Greater Toronto Area home sales increased 21% in August 2013 compared to August 2012, with 7,569 residential transactions. The average home price rose 5.5% year-over-year to $503,094. Detached home sales saw the strongest growth at 24.2% with average prices up 4.9%, while condo apartment sales increased 20.1% and prices grew 3.7%. TREB expects tight market conditions to continue pushing prices higher for the rest of the year.

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GTA REALTORS® REPORT MONTHLY RESALE HOUSING MARKET FIGURES
TORONTO, September 5, 2013 – Greater Toronto Area REALTORS® reported 7,569
residential transactions through the TorontoMLS system in August 2013. This represented a 21
per cent increase compared to 6,249 sales in August 2012.
“Sales were up strongly this past August for all major home types compared to last year. Many
households have accounted for the added costs brought on by stricter mortgage lending
guidelines and have reactivated their search for a home. These households have found that a
diversity of affordable ownership options exist throughout the GTA,” said Toronto Real Estate
Board President Dianne Usher.
The average selling price for August 2013 was $503,094 – up by almost 5.5 per cent compared
to the average of $477,170 in August 2012. The MLS® Home Price Index (HPI) composite
benchmark was up by 3.7 per cent over the same period.
“Despite an increase in borrowing costs during the spring and summer, an average priced home
in the GTA has remained affordable for a household earning an average income. With this in
mind, tight market conditions are expected to promote continued price growth through the
remainder of 2013,” said Jason Mercer, TREB’s Senior Manager of Market Analysis.
Summary of TorontoMLS Sales and Average Price August 1 - 31
2013 2012
Sales
Average
Price
New
Listings Sales
Average
Price
New
Listings
City of Toronto ("416") 2,665 $518,145 4,475 2,237 $496,927 4,247
Rest of GTA ("905") 4,904 $494,914 7,733 4,012 $466,155 7,436
GTA 7,569 $503,094 12,208 6,249 $477,170 11,683
TorontoMLS Sales & Average Price By Home Type August 1 - 31, 2013
Sales Average Price
416 905 Total 416 905 Total
Detached 846 2,789 3,635 783,708 590,583 635,531
Yr./Yr. % Change 23.0% 24.6% 24.2% 4.7% 5.1% 4.9%
Semi-Detached 231 536 767 576,022 409,322 459,528
Yr./Yr. % Change 7.4% 16.5% 13.6% 8.7% 5.1% 5.8%
Townhouse 285 938 1,223 416,463 374,494 384,274
Yr./Yr. % Change 12.6% 19.2% 17.6% -0.8% 6.7% 4.5%
Condo Apartment 1,280 506 1,786 357,572 293,825 339,512
Yr./Yr. % Change 21.4% 16.9% 20.1% 2.3% 7.1% 3.7%
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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