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Toronto Real Estate
Monthly Charts
Creative Commons license
Scott Ingram
CPA, CA, MBA
Realtor
Chalmers House
by Blok 70
June
2017
Toronto Real Estate
Monthly Market Charts
Introduction
You read sales last month were up x% over last year. What does that really mean??
Was last year a down year, an average year, or a record year? Is that GTA number
you’re seeing driven by the 416 or the 905? Is there a clear trend? The charts that follow
will add context and perspective to Toronto’s monthly real estate statistics. My focus is
the 416, so I pull those numbers out of TREB’s regionally-focused information.
I also separate Toronto’s two distinct market segments: houses and condos, because
lumping them together obscures a lot of information, and you are probably more
interested in one than the other. With segmentation and some historical context, I aim
to give you a clearer vision of market movements and trends.
 $112K YoY
+9.7%
 $100K MoM
-7.3%
Toronto Real Estate
June 2017 Quick Facts
Source for all numbers: Toronto Real Estate Board (TREB) “Historic Housing Stats” (monthly information back to January 1996), Scott Ingram
- Cooling in Houses started mid-April,
accelerated in May, continued in June
- MoM price decline not unusual from
May to June (last 10 years in a row), but
this was largest % drop. As in May, also
due to less detached in the mix.
- Active Listings declined MoM, but all
indicators pointed towards cooling
Both markets cooling but houses more so
⌂
 $100 YoY
+21.8%
 $13K MoM
-2.2%
- Condo market more buoyant than
houses in most stats, though still cooling
- Low inventory holding condo market up.
Active listings still way down ( 42% from
5-year norms) and 37% sold over asking.
- Hot first 4 months mean YTD transactions
still  3% YoY despite drop-off in May and
June (2016 was all-time high at 23.7K)
Detached $1,387K / Semi $987K / Row $984K
June vs. ‘16: $112K (9.7%)
June vs. ‘12: $539K (74%)
5 year avg. annual growth: 11.7%
- May to Jun MoM  10 yrs in row, but -7.3% is largest
- Mix at Apr peak was 74.4% Detached, Jun at 70.8%
- MoM: Detached -4.7%, Semi -3.8%, Row -6.5%
416 Average Sold Price
(Dollar volume ÷ number of transactions in the month)
century21.ca/scott.ingram
Condo Apt $553K / Condo Townhouse $606K
June vs. '16: $100K (21.8%)
June vs. '12: $1901K (52%)
5 year avg. annual growth: 8.7%
- MoM -2.2%: Apt -2.1%, Townhouse -3.3%
958
1,110
1,074
1,156 1,170 1,157
1,104 1,096
1,183 1,187
1,221
1,165
1,217
1,4381,430
1,453
1,370
1,270
600
700
800
900
1,000
1,100
1,200
1,300
1,400
1,500
1,600
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
$000s Houses (Detached & Semi & Row)
2012 2013 2014 2015 2016 2017
421
444
428
452 456 459
438
459 462
474 484 476485
524
562
589
572
559
200
250
300
350
400
450
500
550
600
650
700
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
$000s Condos (Apt & Town)
2012 2013 2014 2015 2016 2017
416 Residential Sales Volume
(number of sold transactions in the month)
century21.ca/scott.ingram
June vs. '16: 42.0% (vs. Prior 5 years: 36%)
YTD vs. '16: 16.6%
- Prior 5 years stayed within 4% of the average 5-year
volume as 416 houses essentially have a fixed supply
- Apr lowest since 2009, May sales lowest since 2000,
Jun lowest going back to 1996 (start of monthly data)
June vs. '16: 22.3% (vs. Prior 5 years: 2% )
YTD vs. '16: 2.9%
- YTD was +21% after March, then 15%, 9%, now 3%.
- Still 3rd highest June sales ever.
- May or June are usually the peak Condo sales months,
so interesting if this year peaks in April
1,889
2,102 2,066
1,320
1,162
1,508 1,532
1,393
714
624
1058
1650
1704
1613
1198
0
1,000
2,000
3,000
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Houses (Detached & Semi & Row)
2012 2013 2014 2015 2016 2017
1,000
1,609
2,066
2,297
2,468 2,472
2,134
2,217
2,039
2,143
1,937
1,350
1254
1817
2569
2407
2286
1921
0
1,000
2,000
3,000
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Condos (Apt & Town)
2012 2013 2014 2015 2016 2017
416 Active Listings
(snapshot of properties available for sale at end of each month)
century21.ca/scott.ingram
May vs. '16: 97.5% (vs. Prior 5 years: 19%)
YTD vs. '16: 26.1%
- Grew quickly from March to May, but decreased in
June, as is the seasonal norm, and back to within
recent 6 year ranges.
- Still not a record by any stretch. 2013 was higher
(2,961) and that year house prices increased 17%
May vs. '16: 23.9% (vs. Prior 5 years: 42%)
YTD vs. '16: 46.9%
- Active listings are moving back towards last year’s
levels, but are still very low – about 2,200 listings less
than prior 5 year average
1,168
1,300 1,392 1,452
1,633
1,456
1,283
1,119
1,629 1,612
1,307
599679
836
1228
2034
2941 2876
0
1,000
2,000
3,000
4,000
5,000
6,000
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Houses (Detached & Semi & Row)
2012 2013 2014 2015 2016 2017
3,491
3,718
4,028
4,177 4,249
4,041
3,608
3,134 3,111
2,791
2,203
1,3971529 1443 1546
2148
2854
3074
0
1,000
2,000
3,000
4,000
5,000
6,000
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
416 Active Listings - Condos
2012 2013 2014 2015 2016 2017
416 Monthly Change in Active Listings
(net change in snapshot of properties available for sale at end of each month)
century21.ca/scott.ingram
June vs. May avg change 2012-16: -126
- MoM changes in Active Listings have followed pretty
steady patterns with houses
- After hugely out of character rises in April and May
(5th and 4th highest MoM increases back to 1996),
appear to be back to seasonal norms
- Dropped a lot in 2nd half of June (was + mid-month)
June vs. May avg change 2012-16: +24
- At high part of range of recent history (highest since
234 in 2012) but appears back on trend
- Above trend would be good as still shortage of Active
Listings
80
157
392
806
907
-65
(1,500)
(1,000)
(500)
0
500
1,000
1,500
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Houses (Detached & Semi & Row)
2012 2013 2014 2015 2016 2017
132
-86
103
602
706
220
(1,500)
(1,000)
(500)
0
500
1,000
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Condos (Apt & Town)
2012 2013 2014 2015 2016 2017
416 Months Of Inventory
(active listings at month end ÷ sales for month)
May vs. '16: 1.7 months (241%)
May vs. Prior 5 years:  1.1 months (81%)
- MOI has risen rapidly in last three months. June breaks
28 months straight < 2.0.
- Highest June since 2.6 in 2010 (June avg since 1996 =
2.0, all-month avg = 2.2)
May vs. '16: 0.0 months (2%)
May vs. Prior 5 years: 1.2 months (44%)
- 4th month in a row Condo MOI < House (last time was
Dec ’08). Difference of 0.8 is 3rd highest gap from 1996.
- MOI is rising, but 1.6 is a record low for Jun.
- Below 2.0 months for 16 consecutive months (record).
Last time under 2.0 was Jan 2009.
1.7
1.1
0.9
0.8 0.8 0.7
1.0 1.0 1.1 1.1 0.9 0.8
1.1
0.8
0.7
1.2
1.8
2.4
0.0
1.0
2.0
3.0
4.0
5.0
6.0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Houses (Detached & Semi & Row)
2012 2013 2014 2015 2016 2017
3.5
2.3
1.9
1.8 1.7 1.6 1.7
1.4 1.5
1.3
1.1 1.0
1.2
0.8
0.6
0.9
1.2
1.6
0.0
1.0
2.0
3.0
4.0
5.0
6.0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Condos (Apt & Town)
2012 2013 2014 2015 2016 2017
416 Average Days On Market
(Days from listed to sold, for those properties sold during the month)
century21.ca/scott.ingram
June vs. '16:  3.4 days (33%)
June vs. Prior 5 years:  0.9 days (6%)
- Note: This statistic has become a lot less meaningful
with the recent massive increase in terminations and
re-listings of the same property. Only the DOM for the
listing that finally sells is counted by TREB.
June vs. '16:  7.2 days (32%)
June vs. Prior 5 years:  11.3 days (43%)
- Terminations epidemic not as prevalent in condos so
DOM a little more useful in condos
- DOM has risen last 2 months, but still a week less than
last year – and way below 38 average since 1996
24
15
13
11 12
10
13
15
12 12
14
18
17
12
9 8
10
14
0
10
20
30
40
50
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Houses (Detached & Semi & Row)
2012 2013 2014 2015 2016 2017
39
31
24 23
22 22 23
24
23
21 21
23
22
16
12
10
12
15
0
10
20
30
40
50
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Condos (Apt & Town)
2012 2013 2014 2015 2016 2017
416 Sold Over Asking
(Sold properties at ≥101% of asking price and Sold at ≥120%, as percent of total monthly sales)
century21.ca/scott.ingram
101% over asking June vs. '16:  32 pp (solid lines)
120% over asking June vs. '16:  14 pp (dashed lines)
- House SOA continued to drop off from March highs,
accelerating through May and June
- Anecdotally, less agents are attempting the holding
offers strategy
101% over asking June vs. '16:  15 pp (solid lines)
120% over asking June vs. '16:  3 pp (dashed lines)
- Condo peak one month after house peak
- Condo SOA (37%) was higher than House SOA (35%),
which has to be a first
40%
53%
58%
66%
68% 67%
57% 58%
63%
60%
53%
44%
59%
73%
80%
78%
59%
35%
6%
10% 12%
18%
21% 19%
15% 14%
16% 15% 15%
11%
18%
38%
45%
36%
17%
5%0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
416 Sold Over Asking - Houses
2016 2017 2016 20% OA 2017 20% OA
over asking
20% over asking
10%
12%
16%
20%
24%
22% 20% 20%
24%
26% 27% 26%
41%
54%
71%
74%
58%
37%
0% 1% 1% 1% 1% 1% 1% 1% 1% 1%
3%
7%
20% 21%
9%
3%
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
416 Sold Over Asking - Condos
2016 2017 2016 20% OA 2017 20% OA
416 Annual Price Increases
(December vs. prior December average price, and current month 2017 compared to Dec 2016)
century21.ca/scott.ingram
20 year House performance: 18 years 2 years (Avg $51K). 20 year CAGR (as at current month) is 6.5%.
20 year Condo performance: 18 years 2 years (Avg $20K). 20 year CAGR (as at current month) is  5.0%.
19
46
(11)
27 36
2
49
10 12
130
(51)
57
40
22
33
117
54
105
210
105
2
19 12 20 12 3
19
7 11
42
(34)
60
20
4
(6)
29
17 22
65
83
(100)
(50)
0
50
100
150
200
250
'98 '99 '00 '01 '02 '03 '04 '05 '06 '07 '08 '09 '10 '11 '12 '13 '14 '15 '16 '17
YTD
$000s $ Increases
Houses Condos
7%
17%
(3%)
9% 11%
1%
13%
2% 3%
29%
(9%)
11%
7%
3% 5%
17%
7%
12%
22%
9%
2%
12%
7%
11%
6%
2%
9%
3% 4%
17%
(12%)
23%
6%
1%
(2%)
9%
4% 6%
16%
17%
-20%
-10%
0%
10%
20%
30%
40%
'98 '99 '00 '01 '02 '03 '04 '05 '06 '07 '08 '09 '10 '11 '12 '13 '14 '15 '16 '17
YTD
% Increases
Houses Condos
416 Market Breakdown
1 year ago: Condos 56% / Houses 43%
5 years ago: Condos 51% / Houses 48%
10 years ago: Condos 46% / Houses 53%
20 years ago: Condos 34% / Houses 64%
As the supply of houses is essentially fixed, and more new
condos are completed, transaction share should keep
shifting towards condos. Also, condos are often a “starter
home” and not held onto as long on average as houses.
While houses were only 41% of sales transaction volume,
in 2016, they accounted for 64% of dollar volume.
Detached
73%
Semi
20%
Row
7%
Share of House Transactions - last 12 months
Apartment
89%
Townhouse
11%
Share of Condo Transactions - last 12 months
Houses
39%
Condos
60%
Share of Transactions - last 12 months
Your home is the single largest investment you'll make — trust it with an accountant.
I take a “Moneyball” approach to real estate, believing in the importance of both
quantitative and qualitative trends – especially in this rapidly shifting real estate market.
After having built up 20 years of trust as an accountant in Toronto's art and music
communities, I now combine my analytical skills and business savvy with my hometown
knowledge and passion to help people like you find their next home. I work with the
venerable CENTURY 21 brand at the Regal Realty Inc. brokerage on Queen St. West.
@areacode416 century21.ca/scott.ingram
Click for more fresh statistics and insight on Toronto real estate:

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June 2017 - Major drop in sales: Toronto real estate market charts

  • 1. Toronto Real Estate Monthly Charts Creative Commons license Scott Ingram CPA, CA, MBA Realtor Chalmers House by Blok 70 June 2017
  • 2. Toronto Real Estate Monthly Market Charts Introduction You read sales last month were up x% over last year. What does that really mean?? Was last year a down year, an average year, or a record year? Is that GTA number you’re seeing driven by the 416 or the 905? Is there a clear trend? The charts that follow will add context and perspective to Toronto’s monthly real estate statistics. My focus is the 416, so I pull those numbers out of TREB’s regionally-focused information. I also separate Toronto’s two distinct market segments: houses and condos, because lumping them together obscures a lot of information, and you are probably more interested in one than the other. With segmentation and some historical context, I aim to give you a clearer vision of market movements and trends.
  • 3.  $112K YoY +9.7%  $100K MoM -7.3% Toronto Real Estate June 2017 Quick Facts Source for all numbers: Toronto Real Estate Board (TREB) “Historic Housing Stats” (monthly information back to January 1996), Scott Ingram - Cooling in Houses started mid-April, accelerated in May, continued in June - MoM price decline not unusual from May to June (last 10 years in a row), but this was largest % drop. As in May, also due to less detached in the mix. - Active Listings declined MoM, but all indicators pointed towards cooling Both markets cooling but houses more so ⌂  $100 YoY +21.8%  $13K MoM -2.2% - Condo market more buoyant than houses in most stats, though still cooling - Low inventory holding condo market up. Active listings still way down ( 42% from 5-year norms) and 37% sold over asking. - Hot first 4 months mean YTD transactions still  3% YoY despite drop-off in May and June (2016 was all-time high at 23.7K)
  • 4. Detached $1,387K / Semi $987K / Row $984K June vs. ‘16: $112K (9.7%) June vs. ‘12: $539K (74%) 5 year avg. annual growth: 11.7% - May to Jun MoM  10 yrs in row, but -7.3% is largest - Mix at Apr peak was 74.4% Detached, Jun at 70.8% - MoM: Detached -4.7%, Semi -3.8%, Row -6.5% 416 Average Sold Price (Dollar volume ÷ number of transactions in the month) century21.ca/scott.ingram Condo Apt $553K / Condo Townhouse $606K June vs. '16: $100K (21.8%) June vs. '12: $1901K (52%) 5 year avg. annual growth: 8.7% - MoM -2.2%: Apt -2.1%, Townhouse -3.3% 958 1,110 1,074 1,156 1,170 1,157 1,104 1,096 1,183 1,187 1,221 1,165 1,217 1,4381,430 1,453 1,370 1,270 600 700 800 900 1,000 1,100 1,200 1,300 1,400 1,500 1,600 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec $000s Houses (Detached & Semi & Row) 2012 2013 2014 2015 2016 2017 421 444 428 452 456 459 438 459 462 474 484 476485 524 562 589 572 559 200 250 300 350 400 450 500 550 600 650 700 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec $000s Condos (Apt & Town) 2012 2013 2014 2015 2016 2017
  • 5. 416 Residential Sales Volume (number of sold transactions in the month) century21.ca/scott.ingram June vs. '16: 42.0% (vs. Prior 5 years: 36%) YTD vs. '16: 16.6% - Prior 5 years stayed within 4% of the average 5-year volume as 416 houses essentially have a fixed supply - Apr lowest since 2009, May sales lowest since 2000, Jun lowest going back to 1996 (start of monthly data) June vs. '16: 22.3% (vs. Prior 5 years: 2% ) YTD vs. '16: 2.9% - YTD was +21% after March, then 15%, 9%, now 3%. - Still 3rd highest June sales ever. - May or June are usually the peak Condo sales months, so interesting if this year peaks in April 1,889 2,102 2,066 1,320 1,162 1,508 1,532 1,393 714 624 1058 1650 1704 1613 1198 0 1,000 2,000 3,000 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Houses (Detached & Semi & Row) 2012 2013 2014 2015 2016 2017 1,000 1,609 2,066 2,297 2,468 2,472 2,134 2,217 2,039 2,143 1,937 1,350 1254 1817 2569 2407 2286 1921 0 1,000 2,000 3,000 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Condos (Apt & Town) 2012 2013 2014 2015 2016 2017
  • 6. 416 Active Listings (snapshot of properties available for sale at end of each month) century21.ca/scott.ingram May vs. '16: 97.5% (vs. Prior 5 years: 19%) YTD vs. '16: 26.1% - Grew quickly from March to May, but decreased in June, as is the seasonal norm, and back to within recent 6 year ranges. - Still not a record by any stretch. 2013 was higher (2,961) and that year house prices increased 17% May vs. '16: 23.9% (vs. Prior 5 years: 42%) YTD vs. '16: 46.9% - Active listings are moving back towards last year’s levels, but are still very low – about 2,200 listings less than prior 5 year average 1,168 1,300 1,392 1,452 1,633 1,456 1,283 1,119 1,629 1,612 1,307 599679 836 1228 2034 2941 2876 0 1,000 2,000 3,000 4,000 5,000 6,000 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Houses (Detached & Semi & Row) 2012 2013 2014 2015 2016 2017 3,491 3,718 4,028 4,177 4,249 4,041 3,608 3,134 3,111 2,791 2,203 1,3971529 1443 1546 2148 2854 3074 0 1,000 2,000 3,000 4,000 5,000 6,000 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 416 Active Listings - Condos 2012 2013 2014 2015 2016 2017
  • 7. 416 Monthly Change in Active Listings (net change in snapshot of properties available for sale at end of each month) century21.ca/scott.ingram June vs. May avg change 2012-16: -126 - MoM changes in Active Listings have followed pretty steady patterns with houses - After hugely out of character rises in April and May (5th and 4th highest MoM increases back to 1996), appear to be back to seasonal norms - Dropped a lot in 2nd half of June (was + mid-month) June vs. May avg change 2012-16: +24 - At high part of range of recent history (highest since 234 in 2012) but appears back on trend - Above trend would be good as still shortage of Active Listings 80 157 392 806 907 -65 (1,500) (1,000) (500) 0 500 1,000 1,500 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Houses (Detached & Semi & Row) 2012 2013 2014 2015 2016 2017 132 -86 103 602 706 220 (1,500) (1,000) (500) 0 500 1,000 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Condos (Apt & Town) 2012 2013 2014 2015 2016 2017
  • 8. 416 Months Of Inventory (active listings at month end ÷ sales for month) May vs. '16: 1.7 months (241%) May vs. Prior 5 years:  1.1 months (81%) - MOI has risen rapidly in last three months. June breaks 28 months straight < 2.0. - Highest June since 2.6 in 2010 (June avg since 1996 = 2.0, all-month avg = 2.2) May vs. '16: 0.0 months (2%) May vs. Prior 5 years: 1.2 months (44%) - 4th month in a row Condo MOI < House (last time was Dec ’08). Difference of 0.8 is 3rd highest gap from 1996. - MOI is rising, but 1.6 is a record low for Jun. - Below 2.0 months for 16 consecutive months (record). Last time under 2.0 was Jan 2009. 1.7 1.1 0.9 0.8 0.8 0.7 1.0 1.0 1.1 1.1 0.9 0.8 1.1 0.8 0.7 1.2 1.8 2.4 0.0 1.0 2.0 3.0 4.0 5.0 6.0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Houses (Detached & Semi & Row) 2012 2013 2014 2015 2016 2017 3.5 2.3 1.9 1.8 1.7 1.6 1.7 1.4 1.5 1.3 1.1 1.0 1.2 0.8 0.6 0.9 1.2 1.6 0.0 1.0 2.0 3.0 4.0 5.0 6.0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Condos (Apt & Town) 2012 2013 2014 2015 2016 2017
  • 9. 416 Average Days On Market (Days from listed to sold, for those properties sold during the month) century21.ca/scott.ingram June vs. '16:  3.4 days (33%) June vs. Prior 5 years:  0.9 days (6%) - Note: This statistic has become a lot less meaningful with the recent massive increase in terminations and re-listings of the same property. Only the DOM for the listing that finally sells is counted by TREB. June vs. '16:  7.2 days (32%) June vs. Prior 5 years:  11.3 days (43%) - Terminations epidemic not as prevalent in condos so DOM a little more useful in condos - DOM has risen last 2 months, but still a week less than last year – and way below 38 average since 1996 24 15 13 11 12 10 13 15 12 12 14 18 17 12 9 8 10 14 0 10 20 30 40 50 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Houses (Detached & Semi & Row) 2012 2013 2014 2015 2016 2017 39 31 24 23 22 22 23 24 23 21 21 23 22 16 12 10 12 15 0 10 20 30 40 50 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Condos (Apt & Town) 2012 2013 2014 2015 2016 2017
  • 10. 416 Sold Over Asking (Sold properties at ≥101% of asking price and Sold at ≥120%, as percent of total monthly sales) century21.ca/scott.ingram 101% over asking June vs. '16:  32 pp (solid lines) 120% over asking June vs. '16:  14 pp (dashed lines) - House SOA continued to drop off from March highs, accelerating through May and June - Anecdotally, less agents are attempting the holding offers strategy 101% over asking June vs. '16:  15 pp (solid lines) 120% over asking June vs. '16:  3 pp (dashed lines) - Condo peak one month after house peak - Condo SOA (37%) was higher than House SOA (35%), which has to be a first 40% 53% 58% 66% 68% 67% 57% 58% 63% 60% 53% 44% 59% 73% 80% 78% 59% 35% 6% 10% 12% 18% 21% 19% 15% 14% 16% 15% 15% 11% 18% 38% 45% 36% 17% 5%0% 10% 20% 30% 40% 50% 60% 70% 80% 90% Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 416 Sold Over Asking - Houses 2016 2017 2016 20% OA 2017 20% OA over asking 20% over asking 10% 12% 16% 20% 24% 22% 20% 20% 24% 26% 27% 26% 41% 54% 71% 74% 58% 37% 0% 1% 1% 1% 1% 1% 1% 1% 1% 1% 3% 7% 20% 21% 9% 3% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 416 Sold Over Asking - Condos 2016 2017 2016 20% OA 2017 20% OA
  • 11. 416 Annual Price Increases (December vs. prior December average price, and current month 2017 compared to Dec 2016) century21.ca/scott.ingram 20 year House performance: 18 years 2 years (Avg $51K). 20 year CAGR (as at current month) is 6.5%. 20 year Condo performance: 18 years 2 years (Avg $20K). 20 year CAGR (as at current month) is  5.0%. 19 46 (11) 27 36 2 49 10 12 130 (51) 57 40 22 33 117 54 105 210 105 2 19 12 20 12 3 19 7 11 42 (34) 60 20 4 (6) 29 17 22 65 83 (100) (50) 0 50 100 150 200 250 '98 '99 '00 '01 '02 '03 '04 '05 '06 '07 '08 '09 '10 '11 '12 '13 '14 '15 '16 '17 YTD $000s $ Increases Houses Condos 7% 17% (3%) 9% 11% 1% 13% 2% 3% 29% (9%) 11% 7% 3% 5% 17% 7% 12% 22% 9% 2% 12% 7% 11% 6% 2% 9% 3% 4% 17% (12%) 23% 6% 1% (2%) 9% 4% 6% 16% 17% -20% -10% 0% 10% 20% 30% 40% '98 '99 '00 '01 '02 '03 '04 '05 '06 '07 '08 '09 '10 '11 '12 '13 '14 '15 '16 '17 YTD % Increases Houses Condos
  • 12. 416 Market Breakdown 1 year ago: Condos 56% / Houses 43% 5 years ago: Condos 51% / Houses 48% 10 years ago: Condos 46% / Houses 53% 20 years ago: Condos 34% / Houses 64% As the supply of houses is essentially fixed, and more new condos are completed, transaction share should keep shifting towards condos. Also, condos are often a “starter home” and not held onto as long on average as houses. While houses were only 41% of sales transaction volume, in 2016, they accounted for 64% of dollar volume. Detached 73% Semi 20% Row 7% Share of House Transactions - last 12 months Apartment 89% Townhouse 11% Share of Condo Transactions - last 12 months Houses 39% Condos 60% Share of Transactions - last 12 months
  • 13. Your home is the single largest investment you'll make — trust it with an accountant. I take a “Moneyball” approach to real estate, believing in the importance of both quantitative and qualitative trends – especially in this rapidly shifting real estate market. After having built up 20 years of trust as an accountant in Toronto's art and music communities, I now combine my analytical skills and business savvy with my hometown knowledge and passion to help people like you find their next home. I work with the venerable CENTURY 21 brand at the Regal Realty Inc. brokerage on Queen St. West. @areacode416 century21.ca/scott.ingram Click for more fresh statistics and insight on Toronto real estate: