDKKK SIHDKKK IRHDKKK IIHDKKK FRHDKKK So6(&eO To(on)o Aea+ Ps)a)e Qoa(dExplanation* T"#s &"a() *+o)s -on)"+/ 01S3 a8e(a:e *(#&e s#n&e Ean6a(/ FGGH9 T"e ;+6e +#ne s"o=s )"e a&)6a+ a8e(a:e *(#&e9 T"e ;(o=n +#ne #s )"e )(end &o-*6)ed 6s#n: a FI>-on)" -o8#n: a8e(a:eD ="#&" e<"#;#)s no seasona+ 8a(#a)#ons o( o)"e( #((e:6+a( f+6&)6a)#ons9 J s6;s)an)#a+ &"an:e #n a&)6a+ a8e(a:e *(#&e -6s) o&&6( )o &"an:e )"e d#(e&)#on of )"e )(end9
  9. 9. TREB MLS2 Sales­to­Ne7 Listings Ratio Compared to Average Annual Per Cent Change in Home Price J8e(a:e T(#&e Jnn6a+ Te( Ven) V"an:e F9IK IHU Sa+es>)o>@e= 1#s)#n:s Aa)#o IKU F9KK FHU K9NK (Q(o=n 1#ne) (Q+6e 1#ne) FKU K9MK HU KU K9LK Sa+es>)o>@e= 1#s)#n:s Aa)#o >HU K9IK >FKU J8e(a:e T(#&e Jnn6a+ Te( Ven) V"an:e K9KK >FHU So6(&eO To(on)o Aea+ Ps)a)e Qoa(dExplanation* T"#s &"a() *+o)s )"e -on)"+/ sa+es>)o>ne= +#s)#n:s (a)#o (;+6e +#ne) =#)" /ea(>o8e(>/ea( a8e(a:e ann6a+ *e( &en) *(#&e &"an:e (;(o=n +#ne)9 C"en )"e sa+es>)o>ne= +#s)#n:s (a)#o -o8es "#:"e(D a8e(a:e ann6a+ *e( &en) &"an:e #n "o-e *(#&es :ene(a++/ )(ends "#:"e(9  C"en )"e sa+es>)o>ne= +#s)#n:s (a)#o -o8es +o=e(D a8e(a:e ann6a+ *e( &en) &"an:e #n "o-e *(#&es :ene(a++/ )(ends +o=e(9
  10. 10. TREB Affordability Indicator Share of Average Household Income Used for Mortgage Principal and Interest, Property Taxes and Utilities on the Averaged Priced GTA Resale Home HHU HKU LHU LKU SHU SKU IHU Source* Toronto Real Estate Board Data and CalculationS Statistics CanadaExplanation* This chart plots the share of average household income that goes to7ard mortgage principal and interest, property taxes and utilitiesfor the average priced home in the GTA subject to the follo7ing assumptions*1. Average annual or year­to­date home price as reported by TREB2. 20 per cent do7n payment3. Average 5­year fixed mortgage rate (Statistics Canada)S 25­year amortization4. Average property tax rate reported byVestimated from the Statistics Canada Survey of Household Spending5. Average utilities cost reported byVestimated from the Statistics Canada Survey of Household Spending and components of the Consumer Price Index6. Average household income reported by the Census of Canada. <ears in bet7een Censuses estimated using interpolation (years up to 2005) or annual gro7th in average 7eeYly earnings reported by Statistics Canada in the Labour Force Survey (2006 on7ard).

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