Sales of homes in the Greater Toronto Area increased 22% in the first two weeks of August 2013 compared to the same period in 2012. All home types saw year-over-year sales increases. The average selling price rose 3% to $494,617. Stronger sales growth compared to new listings indicates more competition between buyers, which contributes to higher prices.

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GTA REALTORS® RELEASE MID-MONTH RESALE FIGURES
TORONTO, August 16, 2013 – Greater Toronto Area REALTORS® reported 3,359
sales through the TorontoMLS system during the first two weeks of August 2013. This
result represented a 22 per cent increase compared to 2,743 sales in August 2012.
Sales were up on a year-over-year basis for all home types. Total new listings were up
over the same period, but by a much lesser rate than sales.
“The strong annual sales growth experienced in July was sustained in the first two
weeks of August. The fact that sales were up for all major home types in the City of
Toronto and surrounding regions suggests that a wide range of buyers are active in the
marketplace today – from first-time buyers through to existing home owners whose
housing needs have changed,” said Toronto Real Estate Board President Dianne
Usher.
The average selling price during the first two weeks of August 2013 was $494,617 – up
three per cent in comparison to the same period in 2012.
“Sales growth that is stronger than new listings growth is indicative of more competition
between buyers. Against this backdrop, it makes sense that the average selling price
continued to grow,” said Jason Mercer, TREB’s Senior Manager of Market Analysis.
Summary
of
TorontoMLS
Sales
and
Average
Price
August
1
-­‐
14
2013
2012
Sales
Average
Price
New
Listings
Sales
Average
Price
New
Listings
City
of
Toronto
("416")
1,164
$507,288
2,156
978
$503,559
1,954
Rest
of
GTA
("905")
2,195
$487,897
3,623
1,765
$466,208
3,466
GTA
3,359
$494,617
5,779
2,743
$479,525
5,420
Source:
Toronto
Real
Estate
Board
CONTINUED…
NEWS RELEASE

2. PAGE 2
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For Media/Public Inquiries:
Mary Gallagher, Senior Manager Media Relations
Toronto Real Estate Board 1400 Don Mills Road Toronto
ON M3B 3N1
Office: (416) 443-8158
Email:maryg@trebnet.com
TorontoMLS
Sales
&
Average
Price
By
Home
Type
August
1
-­‐
14,
2013
Sales
Average
Price
416
905
Total
416
905
Total
Detached
345
1,243
1,588
756,278
581,146
619,194
Yr./Yr.
%
Change
12.0%
27.1%
23.5%
-­‐2.2%
3.7%
1.3%
Semi-­‐Detached
100
246
346
576,055
409,728
457,799
Yr./Yr.
%
Change
17.6%
17.1%
17.3%
12.9%
3.8%
7.0%
Townhouse
125
437
562
421,126
375,489
385,640
Yr./Yr.
%
Change
12.6%
29.3%
25.2%
-­‐3.7%
6.4%
3.2%
Condo
Apartment
585
216
801
368,058
282,231
344,913
Yr./Yr.
%
Change
25.5%
13.1%
21.9%
7.8%
1.3%
6.7%
Source:
Toronto
Real
Estate
Board
Greater Toronto REALTORS® are passionate about their work. They are governed by a strict Code of Ethics and share a
state-of-the-art Multiple Listing Service. Over 37,000 TREB Members serve consumers in the Greater Toronto Area. The
Toronto Real Estate Board is Canada’s largest real estate board.
Media Inquiries: Mary Gallagher, Senior Manager Public Affairs (416) 443-8158 maryg@trebnet.com
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