This document provides charts and analysis of the November 2019 Toronto real estate market. Key points include:
- Average home prices in the 416 area increased 2.9% compared to November 2018, with detached homes seeing the largest gain. Condo prices rose 9.7% year-over-year.
- Housing sales volumes were up 16.2% from November 2018 while condo sales rose slightly by 0.3%. Inventory levels decreased from the previous year for both housing types.
- The number of properties selling over asking price increased for both houses and condos compared to November 2018. Months of inventory remained near 7-year averages.
January 2020 has a lot of similarities with January 2017, which is a bit scary. Monthly Toronto real estate market reports with charts and observations.
Condos had 51% less active listings at the end of December and Freeholds had 21% less than the average for the decade. That will likely put pressure on prices in the near future.
Toronto real estate market charts for May 2019 show that in April:
- Average home prices increased from the previous year, with detached homes at $1,384K, semis at $1,051K, and condos at $643K.
- Residential sales volumes increased from 2018 levels for both houses (28.5% higher) and condos (2.7% higher).
- Inventory levels were slightly higher than the previous year and above 7-year averages.
January 2020 has a lot of similarities with January 2017, which is a bit scary. Monthly Toronto real estate market reports with charts and observations.
Condos had 51% less active listings at the end of December and Freeholds had 21% less than the average for the decade. That will likely put pressure on prices in the near future.
Toronto real estate market charts for May 2019 show that in April:
- Average home prices increased from the previous year, with detached homes at $1,384K, semis at $1,051K, and condos at $643K.
- Residential sales volumes increased from 2018 levels for both houses (28.5% higher) and condos (2.7% higher).
- Inventory levels were slightly higher than the previous year and above 7-year averages.
This document provides charts and analysis of the April 2019 Toronto real estate market. Key points include:
- Average home prices in the 416 area increased 1.3% from last year for detached homes and 4.9% for condos. Prices have increased 42% and 63% respectively over the past 5 years.
- Housing sales volumes increased 15.9% from last year while condo sales increased 6.1%. Both remain below 7-year averages.
- Active listings increased 13.1% for houses and 11.3% for condos from last year, with condos remaining below the 7-year average.
- Months of inventory remained steady for houses at 1.9 months but
Toronto real estate market saw house sales down 18% year-over-year in January 2018 while condo sales were up 20.7% year-over-year. Average house prices increased 1.2% to $1,284K from January 2017 compared to condo prices rising 12% to $543K. Active house listings increased 133% from January 2017 while condo listings rose 20.7%, indicating a shifting market with more house inventory and lower condo inventory.
Toronto condos have had a continued strong run even after the detached market slowed. But condos are now slowing. Here's a deeper look in the March TREB statistics.
This document provides charts and analysis of the Toronto real estate market in April 2018. It summarizes key metrics like average home prices, sales volumes, new listings, and days on market. For both houses and condos, average prices were up significantly from last year but sales volumes were down. Inventory levels were slightly higher than last year continuing an upward trend. The market was showing signs of cooling with fewer multiple offer situations. Overall, the data suggests the Toronto market was stabilizing after the bubble peak in 2017 and becoming more balanced.
416 House and Condo prices are nuts. View the crazy February increases with historical context, and see how other important Toronto market stats are trending.
This document provides charts and analysis of the Toronto real estate market in June 2018. Key points include:
- The average price of detached homes was up 23K from June 2017 but down from peak bubble prices in 2016-2017. Condo prices rose 54K or 9.7% from last June.
- Home sales rose 6.5% from June 2017 but remain below recent years. Condo sales fell 4.8% from last June but were up from the 7-year average.
- Active listings rose slightly for both homes and condos compared to 2017 but remain below historical averages. Months of inventory fell for homes and was flat for condos.
- The author analyzes various
This document provides charts and analysis of the July 2017 Toronto real estate market. Key points include:
- House prices were up 6.7% year-over-year but down 7.3% month-over-month, reflecting cooling in the housing market. Condo prices were up 23.3% year-over-year but down 3.4% month-over-month.
- Housing sales volumes were down substantially both year-over-year and compared to the past 5 years, while condo sales were up 2.2% year-over-year.
- Active housing listings were up significantly both year-over-year and compared to past years, providing more choice for buyers, while
8 Charts that skip past watered down GTA averages! These charts get right to the 416 and drill down to the House and Condo level so you can tell what's really going on with your property and your market. Bonus: 20 years of real estate performance.
The document provides charts and analysis of the Toronto real estate market in October 2018. It summarizes key metrics like average home prices, sales volumes, active listings, months of inventory, and days on market for both houses and condominiums. The data shows that in October, average home prices were up year-over-year but gains are slowing, sales volumes increased from last year but remain below historical averages, and inventory levels remain tight despite small increases.
August 2018 - Summertime blues? Toronto real estate market charts 2018 08 aug.Scott Ingram, CPA, CA, MBA
Toronto real estate market saw average home prices increase year-over-year in August 2018. Detached home prices rose 5.4% to $1,244K on average, while condo prices increased 7.8% to $585K. Home sales volumes were up slightly for houses but down for condos compared to the previous year. Inventory levels remained tight, with months of inventory at 2.5 for houses and 1.6 for condos. The market continued to show signs of stabilizing from the heated conditions of recent years.
Toronto real estate market charts from September 2018 show that average home prices rose slightly compared to September 2017 but sales volumes were down. For houses, average price rose 0.6% to $1,342K while sales fell 4.1%. Condo prices rose more at 11.6% to $616K but sales also declined 4.0% compared to the previous year. Inventory levels rose for both houses and condos compared to 2017 continuing a longer-term upward trend.
Apr 2017 - Some cooling but still hot outside: Toronto real estate market chartsScott Ingram, CPA, CA, MBA
New chart this month showing how crazy the Condo market has been with bidding wars. There were some cooling signs in April but it's still 40°C outside. See the trends with your own eyes in these 8 market charts.
May 2017 - Houses cooling faster than condos: Toronto real estate market chartsScott Ingram, CPA, CA, MBA
Shifts that started in April continued in May. Active listings are up a lot, but condo inventory still low so it's deeper into seller's territory than houses right now. Two new chart this month. See the trends with your own eyes in these 9 market charts.
This document provides charts and analysis of the Toronto real estate market in July 2018. It separates the market into houses (detached, semi-detached, and row houses) and condos (apartments and townhouses). The charts show that in July 2018, average home prices were up year-over-year for both houses and condos. Home sales volumes were also up year-over-year for both market segments. Inventory levels remained below historical averages. The number of days homes spent on the market before being sold was lower than the seven-year average. In general, the Toronto real estate market remained heated in July 2018 compared to the previous year.
8 Charts that skip past watered down GTA averages. These charts get right to 411 on the 416 and drill down to the House and Condo level so you can tell what's really going on with your property and your market. Bonus: 20 years of real estate performance.
This document provides charts and analysis of the April 2019 Toronto real estate market. Key points include:
- Average home prices in the 416 area increased 1.3% from last year for detached homes and 4.9% for condos. Prices have increased 42% and 63% respectively over the past 5 years.
- Housing sales volumes increased 15.9% from last year while condo sales increased 6.1%. Both remain below 7-year averages.
- Active listings increased 13.1% for houses and 11.3% for condos from last year, with condos remaining below the 7-year average.
- Months of inventory remained steady for houses at 1.9 months but
Toronto real estate market saw house sales down 18% year-over-year in January 2018 while condo sales were up 20.7% year-over-year. Average house prices increased 1.2% to $1,284K from January 2017 compared to condo prices rising 12% to $543K. Active house listings increased 133% from January 2017 while condo listings rose 20.7%, indicating a shifting market with more house inventory and lower condo inventory.
Toronto condos have had a continued strong run even after the detached market slowed. But condos are now slowing. Here's a deeper look in the March TREB statistics.
This document provides charts and analysis of the Toronto real estate market in April 2018. It summarizes key metrics like average home prices, sales volumes, new listings, and days on market. For both houses and condos, average prices were up significantly from last year but sales volumes were down. Inventory levels were slightly higher than last year continuing an upward trend. The market was showing signs of cooling with fewer multiple offer situations. Overall, the data suggests the Toronto market was stabilizing after the bubble peak in 2017 and becoming more balanced.
416 House and Condo prices are nuts. View the crazy February increases with historical context, and see how other important Toronto market stats are trending.
This document provides charts and analysis of the Toronto real estate market in June 2018. Key points include:
- The average price of detached homes was up 23K from June 2017 but down from peak bubble prices in 2016-2017. Condo prices rose 54K or 9.7% from last June.
- Home sales rose 6.5% from June 2017 but remain below recent years. Condo sales fell 4.8% from last June but were up from the 7-year average.
- Active listings rose slightly for both homes and condos compared to 2017 but remain below historical averages. Months of inventory fell for homes and was flat for condos.
- The author analyzes various
This document provides charts and analysis of the July 2017 Toronto real estate market. Key points include:
- House prices were up 6.7% year-over-year but down 7.3% month-over-month, reflecting cooling in the housing market. Condo prices were up 23.3% year-over-year but down 3.4% month-over-month.
- Housing sales volumes were down substantially both year-over-year and compared to the past 5 years, while condo sales were up 2.2% year-over-year.
- Active housing listings were up significantly both year-over-year and compared to past years, providing more choice for buyers, while
8 Charts that skip past watered down GTA averages! These charts get right to the 416 and drill down to the House and Condo level so you can tell what's really going on with your property and your market. Bonus: 20 years of real estate performance.
The document provides charts and analysis of the Toronto real estate market in October 2018. It summarizes key metrics like average home prices, sales volumes, active listings, months of inventory, and days on market for both houses and condominiums. The data shows that in October, average home prices were up year-over-year but gains are slowing, sales volumes increased from last year but remain below historical averages, and inventory levels remain tight despite small increases.
August 2018 - Summertime blues? Toronto real estate market charts 2018 08 aug.Scott Ingram, CPA, CA, MBA
Toronto real estate market saw average home prices increase year-over-year in August 2018. Detached home prices rose 5.4% to $1,244K on average, while condo prices increased 7.8% to $585K. Home sales volumes were up slightly for houses but down for condos compared to the previous year. Inventory levels remained tight, with months of inventory at 2.5 for houses and 1.6 for condos. The market continued to show signs of stabilizing from the heated conditions of recent years.
Toronto real estate market charts from September 2018 show that average home prices rose slightly compared to September 2017 but sales volumes were down. For houses, average price rose 0.6% to $1,342K while sales fell 4.1%. Condo prices rose more at 11.6% to $616K but sales also declined 4.0% compared to the previous year. Inventory levels rose for both houses and condos compared to 2017 continuing a longer-term upward trend.
Apr 2017 - Some cooling but still hot outside: Toronto real estate market chartsScott Ingram, CPA, CA, MBA
New chart this month showing how crazy the Condo market has been with bidding wars. There were some cooling signs in April but it's still 40°C outside. See the trends with your own eyes in these 8 market charts.
May 2017 - Houses cooling faster than condos: Toronto real estate market chartsScott Ingram, CPA, CA, MBA
Shifts that started in April continued in May. Active listings are up a lot, but condo inventory still low so it's deeper into seller's territory than houses right now. Two new chart this month. See the trends with your own eyes in these 9 market charts.
This document provides charts and analysis of the Toronto real estate market in July 2018. It separates the market into houses (detached, semi-detached, and row houses) and condos (apartments and townhouses). The charts show that in July 2018, average home prices were up year-over-year for both houses and condos. Home sales volumes were also up year-over-year for both market segments. Inventory levels remained below historical averages. The number of days homes spent on the market before being sold was lower than the seven-year average. In general, the Toronto real estate market remained heated in July 2018 compared to the previous year.
8 Charts that skip past watered down GTA averages. These charts get right to 411 on the 416 and drill down to the House and Condo level so you can tell what's really going on with your property and your market. Bonus: 20 years of real estate performance.
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.
Many were expecting September to have a big bounceback month or a big failure. For the in-depth highlights of these charts, read my blog post at www.century21.ca/scott.ingram/blog. In the meantime, view the statistical trends with your own eyes with these monthly charts.
No more watered down GTA averages! These charts drill down to the House and Condo level for the 416 so you can tell what's really going on with your property and your market. Bonus: 20 years of real estate performance.
August 2017 - Bouncing back from the bottom: Toronto real estate market chartsScott Ingram, CPA, CA, MBA
Some of the indicators around 416 houses show the market seems to be improving. Condos continue to be just fine. For the in-depth highlights of these charts, read my blog post at www.century21.ca/scott.ingram/blog. In the meantime, view the statistical trends with your own eyes with these monthly charts.
Things turned quickly in the Toronto real estate market. June saw a continued decline from its March/April peak, with price declines and unusually large drops in sales. View the statistical trends with your own eyes with these monthly charts.
The document provides an analysis of home price indices (HPI) for Toronto from 2012-2018. It summarizes the HPI for the overall Toronto region (composite index) as well as for different housing types including single-family detached homes, attached homes, townhouses, and apartments. The HPI aims to provide a more stable measure of price changes than average prices by tracking a fixed "basket" of home attributes over time. The analysis shows the composite HPI rising 59% from December 2013 to December 2018, with greater gains for condos than single-family homes. Apartments have seen the strongest price increases within the last two years.
Sense Levent Kagithane Catalog - Listing TurkeyListing Turkey
Sense Levent offers a luxurious living experience in the heart of Istanbul’s vibrant Levent district.
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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/
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.
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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.
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.
BEST FARMLAND FOR SALE | FARM PLOTS NEAR BANGALORE | KANAKAPURA | CHICKKABALP...knox groups real estate
welcome to knox groups real estate company in Bangalore. best farm land for sale near Bangalore and madhugiri . Managed farmland near Kanakapura and Chickkabalapur get know more details about the projects .Knox groups is a leading real estate company dedicated to helping individuals and businesses navigate the dynamic real estate market. With our extensive knowledge, experience, and commitment to excellence, we deliver exceptional results for our clients. Discover the perfect foundation for your agricultural aspirations with KNOX Groups' prime farm lands. These aren't just plots; they're the fertile grounds where vibrant crops flourish, livestock thrives, and unique agricultural ventures come to life. At KNOX, we go beyond selling land we curate sustainable ecosystems, ensuring that your journey toward agricultural success is seamless and prosperous.
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.
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https://listingturkey.com/property/avrupa-konutlari-esentepe/
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.
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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.
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The KA Housing - Catalogue - Listing TurkeyListing Turkey
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https://listingturkey.com/property/the-ka-housing/
November 2019: Why are condos so hot? - Toronto real estate market charts
1. Toronto Real Estate
Market Charts
November 2019
Creative Commons license
Scott Ingram
CPA, CA, MBA
Realtor
Chalmers House
by Blok 70
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 broader GTA-wide aggregate figures.
I also separate Toronto’s two distinct market segments: houses (freeholds) 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.
indicator points to heating up (favours sellers), denotes cooling down (favours buyers)
3. Detached $1,360K / Semi $1,067K / Row $944K
Nov vs. '18: $35K (2.9%)
Nov vs. '14: $397K (46%)
5 year CAGR: 7.9%
- Semis had second November month ever
- Rowhouses actually down 2.4% vs. 2018
416 Average Sold Price
(dollar volume ÷ number of transactions in the month)
century21.ca/scott.ingram
Condo Apt $660K / Condo Townhouse $663K
Nov vs. '18: $59K (9.7%)
Nov vs. '14: $261K (65%)
5 year CAGR: 10.6%
- Condos haven’t had negative YoY since Feb 2015 (54
straight months and 74 of last 75)
1119
1223
1184
12641282
1243
11541162
126912491258
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 416 Avg Sold Price - Houses
2013 2014 2015 2016 2017 2018 2019
544
584
597
610 608 613
591 590
623
609 602 602
601
618 610
640 649 645 635
621
646
670 660
300
350
400
450
500
550
600
650
700
750
800
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
$000s 416 Avg Price - Condos (Apt & Town)
2013 2014 2015 2016 2017 2018 2019
4. 416 Residential Sales Volume
(number of sold transactions in the month)
century21.ca/scott.ingram
Nov vs. '18: 16.2% (vs. 7 Yr Avg: 5%)
YTD vs. '18: 14%
- Big turnaround from historically low Q1, with 7 of last 8
months +10% or more over last year.
- Sept was first time above 7 year average since early
2017
Nov vs. '18: 0.3% (vs. 7 Yr Avg: 1% )
YTD vs. '18: 2%
- After stretch of 21 of 23 months being lower sales than
previous year, are now at 7 of the last 8 being higher
510
720
1016
1186
1320 1252
940
855
985
1305
981
501
479
687
971
1366
1687
1446
1225
918
1289
1453
1140
0
1,000
2,000
3,000
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
416 Sales - Houses (Det & Semi & Row)
2013 2014 2015 2016
2017 2018 2019 7 Yr Avg
927
1166
1547
1835
1989
1725
1852
1603
1680
1811
1557
0
1,000
2,000
3,000
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
416 Sales - Condos (Apt & Town)
2013 2014 2015 2016
2017 2018 2019 7 Yr Avg
5. 416 Active Listings
(snapshot of properties available for sale at end of each month)
Nov vs. '18: 21.9% (vs. 7 Yr Avg: 6%)
YTD vs. '18: 1%
- Has been above 7 Yr Avg. all year before November
- In August was 1.3% more listings than 2018, now 3
months later has taken dive to -21.9% lower
Nov vs. '18: 19.8% (vs. 7 Yr Avg: 38%)
YTD vs. '18: 2%
- First 6 months had higher inventory than last year, last 5
months has tightened
- Lowest November since 2001 (1,993)
- Active Listings around 1,200 less than 7 Yr Avg
1592
1792
2118
2633
29942918
2463
2147
2744
2510
1901
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 - Houses
2013 2014 2015 2016
2017 2018 2019 7 Yr Avg
19602114
2427
2699
30102949
2769
2448
2707
2442
1994
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
2013 2014 2015 2016
2017 2018 2019 7 Yr Avg
6. 416 Months Of Inventory
(active listings at month end ÷ sales for month)
Nov vs. '18: 0.8 months (-33%)
Nov vs. 7 Yr Avg: 0.0 months (-3%)
- Remains at 7 year average for third month in a row
Nov vs. '18: 0.3 months (-20%)
Nov vs. 7 Yr Avg: 0.8 months (-40%)
- 5 months in row < 2018 after first 6 months all above
- Below 2.000 42 of last 44 months
- Record 32 months in row condos < houses. In 254
months before March 2017, this only happened 19
times in total.
3.1
2.5
2.0 2.0
2.1 2.2
2.7
2.5
2.9
2.1
2.5
3.1
3.3
2.6
2.2
1.9 1.8
2.0 2.0
2.3
2.1
1.7 1.7
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
416 MOI - Houses (Det & Semi & Row)
2013 2014 2015 2016
2017 2018 2019 7 Yr Avg
1.9
1.6
1.2
1.4 1.5
1.6
1.8
1.7
2.0
1.7 1.6
1.8
2.1
1.8
1.6 1.5 1.5
1.7
1.5 1.5
1.6
1.3 1.3
0.0
1.0
2.0
3.0
4.0
5.0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
416 MOI - Condos (Apt & Town)
2013 2014 2015 2016
2017 2018 2019 7 Yr Avg
7. 416 Average Days On Market
(days from listed to sold, for those properties sold during the month)
century21.ca/scott.ingram
Nov vs. '18: 0.1 days (-1%)
Nov vs. 7 Yr Avg: 1.4 days (7%)
- September was only month this year below 7-year
average
Nov vs. '18: 1.5 days (-7%)
Nov vs. 7 Yr Avg: 5.3 days (-20%)
- Diverged lower from averages in spring 2016 and has
stayed low since
31
23
16 16 15
17
22
23
19 18
21
27
31
22
18
16 15 16
21
25
17
18
21
0
10
20
30
40
50
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
416 DOM - Houses (Det & Semi & Row)
2013 2014 2015 2016
2017 2018 2019 7 Yr Avg
27
22
17 16
17 17
20
23 23
21
22
26
27
21
19
17 17
19
21 22
20 20 21
0
10
20
30
40
50
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
416 DOM - Condos (Apt & Town)
2013 2014 2015 2016
2017 2018 2019 7 Yr Avg
8. 416 New Listings
(number of new MLS #s during the month – unfortunately includes re-listed properties)
century21.ca/scott.ingram
Nov vs. '18: 15.7% (vs. 7 Yr Avg: -17%)
YTD vs. '18: 5%
- After 7 months in a row within 5% of 7-year averages,
dropped down to -17%
- terminations and re-listings distort this stat
Nov vs. '18: 15.1% (vs. 7 Yr Avg: 17%)
YTD vs. '18: 0%
- Concerningly low
- Have to go all the way back to 2004 to find less than
2,000 November new listings November (1,851)
1215
1376
1939
2759
3259
2575
1961
1512
2923
2385
1410
0
1,000
2,000
3,000
4,000
5,000
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
416 New Listings - Houses
2013 2014 2015 2016
2017 2018 2019 7 Yr Avg
19131905
2562
2944
3359
27932779
2191
2855
2561
1877
0
1,000
2,000
3,000
4,000
5,000
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
416 New Listings - Condos (Apt & Town)
2013 2014 2015 2016
2017 2018 2019 7 Yr Avg
9. 416 Sold Over Asking
(properties that sold at ≥101% of list price, as percent of total monthly sales)
century21.ca/scott.ingram
101% or more of asking Nov vs. '18: 4 pp
Month-over-month: 5 pp
- 16 of last 17 months higher than prior year
- Full year numbers: 2015 47% • 2016 60% • 2017 49% •
2018 34% • YTD 2019 38%
101% or more of asking Nov vs. '18: 7 pp
Month-over-month: 2 pp
- Condos turned it up last 5 months to be > 2018
- Days of SOA for a condo being just for special
properties (11% for all 2015 sales) seem to be gone
(27% for all 2018 sales, 27% YTD 2019)
73%
81%
78%
19%
32%
37%
41% 40%
35%
27% 25%
35%
37%
31%
23%
25%
34% 36%
43% 41%
37%
34%
29%
42% 41%
36%
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
2015 2016 2017
2018 2019 15-'19 Avg
71%
74%
22%
34%
32%
29%
25%
21%
24% 24% 22%
16%
21%
24%
26%
31% 29% 28%
25% 25%
28% 27%
29%
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
2015 2016 2017
2018 2019 15-'19 Avg
10. 416 Detached/Condo price ratio
(average price for detached divided by average price of condo apartment)
century21.ca/scott.ingram
Current ratio: 2.06
Month-over-month: 0.07
- Average since Jan 1996 = 2.13
- Median since Jan 1996 = 2.06
- Max = 3.06, Min = 1.72
Current dollar gap: $700K
Prior month dollar gap: $659K ( $42K)
Prior year dollar gap: $705K ( $2K)
2 years prior dollar gap: $738K ( $22K)
1.78
3.06
2.06
1.50
1.75
2.00
2.25
2.50
2.75
3.00
3.25
Jan
Apr
Jul
Oct
Jan
Apr
Jul
Oct
Jan
Apr
Jul
Oct
Jan
Apr
Jul
Oct
Jan
Apr
Jul
Oct
Jan
Apr
Jul
Oct
Jan
Apr
Jul
Oct
Jan
Apr
Jul
Oct
Jan
Apr
Jul
Oct
Jan
Apr
Jul
Oct
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Ratio of Avg Prices: 416 Detached/416 Condo Apt
11. 416 20-year Price CAGR
(Compound annual growth rate, current month vs. same month 20 years ago)
20 year House performance: 20 year CAGR (as at current month) is 7.14%; MoM change 0 bps
20 year Condo performance: 20 year CAGR (as at current month) is 6.89%; MoM change 39 bps
7.07%
8.76%
7.14% 6.96% 7.14%
5.89%
5.74%
7.25% 7.28%
0%
2%
4%
6%
8%
10%
12%
14%
Jan Mar May Jul Sep Nov Jan Mar May Jul Sep Nov Jan Mar May Jul Sep Nov Jan Mar May Jul Sep Nov
2016 2017 2018 2019
416 Average Prices: 20 Year CAGR
Houses
Condos
12. 416 10-year Price CAGR
(Compound annual growth rate, current month vs. same month 10 years ago)
10 year House performance: 10 year CAGR (as at current month) is 7.91%; MoM change 24 bps
10 year Condo performance: 10 year CAGR (as at current month) is 7.57%; MoM change 0 bps
7.94%
10.93%
6.89%
9.51%
7.32%
7.91%
5.20%
8.00%
8.66%
7.57%
0%
2%
4%
6%
8%
10%
12%
14%
Jan Mar May Jul Sep Nov Jan Mar May Jul Sep Nov Jan Mar May Jul Sep Nov Jan Mar May Jul Sep Nov
2016 2017 2018 2019
416 Average Prices: 10 Year CAGR
Houses
Condos
13. 416 5-year Price CAGR
(Compound annual growth rate, current month vs. same month 5 years ago)
5 year House performance: 5 year CAGR (as at current month) is 7.88%; MoM change 50 bps
5 year Condo performance: 5 year CAGR (as at current month) is 10.59%; MoM change 55 bps
9.81%
13.90%
9.55%
6.05%
8.16% 7.88%
4.97%
3.75%
10.42%
9.11%
11.26%
9.42%
10.59%
0%
2%
4%
6%
8%
10%
12%
14%
Jan Mar May Jul Sep Nov Jan Mar May Jul Sep Nov Jan Mar May Jul Sep Nov Jan Mar May Jul Sep Nov
2016 2017 2018 2019
416 Average Prices: 5 Year CAGR
Houses
Condos
14. 416 Market Breakdown
1 year ago: Condos 61% / Houses 38%
5 years ago: Condos 51% / Houses 48%
10 years ago: Condos 49% / Houses 49%
15 years ago: Condos 43% / Houses 55%
20 years ago: Condos 39% / Houses 59%
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 38% of 2018 sales transactions,
they were 55% of dollar volume (38% and 59% in 2017,
35% and 64% in 2016).
Detached
69%
Semi
23%
Row
8%
Share of House Transactions - last 12 months
Apartment
90%
Townhouse
10%
Share of Condo Transactions - last 12 months
Houses
41%
Condos
58%
Share of Transactions - last 12 months
15. Would you like to make better-informed real estate decisions? I believe knowledge is
power. So I invest a lot of time researching and analyzing data and trends in the
Toronto real estate market. My Chartered Accountant (CPA, CA) side also compels
me to dig way deeper than most agents into the numbers on individual properties my
clients are interested in. If you would like to benefit from the same type of analysis and
insight that is sought by media outlets and institutional investors, reach out. Because
better information = better decisions.
Your home is the single largest investment you'll make — trust it with an accountant.
@areacode416 century21.ca/scott.ingram
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