"“Even after accounting for the leap year day, sales were above the previous record
for February set back in 2010. Sales were up strongly from the 15th day of the month
onward as well, despite the new federal mortgage lending guidelines coming into
effect that require at least a 10 per cent down payment on the portion of purchase
prices between $500,000 and $1,000,000,” said Mr. McLean."
1. Toronto Employment
Growth
January 2016 4.8%
Month February 2016
1 Year
3 Year
5 Year
3.14%
3.39%
4.64%
February 2016
1 Year
3 Year
5 Year
--
--
--
Market Watch
For All TREB Member Inquiries:
(416) 443-8158
For All Media/Public Inquiries:
(416) 443-8152
Record February Sales
TORONTO, March 3, 2016 – Toronto Real Estate Board President Mark McLean
announced Greater Toronto Area REALTORS® reported a record number of home
sales through TREB’s MLS® System in February 2016. There were 7,621
transactions reported this past February – up 21.1 per cent compared to February
2015.
The number of new listings entered into TREB’s MLS® System was also up on a
year-over-year basis, but by a lesser 8.2 per cent. The fact that the annual rate of
sales growth outstripped the annual rate of price growth shows a tightening of market
conditions compared to last year.
“Even after accounting for the leap year day, sales were above the previous record
for February set back in 2010. Sales were up strongly from the 15th day of the month
onward as well, despite the new federal mortgage lending guidelines coming into
effect that require at least a 10 per cent down payment on the portion of purchase
prices between $500,000 and $1,000,000,” said Mr. McLean.
Seller’s market conditions continued throughout the GTA in February. Strong
competition between buyers resulted in a healthy growth in selling prices. The MLS®
Home Price Index (HPI) Composite Benchmark was up by 11.3 per cent year-over-
year. The average selling price was up by 14.9 per cent annually to $685,278.
“Recent polling conducted for TREB by Ipsos suggested that GTA households will
remain upbeat about purchasing a home in 2016. Early sales results for January and
February certainly support this view. With strong sales up against a constrained
supply of listings, home prices continued to trend strongly upward,” said Jason
Mercer, TREB’s Director of Market Analysis.
TREB MLS® Sales Activity
7,621
6,294
February 2016 February 2015
TREB MLS® Average Price
$685,278
$596,320
February 2016 February 2015
Year-Over-Year Summary
2016 2015 % Chg.
Sales
New Listings
Active Listings
Average Price
Average DOM
7,621 6,294 21.1%
11,275 10,421 8.2%
10,902 12,793 -14.8%
$685,278 $596,320 14.9%
21 23 -8.7%
Sources and Notes:
i - Statistics Canada, Quarter-over-quarter
growth, annualized
ii - Statistics Canada, Year-over-year
growth for the most recently reported
month
iii - Bank of Canada, Rate from most
recent Bank of Canada announcement
iv - Bank of Canada, Rates for most
recently completed month
Real GDP Growth
Q4 2015 0.8%
Toronto Unemployment
Rate
January 2016 7.1%
Inflation Rate (Yr./Yr. CPI
Growth)
January 2016 2.0%
Bank of Canada Overnight
Rate
February 2016 - 0.50%
Prime Rate
February 2016 - 2.70%
Economic Indicators
Metrics Sales Average Price
416 905 Total 416 905 Total
2016
Detached
Semi - Detached
Townhouse
Condo Apartment
855 2,772 3,627 $1,211,459 $816,705 $909,761
239 486 725 $848,835 $534,476 $638,106
253 849 1,102 $578,667 $493,092 $512,739
1,439 607 2,046 $435,579 $327,086 $403,392
Sales & Average Price By Major Home Type
February 2016
February 2016
i
ii
ii
iii
iv
Detached
Semi - Detached
Townhouse
Condo Apartment
16.3% 17.4% 16.1%
20.7% 12.7% 16.1%
13.9% 13.8% 13.7%
17.8% 1.6% 13.4%
Detached
Semi - Detached
Townhouse
Condo Apartment
11.8% 23.1% 20.3%
21.9% 21.8% 21.8%
11.0% 18.1% 16.4%
25.6% 26.7% 25.9%
1,7
1,7
1,7
1,7
Year-Over-Year Per Cent Change
Mortgage Rates
2. Toronto Real Estate Board
Market Watch, February 2016
SALES BY PRICE RANGE AND HOUSE TYPE FEBRUARY 2016
2
Price Range Detached Semi-Detached Att/Row/Twnhouse Condo Townhouse Condo Apt Link Co-op Apt Det Condo Co-ownership Apt Total
$0 to $99,999
$100,000 to $199,999
$200,000 to $299,999
$300,000 to $399,999
$400,000 to $499,999
$500,000 to $599,999
$600,000 to $699,999
$700,000 to $799,999
$800,000 to $899,999
$900,000 to $999,999
$1,000,000 to $1,249,999
$1,250,000 to $1,499,999
$1,500,000 to $1,749,999
$1,750,000 to $1,999,999
$2,000,000+
0 0 0 0 11 0 0 0 0 11
10 0 2 12 89 0 1 0 1 115
50 9 5 63 561 0 2 1 3 694
154 45 66 155 642 14 1 0 2 1,079
352 158 181 159 365 24 2 1 2 1,244
481 216 113 61 153 11 0 1 0 1,036
531 122 89 23 94 16 0 0 0 875
481 66 74 17 57 15 1 0 0 711
336 41 38 10 22 18 0 0 0 465
249 24 10 3 14 3 0 0 0 303
334 15 8 4 18 2 0 0 0 381
247 9 4 3 7 0 0 0 0 270
131 10 1 0 3 0 0 0 0 145
96 3 0 1 5 0 0 0 0 105
175 7 0 0 5 0 0 0 0 187
Price Range Detached Semi-Detached Att/Row/Twnhouse Condo Townhouse Condo Apt Link Co-op Apt Det Condo Co-ownership Apt Total
$0 to $99,999
$100,000 to $199,999
$200,000 to $299,999
$300,000 to $399,999
$400,000 to $499,999
$500,000 to $599,999
$600,000 to $699,999
$700,000 to $799,999
$800,000 to $899,999
$900,000 to $999,999
$1,000,000 to $1,249,999
$1,250,000 to $1,499,999
$1,500,000 to $1,749,999
$1,750,000 to $1,999,999
$2,000,000+
0 0 0 0 14 0 0 0 0 14
15 2 2 29 149 0 2 0 1 200
96 21 10 122 966 1 5 1 5 1,227
271 71 103 269 1,053 24 2 0 3 1,796
581 289 300 256 570 35 3 1 2 2,037
799 355 202 96 252 22 0 1 0 1,727
881 195 162 32 144 28 0 0 0 1,442
731 98 104 30 75 25 1 0 0 1,064
531 60 51 12 33 26 1 1 0 715
368 32 12 4 21 7 0 0 0 444
514 21 10 11 32 2 0 0 0 590
356 10 8 3 12 0 0 0 0 389
199 10 1 0 6 0 0 0 0 216
133 4 0 1 6 0 0 0 0 144
257 8 0 0 8 0 0 0 0 273
SALES BY PRICE RANGE AND HOUSE TYPE YEAR-TO-DATE, 2016
Total Sales
Share of Total Sales
Average Price
3,627 725 591 511 2,046 103 7 3 8 7,621
47.6% 9.5% 7.8% 6.7% 26.8% 1.4% 0.1% 0.0% 0.1% 100.0%
$909,761 $638,106 $575,306 $440,376 $403,392 $615,549 $399,643 $431,000 $287,750 $685,278
Total Sales
Share of Total Sales
Average Price
5,732 1,176 965 865 3,341 170 14 4 11 12,278
46.7% 9.6% 7.9% 7.0% 27.2% 1.4% 0.1% 0.0% 0.1% 100.0%
$886,639 $611,419 $566,714 $428,273 $396,872 $612,448 $375,321 $541,500 $278,818 $664,533
1,7
1,7
27. Toronto Real Estate Board
Market Watch, February 2016
HISTORIC ANNUAL STATISTICS
27
Year Sales Average Price
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
83,501 $315,231
84,145 $335,907
83,084 $351,941
93,193 $376,236
74,552 $379,347
87,308 $395,460
85,545 $431,276
89,096 $465,014
85,496 $497,130
87,049 $522,958
92,782 $566,624
2015 MONTHLY STATISTICS
NOTES
1 - Sales, dollar volume, average sale prices and median sale prices are based on firm transactions entered into the TREB MLS® system between the
first and last day of the month/period being reported.
2 - New listings entered into the TREB MLS® system between the first and last day of the month/period being reported.
3 - Active listings at the end of the last day of the month/period being reported.
4 - Ratio of the average selling price to the average listing price for firm transactions entered into the TREB MLS® system between the first and last day
of the month/period being reported.
5 - Average number of days on the market for firm transactions entered into the TREB MLS® system between the first and last day of the month/period
being reported.
6 - Due to past changes to TREB's service area, caution should be exercised when making historical comparisons.
7 - Past monthly and year-to-date figures are revised on a monthly basis.
8 - SNLR = Sales-to-New Listings Ratio. Calculated using a 12-month moving average (sales/new listings).
9 - Mos. Inv. = Months of Inventory. Calculated using a 12-month moving average (active listings/sales).
2016 MONTHLY STATISTICS
*For historic annual sales and average price data over a longer time frame go to:
January
February
March
April
May
June
July
August
September
October
November
December
Year to Date
4,657 $630,584
7,621 $685,278
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
12,278 $657,931
January
February
March
April
May
June
July
August
September
October
November
December
Annual
4,318 $552,925
6,294 $596,320
8,888 $613,875
11,255 $636,089
11,640 $649,648
11,907 $639,300
9,813 $608,875
7,946 $603,451
8,149 $627,818
8,760 $630,213
7,339 $632,908
4,921 $608,644
101,230 $622,116
1,6,7
1,7
1,7
http://www.torontorealestateboard.com/market_news/market_watch/historic_stats/p
df/TREB_historic_statistics.pdf
Copyright® 2016 Toronto Real Estate Board
$664,53312,278