Condo sales are up 21% YTD and prices have already increased this year more than any full year in history. See the trends with your own eyes in these 7 market charts.

1. Toronto Real Estate
Monthly Charts
Creative Commons license
Scott Ingram
CPA, CA, MBA
Realtor
Chalmers House
by Blok 70
Mar
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 that out of TREB’s numbers.
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.
Source for all numbers: Toronto Real Estate Board (TREB) “Historic Housing Stats”, Scott Ingram

3.  $356K YoY
+33.1%
 $7K MoM
-0.5%
Toronto Real Estate
Monthly Quick Facts
Source for all numbers: Toronto Real Estate Board (TREB) “Historic Housing Stats”, Scott Ingram
- House prices  $7K in March, but usually
drops slightly from Feb
- Row houses sold for $1 million on
average ($999K, but close enough). Old
high was $927K in Oct ’16.
- House ( $265K) and Condo ( $86K)
prices have increased in 3 months YTD
more than any full year in history
Condo buyers need to chill out
⌂
 $134 YoY
+31.3%
 $37K MoM
+7.1%
- Condo sale transactions are  21% YTD
after an all-time high last year (23.7K)
- People spent $1.279 billion on Condo
Apts in March,  70% over last March
(29% more transactions and 32% higher
price) and first time over a billion
- Active listings still way down ( 62% YoY)

4. Detached $1,562K / Semi $1,090K / Row $999K
Mar vs. ‘16: $356K (33.1%)
Mar vs. ‘12: $679K (90%)
5 year avg. annual growth: 13.7%
- Average Rowhouse is was $1 million in March? What?
- Price drop from Feb to Mar is normal (4 of last 6 years)
416 Average Sold Price
(Dollar volume ÷ number of transactions in the month)
century21.ca/scott.ingram
Condo Apt $550K / Condo Townhouse $661K
Mar vs. '16: $134K (31.3%)
Mar vs. '12: $203K (57%)
5 year avg. annual growth: 9.4%
- Avg House in Aug ‘10 ($550K) now buys Condo Apt
- Last 2 months have increased $37K and $39K – more
than increases of 17 of the last 20 full years
958
1,110
1,074
1,156 1,170 1,157
1,104 1,096
1,183 1,187
1,222
1,165
1,219
1,4371,430
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
561
100
150
200
250
300
350
400
450
500
550
600
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
Mar vs. '16: 9.5% (vs. Prior 5 years: 11.2%)
YTD vs. '16: 0.2%
- Despite the media hype, house transactions haven’t
been changing much
- Prior 5 years stayed within 4% of the average 5-year
volume as 416 houses essentially have a fixed supply
Mar vs. '16: 24.8% (vs. Prior 5 years: 50.8%)
YTD vs. '16: 20.9%
- 24th straight month of setting a monthly transaction
volume record
- Resale Condo sales demand has increased as more
and more people are priced out of houses
1,000
1,609
2,066
2,297
2,468 2,472
2,134
2,217
2,039
2,143
1,937
1,350
1255
1818
2579
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
672
1,162
1,513
1,889
2,102 2,066
1,320
1,162
1,508 1,532
1,394
715
626
1059
1656
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

6. 416 Active Listings
(snapshot of properties available for sale at end of each month)
century21.ca/scott.ingram
Mar vs. '16: 11.8% (vs. Prior 5 years: 37%)
YTD vs. '16: 29%
- Active listings moved a bit closer towards last year’s
levels, but still at only 63% of 5 year norms
Mar vs. '16: 62% (vs. Prior 5 years: 66%)
YTD vs. '16: 60%
- March is the 5th month in a row with less than half of
the prior year’s listings
1,168
1,300 1,392 1,452
1,633
1,456
1,283
1,119
1,629 1,612
1,307
599
679
836
1228
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
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
Condos (Apt & Town)
2012 2013 2014 2015 2016 2017

7. 416 Months Of Inventory
(active listings at month end ÷ sales for month)
Mar vs. '16: 0.2 months (19%)
Mar vs. Prior 5 years:  0.6 months (43%)
- A “balanced market” is 5-7 months of inventory.
We’ve been in a “seller’s market” for over 20 years
- March is 14th consecutive new monthly record low
Mar vs. '16: 1.4 months (69%)
Mar vs. Prior 5 years:  2.1 months (78%)
- First time Condo MOI lower than House since Dec ‘08
- Condo MOI has been below 2.0 months for 13
consecutive months, the longest stretch below 2.0,
and first time under 2.0 since Jan ’09
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
0.0
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
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
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

8. 416 Average Days On Market
(Days from listed to sold, for those properties sold during the month)
century21.ca/scott.ingram
Mar vs. '16:  4.2 days (33%)
Mar vs. Prior 5 years:  59 days (40%)
- First time ever that House DOM below 10
- With an extreme seller’s market and a low inventory
of listings, houses that are on the market are being
snapped up quickly.
Mar vs. '16:  12.6 days (52%)
Mar vs. Prior 5 years:  15.8 days (57%)
- 2nd consecutive all-time low (old record low DOM was
20 in March ‘10)
- Usually May and June have lowest DOM. Will this go
even lower?
24
15
13
11 12
10
13
15
12 12
14
18
18
12
9
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
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

9. 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 $59K). 20 year CAGR (as at current month) is 7.6%.
20 year Condo performance: 18 years 2 years (Avg  $20K). 20 year CAGR (as at current month) is  5.1%.
19
46
(11)
27 36
2
49
10 12
130
(51)
57
40
22 33
117
54
105
211
265
2
19 12 20 12 3
19 7 11
42
(34)
60
20
4
(6)
29 17 22
65
86
(100)
(50)
0
50
100
150
200
250
300
'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% 23%
-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

10. 416 Market Breakdown
1 year ago: Condos 54% / Houses 45%
5 years ago: Condos 51% / Houses 48%
10 years ago: Condos 46% / Houses 53%
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
90%
Townhouse
10%
Share of Condo Transactions - last 12 months
Houses
40%
Condos
59%
Share of Transactions - last 12 months

11. Your home is the single largest investment you'll make — trust it with an accountant.
Having built up 20 years of trust as an accountant in Toronto's art and music
communities, Scott combines his analytical skills and business savvy with his hometown
knowledge and passion to help people like you find their next home. He works with the
venerable CENTURY 21 brand at the Regal Realty Inc. brokerage on Queen St. West.
@areacode416 century21.ca/scott.ingram
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