Here are the most recent reports from the Toronto Real Estate Board about the activity in the Condominium resale market...Not to be confused with the New Condo Market which is mostly direct through the builder.
Here is the most recent 4th quarter reports from the Toronto Real Estate Board provided by Richard Silver. Here are the sales and listings of Condominiums or Condos in the Greater Toronto Area. This would include houses, apartments and townhouses...
The document summarizes rental market statistics for the second quarter of 2012 in the Greater Toronto area. It finds that apartment rentals increased 3% year-over-year while listings grew 15%. The average rent for a two-bedroom apartment was $2,088, up 4% from the second year. Strong condo development added to investor-held units on the rental market but demand remained high, keeping vacancy rates low and rents increasing above inflation.
Condominium apartment sales in the Greater Toronto area increased 10.5% in the fourth quarter of 2011 compared to the same period in 2010. The average selling price rose 7% to $336,748. Over 70% of sales occurred in the City of Toronto, where the average price was $361,488, up 7% from 2010. The number of new listings rose 14% compared to fourth quarter 2010, but market conditions remained tight, contributing to price increases.
Here is the most recent Rental Market report from the Toronto Real Estate Board from Richard Silver. This gives you house and condo rentals tipping mostly towards the rental market.
The document provides housing market statistics for the Greater Toronto Area in February 2012. Some key points:
- Housing sales were up 16% and new listings up 11% compared to February 2011. The average selling price rose 11% to $502,508.
- Detached home sales rose 12% with the average price up 13% to $818,815. Condo apartment sales rose 7% with the average price up 4% to $371,334.
- The market remains tight with slightly more than two months of inventory on average. Strong price growth is expected to continue until more listings enter the market.
Toronto real estate statistics December 2011John Helfrich
Toronto Real Estate Market Statistics for December 2011. Focus on East End Toronto Homes and East End Toronto Real Estate. The Toronto Beaches, Riverdale, Leslieville, Danforth Village, East Danforth, Danforth Mosaic
Here is the most recent 4th quarter reports from the Toronto Real Estate Board provided by Richard Silver. Here are the sales and listings of Condominiums or Condos in the Greater Toronto Area. This would include houses, apartments and townhouses...
The document summarizes rental market statistics for the second quarter of 2012 in the Greater Toronto area. It finds that apartment rentals increased 3% year-over-year while listings grew 15%. The average rent for a two-bedroom apartment was $2,088, up 4% from the second year. Strong condo development added to investor-held units on the rental market but demand remained high, keeping vacancy rates low and rents increasing above inflation.
Condominium apartment sales in the Greater Toronto area increased 10.5% in the fourth quarter of 2011 compared to the same period in 2010. The average selling price rose 7% to $336,748. Over 70% of sales occurred in the City of Toronto, where the average price was $361,488, up 7% from 2010. The number of new listings rose 14% compared to fourth quarter 2010, but market conditions remained tight, contributing to price increases.
Here is the most recent Rental Market report from the Toronto Real Estate Board from Richard Silver. This gives you house and condo rentals tipping mostly towards the rental market.
The document provides housing market statistics for the Greater Toronto Area in February 2012. Some key points:
- Housing sales were up 16% and new listings up 11% compared to February 2011. The average selling price rose 11% to $502,508.
- Detached home sales rose 12% with the average price up 13% to $818,815. Condo apartment sales rose 7% with the average price up 4% to $371,334.
- The market remains tight with slightly more than two months of inventory on average. Strong price growth is expected to continue until more listings enter the market.
Toronto real estate statistics December 2011John Helfrich
Toronto Real Estate Market Statistics for December 2011. Focus on East End Toronto Homes and East End Toronto Real Estate. The Toronto Beaches, Riverdale, Leslieville, Danforth Village, East Danforth, Danforth Mosaic
- Housing sales in the Greater Toronto Area decreased 7.1% in October 2012 compared to October 2011, while the average selling price increased 6.2% to $503,479.
- Despite fewer sales, prices continued to rise above the rate of inflation due to low housing supply and ongoing competition between buyers, especially in the market for low-rise homes.
- The annual rate of price growth has been gradually slowing in recent months as the market supply has improved.
Greater Boston Real Estate Market Data, September 2012Unit Realty Group
This document provides a monthly real estate market report for the Greater Boston area. It summarizes key housing metrics for September 2012, including year-over-year changes. Overall, most indicators showed improvement compared to September 2011, with increases in closed sales, pending sales, and decreases in inventory and months of supply. However, median home prices decreased slightly for single-family homes while rising slightly for condominiums. The report also notes potential threats to the housing market from economic factors like job growth and gas prices that could impact consumer confidence.
Toronto real estate statistics july 2011John Helfrich
Toronto Real Estate Market Statistics for July 2011. Focus on East End Toronto Homes and East End Toronto Real Estate. The Beaches, Riverdale, Leslieville, Danforth Village, East Danforth, Danforth Mosaic
- The key Indian stock market indices declined, with the Sensex falling 0.38% and Nifty50 declining 0.37%, led by losses in metal, auto and government sectors.
- Metal stocks like Jindal Steel, Hindalco and Sterlite surged on rising international prices and renewed interest from investors.
- Asian stocks rose after signs of progress in U.S. budget talks, and the Indian markets were expected to open positively following gains in Asia.
The document provides an overview of the commercial real estate market in February 2013. It discusses trends in the retail sector across various Australian regions, noting weaker retail sales growth, increased vacancy rates, and pressure on rental rates in many areas. The outlook for 2013 is cautious, with continued challenges expected from the economic environment and consumer spending.
The document provides a summary and outlook for the Australian commercial and industrial property market in 2012. It discusses that:
1) The Sydney industrial market will continue to see demand shift towards larger warehouse facilities, while smaller warehouses and unit estates will face pressure on rental rates and vacancy due to low business confidence.
2) The Canberra industrial market is generally stable, but saw rents and values fall in late-2011 due to a slowing construction sector. Rents are expected to remain flat in 2012 while investors remain cautious and owner-occupiers support the market.
3) Overall, 2012 will be a challenging year for commercial property as uncertainty remains, but local knowledge will be important to navigate the risks, such as potential
The document summarizes multifamily real estate market performance in the second quarter of 2012. Key points include:
- Occupancy and rent growth remained strong across most markets, fueled by economic challenges encouraging renting over homeownership.
- Transaction volume was robust, totaling $23 billion at mid-year and keeping pace with 2005 levels.
- Competition for assets pushed investors to seek higher yields in secondary and tertiary markets through value-add strategies.
- The outlook anticipates continued strong performance over the next 24 months before slowing as housing challenges are resolved.
The credit market is extremely tight according to this document:
1) Lending rates have increased substantially, with cash flow loans over 15% and ABL loans at LIBOR + 500 to 600 basis points.
2) There is little to no mezzanine lending, DIP financing, or exit financing available as major lenders withdraw from the market.
3) Bank lending standards have tightened more than at any other time in the last 20 years according to the Federal Reserve, and lenders are de-leveraging their balance sheets by selling loan participations.
4) An estimated $46.6 billion of debt securities may need to be liquidated in the near future, further competing for
The Indian stock market snapped a five-day losing streak as the Larsen & Toubro stock surged after positive results. Global risk sentiment and RBI intervention in currency markets provided some stability. Most sector indices closed positively, with capital goods, metals, IT and pharma stocks among the major gainers. Market breadth was higher, with advances outnumbering declines. Asian markets fell sharply on concerns about Greece's political impasse forcing new elections. The Indian rupee weakened against the dollar and euro. Key corporate developments included GAIL setting up a joint venture in Tamil Nadu and Adani Gas hiking CNG and industrial gas prices.
The Swedish economy continues to expand at a brisk pace according to recent data, with confidence increasing in many sectors. However, there are signs that the rate of expansion could slow, as confidence indicators level off and temporary factors like inventory build-up subside. Public finances are benefiting from the economic recovery and reforms, but fiscal policy will face challenges going forward as costs from demographics grow and subsidies are phased out. Exports and government revenues are growing, but inflation is rising and unemployment remains high, making economic policy tricky.
The Indian stock markets declined for the second consecutive week, with the Sensex and Nifty falling 3.2% and 3.1% respectively. Trading was volatile, with the indices falling on 4 of the 5 trading sessions. Weak industrial production data and concerns about the domestic and global economic outlook weighed on investor sentiment. Key factors to watch in the coming week include inflation data, various corporate earnings announcements, the trajectory of the rupee, and economic data from the US. Technical indicators suggest further downside for many scrips if support levels are breached.
The Latvian economy newsletter provides an overview of the real estate market in Latvia. Residential real estate growth is expected to be slow due to high debt levels, low incomes, and weak job growth limiting demand. Commercial property, especially production buildings and warehouses, is seeing stronger growth driven by exporting sectors. While construction declined during the recession, some segments like production facilities are starting to recover as exports increase. Overall, the real estate market recovery remains uneven and demand is weak constrained by economic conditions.
The document provides a monthly real estate market report for the Greater Boston area in December 2012. Key metrics for single-family homes and condominiums are presented, including year-over-year changes in closed sales (+11.8% and +17.5%), median sales prices (+6.8% and +10.3%), housing affordability index (+3.5% and +0.6%), inventory (-37.4% and -44.4%), and months supply (-44.0% and -52.7%). The report concludes that while the housing market recovery is ongoing, continued improvement is needed.
The document contains charts analyzing the Toronto housing market from 2008-2011. It shows trends in MLS sales, new listings, average prices, and the ratio of sales to new listings. The sales to new listings ratio indicates that when it increases, annual price growth generally increases, and when it decreases annual price growth generally declines. Moving averages are also shown to illustrate trends over time despite seasonal fluctuations. Higher sales to new listings ratios correlate with higher annual price growth.
The document summarizes housing market trends in Toronto from January 2011. It includes six charts showing trends over previous years for MLS sales, new listings, sales to new listings ratio, average home price, and affordability. The charts indicate that 2011 trends were consistent with seasonal patterns from previous years for these housing market indicators.
The document contains charts analyzing the Toronto housing market from 2007-2010. It shows trends in MLS sales, new listings, average prices, and sales-to-listing ratios. The ratios indicate that when they increase, average annual price growth increases, and vice versa. The affordability chart shows the percentage of average household income needed for a mortgage, taxes and utilities on an average-priced home, which peaked near 50% in 2010.
The document contains charts summarizing housing market trends in Toronto from 2009-2012. It shows sales, new listings, average prices, and the ratio of sales to new listings have seasonal fluctuations and can be compared year-over-year. Higher sales-to-listing ratios typically correspond to greater price growth. Trend lines show directional changes in sales, listings, and prices over the long term. The affordability indicator charts the percentage of average household income needed for housing costs on a median priced home.
The document contains charts analyzing the Toronto housing market from 2007-2010. It shows trends in MLS sales, new listings, average prices, and sales-to-listing ratios. The ratios indicate that when they increase, average annual price growth increases, and vice versa. The affordability chart shows the percentage of average household income needed for a mortgage, taxes and utilities on an average-priced home, which peaked near 50% in 2010.
This document addresses questions related to the Consent Agreement between CREA and the Competition Tribunal and Ontario's Real Estate and Business Brokers Act (REBBA) of 2002. It clarifies that under the agreement, brokers must be allowed to merely post listings on MLS without providing other services, but all Ontario registrants must still comply with REBBA and its regulations. The questions and answers provide guidance on issues like verifying listing accuracy, obligations to buyers, record keeping for different roles, and advertising requirements.
- Housing sales in the Greater Toronto Area decreased 7.1% in October 2012 compared to October 2011, while the average selling price increased 6.2% to $503,479.
- Despite fewer sales, prices continued to rise above the rate of inflation due to low housing supply and ongoing competition between buyers, especially in the market for low-rise homes.
- The annual rate of price growth has been gradually slowing in recent months as the market supply has improved.
Greater Boston Real Estate Market Data, September 2012Unit Realty Group
This document provides a monthly real estate market report for the Greater Boston area. It summarizes key housing metrics for September 2012, including year-over-year changes. Overall, most indicators showed improvement compared to September 2011, with increases in closed sales, pending sales, and decreases in inventory and months of supply. However, median home prices decreased slightly for single-family homes while rising slightly for condominiums. The report also notes potential threats to the housing market from economic factors like job growth and gas prices that could impact consumer confidence.
Toronto real estate statistics july 2011John Helfrich
Toronto Real Estate Market Statistics for July 2011. Focus on East End Toronto Homes and East End Toronto Real Estate. The Beaches, Riverdale, Leslieville, Danforth Village, East Danforth, Danforth Mosaic
- The key Indian stock market indices declined, with the Sensex falling 0.38% and Nifty50 declining 0.37%, led by losses in metal, auto and government sectors.
- Metal stocks like Jindal Steel, Hindalco and Sterlite surged on rising international prices and renewed interest from investors.
- Asian stocks rose after signs of progress in U.S. budget talks, and the Indian markets were expected to open positively following gains in Asia.
The document provides an overview of the commercial real estate market in February 2013. It discusses trends in the retail sector across various Australian regions, noting weaker retail sales growth, increased vacancy rates, and pressure on rental rates in many areas. The outlook for 2013 is cautious, with continued challenges expected from the economic environment and consumer spending.
The document provides a summary and outlook for the Australian commercial and industrial property market in 2012. It discusses that:
1) The Sydney industrial market will continue to see demand shift towards larger warehouse facilities, while smaller warehouses and unit estates will face pressure on rental rates and vacancy due to low business confidence.
2) The Canberra industrial market is generally stable, but saw rents and values fall in late-2011 due to a slowing construction sector. Rents are expected to remain flat in 2012 while investors remain cautious and owner-occupiers support the market.
3) Overall, 2012 will be a challenging year for commercial property as uncertainty remains, but local knowledge will be important to navigate the risks, such as potential
The document summarizes multifamily real estate market performance in the second quarter of 2012. Key points include:
- Occupancy and rent growth remained strong across most markets, fueled by economic challenges encouraging renting over homeownership.
- Transaction volume was robust, totaling $23 billion at mid-year and keeping pace with 2005 levels.
- Competition for assets pushed investors to seek higher yields in secondary and tertiary markets through value-add strategies.
- The outlook anticipates continued strong performance over the next 24 months before slowing as housing challenges are resolved.
The credit market is extremely tight according to this document:
1) Lending rates have increased substantially, with cash flow loans over 15% and ABL loans at LIBOR + 500 to 600 basis points.
2) There is little to no mezzanine lending, DIP financing, or exit financing available as major lenders withdraw from the market.
3) Bank lending standards have tightened more than at any other time in the last 20 years according to the Federal Reserve, and lenders are de-leveraging their balance sheets by selling loan participations.
4) An estimated $46.6 billion of debt securities may need to be liquidated in the near future, further competing for
The Indian stock market snapped a five-day losing streak as the Larsen & Toubro stock surged after positive results. Global risk sentiment and RBI intervention in currency markets provided some stability. Most sector indices closed positively, with capital goods, metals, IT and pharma stocks among the major gainers. Market breadth was higher, with advances outnumbering declines. Asian markets fell sharply on concerns about Greece's political impasse forcing new elections. The Indian rupee weakened against the dollar and euro. Key corporate developments included GAIL setting up a joint venture in Tamil Nadu and Adani Gas hiking CNG and industrial gas prices.
The Swedish economy continues to expand at a brisk pace according to recent data, with confidence increasing in many sectors. However, there are signs that the rate of expansion could slow, as confidence indicators level off and temporary factors like inventory build-up subside. Public finances are benefiting from the economic recovery and reforms, but fiscal policy will face challenges going forward as costs from demographics grow and subsidies are phased out. Exports and government revenues are growing, but inflation is rising and unemployment remains high, making economic policy tricky.
The Indian stock markets declined for the second consecutive week, with the Sensex and Nifty falling 3.2% and 3.1% respectively. Trading was volatile, with the indices falling on 4 of the 5 trading sessions. Weak industrial production data and concerns about the domestic and global economic outlook weighed on investor sentiment. Key factors to watch in the coming week include inflation data, various corporate earnings announcements, the trajectory of the rupee, and economic data from the US. Technical indicators suggest further downside for many scrips if support levels are breached.
The Latvian economy newsletter provides an overview of the real estate market in Latvia. Residential real estate growth is expected to be slow due to high debt levels, low incomes, and weak job growth limiting demand. Commercial property, especially production buildings and warehouses, is seeing stronger growth driven by exporting sectors. While construction declined during the recession, some segments like production facilities are starting to recover as exports increase. Overall, the real estate market recovery remains uneven and demand is weak constrained by economic conditions.
The document provides a monthly real estate market report for the Greater Boston area in December 2012. Key metrics for single-family homes and condominiums are presented, including year-over-year changes in closed sales (+11.8% and +17.5%), median sales prices (+6.8% and +10.3%), housing affordability index (+3.5% and +0.6%), inventory (-37.4% and -44.4%), and months supply (-44.0% and -52.7%). The report concludes that while the housing market recovery is ongoing, continued improvement is needed.
The document contains charts analyzing the Toronto housing market from 2008-2011. It shows trends in MLS sales, new listings, average prices, and the ratio of sales to new listings. The sales to new listings ratio indicates that when it increases, annual price growth generally increases, and when it decreases annual price growth generally declines. Moving averages are also shown to illustrate trends over time despite seasonal fluctuations. Higher sales to new listings ratios correlate with higher annual price growth.
The document summarizes housing market trends in Toronto from January 2011. It includes six charts showing trends over previous years for MLS sales, new listings, sales to new listings ratio, average home price, and affordability. The charts indicate that 2011 trends were consistent with seasonal patterns from previous years for these housing market indicators.
The document contains charts analyzing the Toronto housing market from 2007-2010. It shows trends in MLS sales, new listings, average prices, and sales-to-listing ratios. The ratios indicate that when they increase, average annual price growth increases, and vice versa. The affordability chart shows the percentage of average household income needed for a mortgage, taxes and utilities on an average-priced home, which peaked near 50% in 2010.
The document contains charts summarizing housing market trends in Toronto from 2009-2012. It shows sales, new listings, average prices, and the ratio of sales to new listings have seasonal fluctuations and can be compared year-over-year. Higher sales-to-listing ratios typically correspond to greater price growth. Trend lines show directional changes in sales, listings, and prices over the long term. The affordability indicator charts the percentage of average household income needed for housing costs on a median priced home.
The document contains charts analyzing the Toronto housing market from 2007-2010. It shows trends in MLS sales, new listings, average prices, and sales-to-listing ratios. The ratios indicate that when they increase, average annual price growth increases, and vice versa. The affordability chart shows the percentage of average household income needed for a mortgage, taxes and utilities on an average-priced home, which peaked near 50% in 2010.
This document addresses questions related to the Consent Agreement between CREA and the Competition Tribunal and Ontario's Real Estate and Business Brokers Act (REBBA) of 2002. It clarifies that under the agreement, brokers must be allowed to merely post listings on MLS without providing other services, but all Ontario registrants must still comply with REBBA and its regulations. The questions and answers provide guidance on issues like verifying listing accuracy, obligations to buyers, record keeping for different roles, and advertising requirements.
The document contains charts summarizing housing market trends in Toronto from 2007-2010. It shows declines in home sales and listings during the recession followed by gradual recovery in 2010. It also charts the ratio of sales to listings, average home prices, and trends over time, finding that price growth correlates with higher sales to listing ratios. Finally, it shows the affordability indicator, measuring the percentage of household income required for mortgage payments, taxes and utilities on an average home.
Richard Silver is a top-ranked real estate salesperson and director with the Toronto Real Estate Board. He has 30 years of experience in real estate and believes that one is never too old to reinvent themselves. Silver is an early adopter of technology and social media, using various online platforms like his website, blog, Twitter, Facebook, LinkedIn and YouTube to market himself and stay connected with his network. He gives a presentation on utilizing different social media tools for real estate professionals and how to establish an online brand and presence.
The condominium apartment market in the Greater Toronto Area saw a 20.5% decline in sales in the third quarter of 2012 compared to the same period in 2011. There were 4,541 condo sales with an average price of $334,204, which was flat compared to the prior year. The large supply of new condo listings, which increased by over 6.5%, contributed to fewer buyer offers and flat prices as buyers had more options to choose from. With the ongoing supply in the market, average condo price growth is expected to lag behind low-rise homes over the next year.
The condominium apartment market in the Greater Toronto Area saw a decline in the fourth quarter of 2012 compared to the same period in 2011. Sales fell 23% to 3,830 units and the average price dipped 1% to $332,410. Strong completions in 2011 and early 2012 led to more listings and moderated price growth as buyers had more options. The rental market saw a rise in transactions and listings, with average rents up year-over-year for one and two bedroom units.
Greater Toronto Area REALTORS® reported 5,793 sales in November 2012 – down by 16 per cent compared to November 2011. “Transactions have been down on a year-over-year basis since June, after being up substantially in the last half of 2011 and the first half of 2012. Some buyers pulled
Toronto real estate statistics january 2012John Helfrich
Toronto Real Estate Market Statistics for January 2012. Focus on East End Toronto Homes and East End Toronto Real Estate. The Toronto Beaches, Riverdale, Leslieville, Danforth Village, East Danforth, Danforth Mosaic.
The document provides home sales data for the Greater Toronto area in June 2012. It reports that home sales were down 5.4% compared to June 2011, with the largest decline in the City of Toronto at 13%. The average home price increased 7.3% to $508,622 compared to June 2011. Low-rise home types such as detached homes and semis drove the price growth in June.
The document summarizes rental market data from the Toronto Real Estate Board for the fourth quarter of 2012. Some key points:
- Rental transactions of condominium apartments through the TorontoMLS system were up 13% in Q4 2012 compared to Q4 2011. Listings were up 18%.
- One and two bedroom units made up the majority of transactions. Average rents for one bedrooms rose 4% and two bedrooms rose 2%.
- While listings grew more than transactions, indicating a better-supplied market, rent increases continued above inflation, suggesting no oversupply.
The document summarizes real estate data for the Greater Toronto Area in April 2012. It reports that home sales were up 18% compared to April 2011, with the strongest growth in single-detached homes which saw a 22% increase. The average home price rose 8.5% year-over-year to $517,556. While price growth was highest for single-detached homes, condominiums saw a more moderate 4% increase. Affordability remains good due to low mortgage rates, though rates are expected to rise in the next two years.
- In September 2012, there were 5,879 home sales through the Toronto Regional Real Estate Board, down 21% from September 2011. However, sales were only down 12.5% when accounting for fewer working days.
- The average selling price in September 2012 was $503,662, an increase of over 8.5% from September 2011. Price growth was strongest for low-rise home types.
- Inventory levels remain low historically, which is contributing to ongoing price growth expected through 2013, especially for low-rise homes.
- Sales of homes in the Greater Toronto Area through the TorontoMLS system were down in December 2012 compared to December 2011, with 3,690 sales versus 4,585. Total sales for all of 2012 were also down compared to 2011, at 85,731 versus 89,096.
- The average selling price in December 2012 was up 6.5% year-over-year to $478,739. The average selling price for all of 2012 was up almost 7% to $497,298.
- Price growth was strongest for low-rise homes like detached houses, semis and townhouses, while sales dipped due to stricter lending guidelines causing some buyers to postpone purchases.
The document provides housing market statistics for the Greater Toronto Area in December 2012 and for all of 2012. It reports that home sales were down year-over-year in December 2012 but that the average home price increased 6.5% to $478,739. For the full year 2012, sales were down slightly from 2011 but the average home price rose almost 7% to $497,298. The summary also indicates that price growth was strongest for detached homes and that market conditions remained tight for these property types.
The document summarizes real estate data for the Greater Toronto area in May 2012. It reports that home sales increased 11% compared to May 2011, with 10,850 transactions. Average home prices rose 6.5% to $516,787. While sales growth was strongest in areas surrounding Toronto, average price growth was driven by the low-rise market segment within the city. Strong competition between buyers for low-rise homes contributed to price increases, but annual price growth is expected to moderate as new listings rise substantially above year-ago levels.
The document summarizes Toronto real estate market statistics for May 2012. It reports that home sales increased 11% compared to May 2011, with 10,850 transactions. Average home prices rose 6.5% to $516,787. Price growth was strongest for low-rise homes, while new listings grew over 20% year-over-year, which may help moderate future price increases if the pace continues. Overall, the Toronto real estate market showed solid sales and price growth in May 2012 compared to the previous year.
Toronto Real Estate Market Update june 2012jefftoleary
The document summarizes Toronto real estate market statistics for May 2012. It reports that home sales increased 11% compared to May 2011, with 10,850 transactions. Average home prices rose 6.5% to $516,787. Price growth was strongest for low-rise homes, while new listings grew over 20% year-over-year, which may help moderate future price increases if the pace continues. Overall, the Toronto real estate market showed solid sales and price growth in May 2012 compared to the previous year.
Below is the latest resale market figures for August in Greater Toronto Area which inlcude both the 416 and 905 region. There has been a reduction in Sales for August from last year at this time however it should be noted that last year was the second highest year in the history of the Toronto Real Estate Board. Personally I continue to be quite bullish about the Toronto market as I am noticing more the ever, a more suburban City turning into a more urban City: Larger population and immigration, making homes more expensive and expanding upward.
- Sales of homes through the TorontoMLS system in August 2012 were down 12.5% compared to August 2011, while new listings were down 5.5%.
- The average selling price in August 2012 was up 6.5% compared to August 2011, driven by a 15% increase in prices of single detached homes in Toronto.
- While sales were down year-over-year, listings also declined, keeping market conditions tight with competition between buyers, especially in the low-rise segment.
The document summarizes residential real estate sales data for the Greater Toronto Area in November 2011. Some key points:
- Total sales in November 2011 were 7,092, up 11% from November 2010. New listings increased 14% year-over-year.
- The average sale price in November was $480,421, an increase of 10% from November 2010.
- By home type, detached homes had the highest average price at $611,364, while condo apartments had the lowest at $338,251.
Toronto real estate statistics november 2011John Helfrich
Toronto Real Estate Market Statistics for November 2011. Focus on East End Toronto Homes and East End Toronto Real Estate. The Beaches, Riverdale, Leslieville, Danforth Village, East Danforth, Danforth Mosaic
Similar to Greater Toronto REALTORS Condo Report for Q2, 2012 (20)
The document summarizes statistics about the Indo-Canadian population in Canada. It states that the number of immigrants from India grew 74% from 2001 to 2011. Approximately 40,000 people of Indian origin immigrate to Canada annually, making up 14% of all immigrants. Over half of Indo-Canadians live in the Greater Toronto Area, with a strong presence in Brampton where they comprise a third of the population. The document also provides comparisons between population statistics in India and Canada.
This document provides guidelines and information for non-resident and new to Canada mortgage applicants. For non-resident purchases, mortgages are restricted to 65% LTV with proof of income or 80% LTV for US owners occupying. A full appraisal and documents signed in Canada are required. New to Canada applicants must have been in Canada for 3-5 years and have permanent resident status to be eligible for insured mortgages up to 95% LTV or uninsured mortgages with a minimum 35% down payment and 12 months of PIT payments available. The document was presented by Hanley Mortgage Group and Oriana Financial.
Richard Silver is a senior vice president of sales at Sotheby's International Realty Canada who leads their Torontoism team. He discussed Toronto's status as one of Canada's largest cities, with a population over 5 million, and its diverse economic sectors focused on finance, commerce, industry, tourism, arts, and sports. Toronto has many top universities and private/public schools and excellent health care/research institutions.
Richard Silver, a senior vice president at Sotheby's International Realty Canada, has extensive experience in real estate as a past director at CREA and president of the Toronto Real Estate Board. He leads the Torontoism Team which is marketing a new construction property in a neighborhood of older Victorians, where the seller wants an off market price given its location in a rougher area, though it is walkable to a business center.
Here are the slides that will be presented at the West Vancouver Sotheby's International Realty Canada office on July 8th, at 11 PM and again presented in Sarasota for Premier Sotheby's in Sarasota Florida, on September 27th and for the Realtor Association of Sarasota and Manatee on September 28th, 2016.
On December 1st, I taught a seminar about why REALTORS® should consider going paperless. The focus of the seminar was on dealing with paperless transactions, involving document creation, electronic signatures, document storage and of course, how to organize the paperless documents. PICRA stands for the PROFESSIONAL IRANIAN CANADIAN REALTOR ASSOCIATION and is a great organization that serves REALTORS in the Toronto marketplace.
A quick update on options that exist in the marketplace for going paperless and using electronic signatures in the sale of property in Ontario, Canada.
Richard Silver presented on going paperless in real estate transactions. He discussed the benefits of electronic documents and signatures for agents, teams, brokers, and associations. This includes increased accessibility, speed, being more environmentally friendly, and improved risk management. Potential concerns include security and getting all parties to adopt electronic processes. Silver recommended tools like Docusign, Instanet, Dropbox, Evernote, Dotloop, Google Drive, and The Paperless Agent to help real estate professionals transition to paperless transactions.
This document discusses various apps that can help real estate agents in their work. It lists apps for staying organized with documents and travel plans, signing documents electronically, managing passwords, accessing files from any device, seeing what clients are searching for, understanding client design interests, keeping up with social media, measuring listing spaces, conducting open houses, translating languages, converting currencies, making international phone calls, expanding an international client network, and maintaining a healthy lifestyle. The document promotes these apps as ways for real estate agents to work more efficiently.
Here are the February 2013 Toronto Housing Market Charts presented by the Toronto Real Estate Board which is the largest Real Estate Association in North America with over 36,000 members. Lots of homes for sale, sold and great three year history of activity!
Over the past 20 plus years I have been a big supporter of Casey House Hospice. The need has never been greater and Toronto's Casey House has come forward as an example of Community, Business and Government working together. Within this 12 page supplement there are stories that will make you laugh and make you cry. I hope you enjoy the read and if you have stories that you can share, please do so.
Yesterday early morning, there was a meeting of the Toronto Condo Network and we had a great discussion about the Toronto Condo market with Consultant N. Barry Lyons who is an expert in what is happening in the Toronto Condo marketplace.
The Hazelton Avenue Heritage Conservation District Plan area is located in the Yorkville Neighbourhood within the City of Toronto. Defined as Areas of Special Identity in the Official Plan, the significant historical and architectural character of the Yorkville Triangle and Scollard Hazelton areas, make it an important part of the City’s rich legacy of neighbourhoods.
The document summarizes housing market data for the Greater Toronto Area (GTA) in January 2013. It reports that home sales were down slightly from January 2012 with 4,375 transactions in 2013 compared to 4,432 in 2012. The average home price rose 4.3% year-over-year to $482,648. By home type, prices increased most for semi-detached homes at 6.8% while condo apartment prices declined slightly by 1.4%. Overall, the real estate market saw a positive start to the new year with modest price gains and continued competition between buyers.
More from Richard Silver, Certified International REALTOR® (20)
The KA Housing - Catalogue - Listing TurkeyListing Turkey
Welcome to KA Housing, a distinguished real estate development nestled in the heart of Eyüpsultan, one of Istanbul’s most promising districts.
Just 10 minutes from the bustling city center, Eyüpsultan offers a serene escape with the convenience of urban living. The direct metro line ensures seamless connectivity to all parts of Istanbul, making it an ideal location for residents who seek both tranquility and vibrancy.
KA Housing boasts unparalleled accessibility, with proximity to Istanbul Airport only 30 minutes away, facilitating easy international travel. Effortless city access is guaranteed by direct metro and transportation links to Istanbul’s cultural and commercial hubs. Quick access to key metro lines connects you to every corner of the city within minutes, making commuting and exploring the city hassle-free.
The development offers luxurious living spaces with a range of unit layouts from 1+1 to 4+1, designed with meticulous attention to detail. Each unit features balconies or terraces, providing stunning vistas of Istanbul and enhancing the living experience. High-quality materials and superior craftsmanship ensure durability and elegance, while sound-proof insulation and high ceilings (2.95 m) offer comfort and sophistication.
Residents of KA Housing enjoy exclusive on-site amenities, including a state-of-the-art gym, outdoor swimming pool, yoga area, and walking paths. Entertainment options abound with a private cinema, children’s playground, and a variety of dining options including a café and restaurant. Security and convenience are paramount with 24/7 security, a dedicated carpark garage, and an IP intercom system.
KA Housing represents a prime investment opportunity with limited availability in a high-demand area, ensuring enduring value and potential for lucrative returns. Homes in this development provide exceptional value without compromising on quality, offering affordable luxury for discerning buyers. The construction is of the highest quality, built to the latest seismic and disaster resistance standards, ensuring safety and resilience.
The community and surroundings of KA Housing are enriched by close proximity to prestigious universities such as Haliç University, Bilgi University, and Istanbul Ticaret University, making it an ideal location for students and academics. The development is adjacent to the Alibeyköy stream leading into the Halic waters, offering serene natural escapes amidst lush greenery. Residents can enjoy the cultural richness of the area, surrounded by historical and cultural landmarks that blend leisure, nature, and culture seamlessly.
https://listingturkey.com/property/the-ka-housing/
The SVN® organization shares a portion of their new weekly listings via their SVN Live® Weekly Property Broadcast. Visit https://svn.com/svn-live/ if you would like to attend our weekly call, which we open up to the brokerage community.
Serviced Apartment Ho Chi Minh For RentalGVRenting
GVRenting is the leading rental real estate company in Vietnam. We help you to find a serviced apartment for rent in Ho Chi Minh & Saigon. Discover our broad range of rental properties in Vietnam.
For more details https://gvrenting.com/
If you're Planning to Build a House in Haldwani, Understanding the House Construction Cost in Haldwani is crucial. It's important to grasp the direct and indirect cost factors entailed in the Construction process before Initiating any work. This Understanding is pivotal for Efficient Budget allocation, allowing you to plan your finances more Effectively. Construction expenses can vary Significantly, Influenced by Diverse Elements such as site Location, raw material prices, Labour charges, and various other variables. Here at Geomatrix, we pride Ourselves on offering competitive rates for house construction in Haldwani, ensuring affordability without Compromising on quality and providing the best options within your budget. For a precise evaluation of the cost involved in constructing your dream home, consult our team of architects and construction experts.
For more information visit:
https://geomatrix.co.in/services/real-estate-project-management-in-haldwani/
At Geomatrix, we Pride Ourselves on our Commitment to Superior Craftsmanship and client satisfaction. Our team Consists of Highly Qualified specialists including Architects, Engineers, project Managers, and skilled labourers who work seamlessly together to achieve ourclients' Objectives. Geomatrix is recognized as the Best Construction Company in Haldwani, Dedicated to bringing visions to life with unparalleled Expertise and Professionalism.
For more information visit:
https://geomatrix.co.in/
Discover Yeni Eyup Evleri 2, nestled among the rising values of Eyupsultan, offering the epitome of modern living in Istanbul.
With its spacious living areas, contemporary architecture, and meticulous details, Yeni Eyup Evleri 2 is poised to be the star of your happiest moments. Situated in the new favorite district of Eyupsultan, claim your spot and unlock the doors to a peaceful life alongside your loved ones. Nestled next to the historical and natural beauties of Eyupsultan, embrace the comfort of modern living and rediscover life.
Social Amenities:
Yeni Eyup 2 offers a life filled with joy with its green landscaping areas, gym, sauna, children’s play areas, café, outdoor pool, and basketball court. Reserve your place for unforgettable moments!
Reliable Structure:
With 1+1, 2+1, and 3+1 apartment options, Yeni Eyup Evleri 2 is designed with first-class materials and craftsmanship. The doors to a safe and comfortable life are here! Choose the option that suits you best and step into your dream home.
Project:
Yeni Eyup 2 is conveniently located, with Istanbul Airport just 26 minutes away, the Mecidiyeköy Metro Line 4 minutes away, and the Tram Stop 5 minutes away, making your life easier with its central location.
Location:
Your home is positioned in a privileged location, providing easy access to the city center, shopping malls, restaurants, schools, and other important places.
Yeni Eyup 2 offers 1+1, 2+1, and 3+1 apartment options designed to meet different needs. Find an option suitable for every lifestyle and open the doors to a comfortable life in your dream home.
https://listingturkey.com/property/yeni-eyup-evleri-2/
Recent Trends Fueling The Surge in Farmhouse Demand in IndiaFarmland Bazaar
Embarking on the journey to acquire a farmhouse for sale is just the beginning; the real investment lies in crafting an environment that contributes to our mental and physical well-being while satisfying the soul. At Farmlandbazaar.com, India’s leading online marketplace dedicated to farm land, farmhouses, and agricultural lands, we understand the importance of transforming a humble farmland into a warm and inviting sanctuary. Let's explore the fundamental aspects that can elevate your farmhouse into a tranquil haven.
Sense Levent Kagithane Catalog - Listing TurkeyListing Turkey
Sense Levent offers a luxurious living experience in the heart of Istanbul’s vibrant Levent district.
This cutting-edge development seamlessly integrates modern design with natural elements, featuring live evergreen plants maintained by an advanced irrigation system, ensuring lush greenery year-round.
The building’s elegant ceramic balconies are both stylish and durable, enhancing the overall aesthetic and functionality. Residents can enjoy the 700m Sky Lounge, which provides breathtaking views of Istanbul and a perfect space to relax and unwind.
Sense Levent promotes a healthy and active lifestyle with a full gym, swimming pool, sauna, and steam room, all available in the building. The interiors are crafted with high-quality materials, ensuring a luxurious and inviting living space.
Designed with young professionals in mind, Sense Levent features 1+1 and 2+1 units with smart floor plans and balconies. The project promises high investment returns, with an expected annual return of 6.5-7%, significantly above Istanbul’s average ROI.
Located in the rapidly growing and highly desirable Levent area, the development benefits from ongoing urban regeneration projects. Its prime location offers proximity to shopping malls, municipal buildings, universities, and public transportation, adding immense value to your investment.
Early investors can take advantage of discounted units during the construction phase, with an expected capital appreciation of +45% USD upon completion. Property Turkey provides comprehensive rental management services, ensuring a seamless and profitable investment experience.
Additionally, robust legal support and significant tax advantages are available through Property Turkey’s licensed Real Estate Investment Fund. Levent is a dynamic urban hub, ideal for young professionals with its numerous corporate headquarters and shopping malls.
Sense Levent is more than just a residence; it’s a place where dreams and opportunities come to life. Contact us today to secure your place in this exclusive development and experience the best of Istanbul living. Sense Levent: Sense the Opportunity. Live the Dream.
https://listingturkey.com/property/sense-levent/
AVRUPA KONUTLARI ESENTEPE - ENGLISH - Listing TurkeyListing Turkey
Looking for a new home in Istanbul? Look no further than Avrupa Konutlari Esentepe! Our beautifully designed homes provide the perfect blend of luxury and comfort, making them the perfect choice for anyone looking for a high-quality home in the city.
With a wide range of apartment types available, from 1+1 to 4+1, we have something to suit every need and budget. Each apartment is designed with attention to detail and features spacious and bright living areas, making them the perfect place to relax and unwind after a long day.
One of the things that sets Avrupa Konutlari Esentepe apart from other developments is our focus on creating a community that is both comfortable and convenient. Our homes are surrounded by lush green spaces, perfect for enjoying a peaceful stroll or having a picnic with friends and family. Additionally, our complex includes a variety of social and recreational amenities, such as swimming pools, sports fields, and playgrounds, making it easy for residents to stay active and socialize with their neighbors.
https://listingturkey.com/property/avrupa-konutlari-esentepe/
AVRUPA KONUTLARI ESENTEPE - ENGLISH - Listing Turkey
Greater Toronto REALTORS Condo Report for Q2, 2012
1. TREB Member Inquiries:
(416) 443‐8152
Media/Public Inquiries:
Second Quarter 2012 (416) 443‐8158
Economic Indicators Condo Prices Grow at Moderate Pace in Q2 Total TorontoMLS
Real GDP Growth i Toronto, July 18, 2012 — Greater Toronto REALTORS® reported 6,435 Condo Apartment Sales1,6
condominium apartment transactions during the second quarter of 2012 –
Q1 2012 1.9%
down by 2.6 per cent compared to 6,609 transactions reported in the second
Toronto Employment Growthi i quarter of 2011. New listings for condominium apartments were up
June 2012 1.6% substantially on a year‐over‐year basis, climbing by 19 per cent in comparison
to 2011.
Toronto Unemployment Rate
“The condominium apartment market has been the best‐supplied market
June 2012 8.6% segment in the GTA this year. Many condominium projects have completed 6,609
6,435
Inflation (Yr./Yr. CPI Growth)
ii over the past year and this has resulted in a substantial increase in listings and
ultimately more choice for buyers,” said Toronto Real Estate Board President
May 2012 1.2% Ann Hannah. “The greater degree of choice in the condo market translated
Bank of Canada Overnight Rate
iii into a moderate rate of price growth compared to what was experienced in
the low‐rise market segment.”
June 2012 1.0% Second Quarter 2012 Second Quarter 2011
iv
The average price for second quarter condominium apartment sales was
Prime Rate $342,212, representing a 3.2 per cent increase over the same period in 2011.
June 2012 3.0%
“Sellers seemed to be well‐aware of condo market conditions in the second
Mortgage Rates (June 2012)
iv quarter. On average, units were priced in line with buyer expectations, with
Chartered Bank Fixed Rates apartments selling for 98 per cent of the asking price in less than a month’s TorontoMLS Average
time,” said Jason Mercer, TREB’s Senior Manager of Market Analysis.
1 Year 3.20% Condo Apartment Price1,6
3 Year 3.95% Condominium Apartment Market Summary
5 Year 5.24%
Second Quarter 2012
Sources and Notes:
i
Statistics Canada, Quarter‐over‐quarter 2012 2011
growth, annualized
Sales Average Price Sales Average Price
$342,212
$331,678
ii
Statistics Canada, Year‐over‐year growth Total TREB 6,435 $342,212 6,609 $331,678
for the most recently reported month
Halton Region 120 $333,032 115 $303,926
iii
Bank of Canada, Rate from most recent Peel Region 994 $264,509 981 $244,038
Bank of Canada announcement
City of Toronto 4,529 $364,303 4,673 $355,645
iv
Bank of Canada, rates for most recently
completed month
York Region 625 $340,875 690 $323,774
Durham Region 158 $217,417 135 $214,125 Second Quarter 2012 Second Quarter 2011
Other Areas 9 $213,411 15 $230,879
3. Toronto Real Estate Board
SUMMARY OF CONDOMINIUM APARTMENT TRANSACTIONS Industrial Leasing
CITY OF TORONTO
SECOND QUARTER 2012
Sales1 Dollar Volume1 Average Price1 Median Price1 New Listings2 Active Listings3 Avg. SP/LP 4 Avg. DOM5
TREB Total 6,435 $2,202,133,124 $342,212 $311,073 13,755 7,009 98% 29
City of Toronto Total 4,529 $1,649,928,179 $364,303 $334,000 10,019 5,140 98% 28
Toronto West 899 $267,809,135 $297,897 $285,000 1,953 1,144 98% 33
Toronto W01 62 $22,578,943 $364,177 $339,000 212 119 100% 23
Toronto W02 50 $20,352,150 $407,043 $380,000 77 28 98% 25
Toronto W03 21 $5,691,900 $271,043 $277,000 32 14 97% 22
Toronto W04 80 $17,221,700 $215,271 $195,500 132 78 97% 32
Toronto W05 94 $17,793,050 $189,288 $168,050 189 129 97% 43
Toronto W06 201 $76,685,744 $381,521 $334,000 522 337 98% 39
Toronto W07 8 $4,169,000 $521,125 $497,550 8 3 101% 20
Toronto W08 235 $74,779,222 $318,209 $297,000 441 217 98% 28
Toronto W09 54 $11,809,538 $218,695 $199,750 133 79 97% 33
Toronto W10 94 $16,727,888 $177,956 $166,250 207 140 97% 35
Toronto Central 2,832 $1,187,635,877 $419,363 $371,700 6,557 3,191 98% 26
Toronto C01 1,064 $449,375,588 $422,345 $377,000 2,641 1,318 98% 26
Toronto C02 101 $79,841,519 $790,510 $655,500 257 169 98% 30
Toronto C03 16 $11,644,781 $727,799 $625,000 41 24 98% 27
Toronto C04 57 $32,769,574 $574,905 $439,000 98 48 98% 25
Toronto C06 29 $10,032,260 $345,940 $338,500 73 45 98% 35
Toronto C07 177 $62,209,728 $351,467 $336,000 409 192 99% 24
Toronto C08 412 $166,058,521 $403,055 $381,000 869 409 99% 23
Toronto C09 37 $21,716,200 $586,924 $529,000 73 29 101% 22
Toronto C10 124 $55,226,100 $445,372 $425,500 227 89 99% 18
Toronto C11 62 $13,438,398 $216,748 $194,500 105 53 98% 28
Toronto C12 21 $16,876,400 $803,638 $518,000 60 31 95% 36
Toronto C13 131 $40,454,175 $308,810 $282,000 222 90 98% 27
Toronto C14 353 $135,526,139 $383,927 $360,000 909 406 98% 24
Toronto C15 248 $92,466,494 $372,849 $330,000 573 288 98% 31
Toronto East 798 $194,483,167 $243,713 $240,000 1,509 805 98% 32
Toronto E01 37 $16,004,350 $432,550 $432,500 70 35 99% 33
Toronto E02 32 $14,722,000 $460,063 $437,500 62 27 100% 18
Toronto E03 35 $9,709,200 $277,406 $187,000 63 35 99% 34
Toronto E04 100 $19,022,250 $190,223 $189,500 212 131 97% 39
Toronto E05 121 $31,094,490 $256,979 $245,000 193 84 98% 26
Toronto E06 9 $3,059,101 $339,900 $336,600 7 3 100% 35
Toronto E07 147 $33,706,996 $229,299 $228,500 223 112 97% 36
Toronto E08 68 $11,966,200 $175,974 $165,350 121 64 97% 36
Toronto E09 166 $41,521,680 $250,131 $248,500 384 216 98% 31
Toronto E10 11 $1,531,000 $139,182 $138,000 19 11 96% 28
Toronto E11 72 $12,145,900 $168,693 $166,000 155 87 97% 31
Page 3
Condo Market Report, Second Quarter 2012 3
4. Toronto Real Estate Board
Condominium Apartment Market Summary1
Share of Total Condo Apartment Sales By TREB Area Condo Apartment Sales by Price Range (All Areas)
2%
2% 0‐199,999
City of Toronto 200K‐299,999
10%
Selling Price Range
300K‐399,999
400K‐499,999
Peel Region
500K‐599,999
15% 600K‐699,999
York Region
700K‐799,999
800K‐899,999
Durham Region 900K‐999,999
70% 1,000,000+
Halton Region
Number of Sales
Source: TREB Source: TREB
Share of Total Condo Apartment Sales By Bedroom Type Condo Apartment Price by Bedroom Type (All Areas)
1% (All Areas)
$450,000
8% Average Selling Price
Bachelor $400,000
18% Median Selling Price
$350,000
18% One Bedroom $300,000
$250,000
One Bedroom +
$200,000
Den
Two Bedroom $150,000
21% $100,000
Two Bedroom + $50,000
Den $0
34% Three Bedroom + Bachelor
One One Two Two Three Total
Bedroom Bedroom Bedroom Bedroom Bedroom
Source: TREB Source: Toronto Real Estate Board + Den + Den +
Page 3
Condo Market Report, Second Quarter 2012 4
5. Toronto Real Estate Board
Sub‐Market Breakdown: Downtown Core1
Condo Apartment Sales by Price Range (Downtown Core)
0‐199,999
200K‐299,999
Selling Price Range
300K‐399,999
400K‐499,999
500K‐599,999
600K‐699,999
700K‐799,999
800K‐899,999
900K‐999,999
1,000,000+
Number of Sales
Source: TREB
Condo Apartment Price by Bedroom Type (Downtown Core) Condo Apartment Sales By Bedroom Type (Downtown Core)
$900,000
Bachelor 56
$800,000 Average Selling Price
$700,000 Median Selling Price One Bedroom 428
$600,000
$500,000 One Bedroom + Den 486
$400,000
Two Bedroom 319
$300,000
$200,000 Two Bedroom +
168
Den
$100,000
$0 Three Bedroom + 19
Bachelor One One Two Two Three Total
Bedroom Bedroom Bedroom Bedroom Bedroom 0 100 200 300 400 500 600
Source: Toronto Real Estate Board + Den + Den + Source: TREB
Page 3
Condo Market Report, Second Quarter 2012 5
6. Toronto Real Estate Board
Sub‐Market Breakdown: North York City Centre1
Condo Apartment Sales by Price Range (North York City
Centre)
0‐199,999
200K‐299,999
Selling Price Range
300K‐399,999
400K‐499,999
500K‐599,999
600K‐699,999
700K‐799,999
800K‐899,999
900K‐999,999
1,000,000+
Number of Sales
Source: TREB
Condo Apartment Price by Bedroom Type (North York Condo Apartment Sales By Bedroom Type (North York
City Centre) City Centre)
$500,000 Bachelor 7
Average Selling Price
$450,000
$400,000 Median Selling Price One Bedroom 105
$350,000
$300,000 One Bedroom + Den 101
$250,000
$200,000 Two Bedroom 172
$150,000
Two Bedroom +
$100,000 105
Den
$50,000
$0 Three Bedroom + 40
Bachelor One One Two Two Three Total
Bedroom Bedroom Bedroom Bedroom Bedroom 0 50 100 150 200
Source: Toronto Real Estate Board + Den + Den + Source: TREB
Page 3
Condo Market Report, Second Quarter 2012 6
7. Toronto Real Estate Board
Sub‐Market Breakdown: Mississauga City Centre1
Condo Apartment Sales by Price Range (Mississauga City
Centre)
0‐199,999
200K‐299,999
Selling Price Range
300K‐399,999
400K‐499,999
500K‐599,999
600K‐699,999
700K‐799,999
800K‐899,999
900K‐999,999
1,000,000+
Number of Sales
Source: TREB
Condo Apartment Price by Bedroom Type (Mississauga Condo Apartment Sales By Bedroom Type (Mississauga
City Centre) City Centre)
$450,000 Bachelor 2
Average Selling Price
$400,000
Median Selling Price One Bedroom 42
$350,000
$300,000
One Bedroom + Den 84
$250,000
$200,000
Two Bedroom 87
$150,000
$100,000 Two Bedroom +
92
Den
$50,000
$0 Three Bedroom + 8
Bachelor One One Two Two Three Total
Bedroom Bedroom Bedroom Bedroom Bedroom 0 20 40 60 80 100
Source: Toronto Real Estate Board + Den + Den + Source: TREB
Page 3
Condo Market Report, Second Quarter 2012 7
8. Toronto Real Estate Board
New Home Market
Toronto CMA Condominium Apartment Completions More Supply Resulted in More Moderate Rate of Price Growth
(Annualized, 12‐Month Moving Average)
• The trend for active condominium apartment listings generally follows
20,000 the trend for condominium apartment completions, but with a lag
18,000
16,000
(bottom left chart).
14,000 • Condo completions continued to trend strongly in the second quarter,
12,000 but were off the 2011 peak (top left chart). This suggests that active
10,000
listings could trend lower in the second half of 2012 or into 2013.
8,000
6,000 • The condo market has been well‐supplied with listings so far in 2012.
4,000 As buyers have benefitted from more choice, the annual rate of
2,000
increase for the median condo apartment price has moderated
0
(bottom right chart).
Source: CMHC; TREB Adjustment
Condominium Apartment Completions and Condominium Apartment Sales‐to‐Active Listings Ratio and
MLS® Active Listings (Annualized Trend) Median Price Growth (All Areas)
70% Annual Median Price Change (Right Scale) 25%
25,000
Annual Median Price Growth
Sales‐to‐Active Listings Ratio
60% Sales‐to‐Active Listings Ratio (Left Scale) 20%
20,000 50% 15%
15,000 40% 10%
30% 5%
10,000
20% 0%
5,000 Completions Active Listings 10% ‐5%
0 0% ‐10%
Source: Toronto Real Estate Board; CMHC Source: Toronto Real Estate Board
Page 3
Condo Market Report, Second Quarter 2012 8
9. Toronto Real Estate Board
Rental Market Summary
Number of Units Listed Average Rents Increase in the Second Quarter
Q2 2012 vs. Q2 2011
3,000
• Both the number of units listed for rent and the number of rental
2012 2011 transactions increased in the second quarter of 2012 compared to the
2,500 same period in 2011. However, the rental market became better
supplied as growth in listed units outstripped growth in transactions.
2,000
• Investor‐held units in newly completed condominium apartment
1,500 projects have been a key source of supply in the GTA rental market.
1,000 • While prospective renters experienced more choice in the second
quarter compared to 2011, condo rental market conditions remained
500
tight enough to exert upward pressure on average rents.
0
Downtown Core North York City Centre Mississauga
Source: TREB
Number of Units Rented Average One‐Bedroom Rents
Q2 2012 vs. Q2 2011 Q2 2012 vs. Q2 2011
2,500 $2,000
2012 2011 2012 2011
2,000 $1,600
1,500 $1,200
1,000 $800
500 $400
0 $0
Downtown Core North York City Centre Mississauga All TREB Downtown Core North York City Mississauga
Centre
Source: TREB Source: TREB
Page 3
Condo Market Report, Second Quarter 2012 9
10. Toronto Real Estate Board
Share of GTA Condo Industrial Leasing
Apartments In Rental
23.6%
19.9%
18.4%
12.8%
12.0%
Halton Peel Toronto York Durham
Source: CMHC, 2011 Fall Rental Market Survey
GTA Condo Apartment
Vacancy Rate
1.3%
0.8%
NOTES
1
Sales, dollar volume, average sale prices and median sale prices are based on firm transactions entered into the TorontoMLS system between the first
and last day of the quarter being reported.
2
New listings entered into the TorontoMLS system between the first and last day of the quarter being reported.
0.3% 3
Active listings as of the end of the last day of the quarter being reported.
0.3% 4
Ratio of the average selling price to the average listing price for firm transactions entered into the TorontoMLS system between the first and last day of
the quarter being reported.
5
Average number of days on the market for firm transactions entered into the TorontoMLS system between the first and last day of the quarter being
Halton Peel Toronto York Durham reported.
6
Past monthly and year‐to‐date figures are revised monthly.
Source: CMHC, 2011 Fall Rental Market Survey Page 3
Condo Market Report, Second Quarter 2012 10