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Q2 2017 CONDO MARKET REPORT

- Condominium apartment sales in the GTA were down 8% year-over-year in Q2 2017 with 8,223 sales, while the average selling price increased 28.1% to $532,032. - The condo market remained resilient compared to low-rise segments, with condos accounting for a greater share of transactions. Market conditions were tight, resulting in ongoing strong price growth. - Surveys suggest condos will continue gaining popularity for home buyers, as many households, especially first-time buyers in Toronto, turn to more affordable ownership options like condos.

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$532,032 $415,454 Second Quarter 2017 Second Quarter 2016 Condo Market Report TREB Member Inquiries: (416) 443-8158 Media/Public Inquiries: (416) 443-8152 Average Condo Price Up Year-Over-Year in Q2 '17 TORONTO, ONTARIO, July 24, 2017 – Toronto Real Estate Board President Tim Syrianos announced the release of TREB’s Q2 2017 Condo Market Report. Greater Toronto Area REALTORS® reported 8,223 condominium apartment sales reported through TREB’s MLS® System between April and the end of June. This result was down by eight per cent compared to 8,942 sales reported in Q2 2016. New listings of condominium apartments were up slightly on a year-over-year basis by 0.7 per cent to 13,682. “Despite the recent dip in overall GTA home sales, the condominium apartment market was quite resilient, especially when compared to low-rise market segments. Condo apartment sales accounted for a greater share of overall transactions during the spring compared to the same period last year. Market conditions also remained tight, which resulted in the continuation of strong annual rates of price growth,” said Mr. Syrianos. The average selling price for condominium apartments increased by 28.1 per cent compared to Q2 2016. The average selling price for the TREB market area as a whole was $532,032, with the average price in the City of Toronto higher, at $566,513. “Recent consumer survey results from Ipsos suggest that condominium apartments will continue to gain in popularity with home buyers over the next year. This makes sense, given that many households, especially first-time buyers looking to live in the City of Toronto, have turned their attention in increasing numbers to less expensive forms of ownership housing,” said Jason Mercer, TREB’s Director of Market Analysis. TREB MLS® Average Condo Apartment Price Economic Indicators Condominium Apartment Market Summary Sources and Notes: i - Statistics Canada, Quarter-over-quarter growth, annualized ii - Statistics Canada, Year-over-year growth for the most recently reported month iii - Bank of Canada, Rate from most recent Bank of Canada announcement iv - Bank of Canada, rates for most recently completed month 8,223 8,942 Second Quarter 2017 Second Quarter 2016 Real GDP Growth Q1 2017 3.7% Toronto Employment Growth June 2017 1.1% Toronto Unemployment Rate June 2017 6.7% Inflation (Yr./Yr. CPI Growth) June 2017 1.0% Bank of Canada Overnight Rate June 2017 -- 0.50% Prime Rate June 2017 -- 2.70% 2017 2016 Sales Average Price Sales Average Price Total TREB Halton Region Peel Region City of Toronto York Region Durham Region Other Areas 8,223 $532,032 8,942 $415,454 277 $510,785 292 $439,428 1,153 $403,977 1,171 $304,164 5,878 $566,513 6,291 $442,834 742 $502,764 988 $390,301 152 $389,371 182 $299,216 21 $258,410 18 $253,300 Second Quarter 2017 Second Quarter 2017 Total TREB MLS® Condo Apartment Rentals Year-Over-Year Summary 1,6 1,6 1,6 2017 2016 % Chg. Sales New Listings Active Listings Average Price Average DOM 8,223 8,942 -8.0% 13,682 13,591 0.7% 3,907 5,185 -24.6% $532,032 $415,454 28.1% 12 25 -52.0% Active listings refer to last month of quarter. i Mortgage Rates June 2017 1 Year 3 Year 5 Year 3.14% 3.39% 4.64% 1 Year 3 Year 5 Year -- -- -- 1,6
Toronto Real Estate Board Condo Market Report, Second Quarter 2017 SUMMARY OF CONDOMINIUM APARTMENT TRANSACTIONS SECOND QUARTER 2017 ALL TREB AREAS 2 Sales Dollar Volume Average Price Median Price New Listings Active Listings Avg. SP / LP Avg. DOM TREB Total Halton Region Burlington Halton Hills Milton Oakville Peel Region Brampton Caledon Mississauga City of Toronto Toronto West Toronto Central Toronto East York Region Aurora E. Gwillimbury Georgina King Markham Newmarket Richmond Hill Vaughan Whitchurch-Stouffville Durham Region Ajax Brock Clarington Oshawa Pickering Scugog Uxbridge Whitby Dufferin County Orangeville Simcoe County Adjala-Tosorontio Bradford West GwillimburyEssa Innisfil New Tecumseth 8,223 $4,374,895,207 $532,032 $460,000 13,682 3,907 105% 12 277 $141,487,326 $510,785 $430,000 414 152 102% 17 94 $42,251,072 $449,479 $410,500 122 35 104% 12 6 $2,639,000 $439,833 $430,500 10 6 102% 22 53 $24,377,200 $459,947 $470,000 108 31 104% 11 124 $72,220,054 $582,420 $457,500 174 80 101% 22 1,153 $465,784,986 $403,977 $380,000 1,904 552 105% 12 182 $65,346,126 $359,045 $357,000 284 86 105% 12 3 $2,040,000 $680,000 $685,000 0 0 99% 21 968 $398,398,860 $411,569 $386,000 1,620 466 105% 12 5,878 $3,329,960,941 $566,513 $490,000 9,772 2,708 105% 12 1,257 $584,702,672 $465,157 $425,000 1,903 535 104% 13 3,852 $2,427,591,552 $630,216 $540,000 6,557 1,825 105% 12 769 $317,666,717 $413,091 $385,000 1,312 348 108% 12 742 $373,050,893 $502,764 $450,000 1,323 410 104% 12 16 $8,270,900 $516,931 $469,500 34 15 101% 15 0 - - - 0 0 - - 0 - - - 3 3 - - 11 $5,248,210 $477,110 $419,900 7 1 101% 17 299 $152,732,021 $510,809 $455,000 556 163 106% 11 18 $8,414,900 $467,494 $442,000 20 1 105% 12 189 $89,283,469 $472,399 $435,000 332 93 104% 11 205 $106,544,793 $519,731 $467,500 370 131 102% 13 4 $2,556,600 $639,150 $649,400 1 3 103% 70 152 $59,184,461 $389,371 $368,250 235 65 107% 11 35 $13,668,348 $390,524 $375,000 39 9 106% 12 0 - - - 0 0 - - 27 $9,134,400 $338,311 $330,000 56 20 104% 9 28 $9,390,959 $335,391 $313,789 47 16 115% 9 32 $13,658,977 $426,843 $407,500 54 15 110% 10 1 $435,000 $435,000 $435,000 1 0 109% 6 2 $799,900 $399,950 $399,950 1 0 98% 24 27 $12,096,877 $448,032 $405,000 37 5 103% 14 15 $3,468,600 $231,240 $232,000 17 7 98% 20 15 $3,468,600 $231,240 $232,000 17 7 98% 20 6 $1,958,000 $326,333 $296,500 17 13 101% 17 0 - - - 0 0 - - 2 $590,000 $295,000 $295,000 4 4 100% 11 0 - - - 0 0 - - 0 - - - 4 4 - - 4 $1,368,000 $342,000 $316,500 9 5 101% 21 1 1 1 1 2 3 4 5
Toronto Real Estate Board SUMMARY OF CONDOMINIUM APARTMENT TRANSACTIONS SECOND QUARTER 2017 CITY OF TORONTO 3 Sales Dollar Volume Average Price Median Price New Listings Active Listings Avg. SP / LP Avg. DOM TREB Total City of Toronto Total Toronto West Toronto W01 Toronto W02 Toronto W03 Toronto W04 Toronto W05 Toronto W06 Toronto W07 Toronto W08 Toronto W09 Toronto W10 Toronto Central Toronto C01 Toronto C02 Toronto C03 Toronto C04 Toronto C06 Toronto C07 Toronto C08 Toronto C09 Toronto C10 Toronto C11 Toronto C12 Toronto C13 Toronto C14 Toronto C15 Toronto East Toronto E01 Toronto E02 Toronto E03 Toronto E04 Toronto E05 Toronto E06 Toronto E07 Toronto E08 Toronto E09 Toronto E10 Toronto E11 8,223 $4,374,895,207 $532,032 $460,000 13,682 3,907 105% 12 5,878 $3,329,960,941 $566,513 $490,000 9,772 2,708 105% 12 1,257 $584,702,672 $465,157 $425,000 1,903 535 104% 13 124 $64,679,525 $521,609 $490,000 188 40 106% 12 61 $32,895,327 $539,268 $457,500 90 23 108% 9 24 $10,273,400 $428,058 $403,750 29 5 104% 12 88 $32,795,989 $372,682 $363,000 120 24 106% 14 78 $25,103,099 $321,835 $310,000 122 44 102% 14 392 $203,925,873 $520,219 $470,000 549 146 104% 15 15 $8,861,000 $590,733 $469,000 17 3 106% 10 301 $146,533,380 $486,822 $430,000 456 119 105% 11 51 $20,405,801 $400,114 $430,000 84 29 102% 12 123 $39,229,278 $318,937 $331,500 248 102 103% 14 3,852 $2,427,591,552 $630,216 $540,000 6,557 1,825 105% 12 1,629 $1,022,305,731 $627,566 $550,000 2,771 763 105% 12 141 $183,091,561 $1,298,522 $830,000 256 104 98% 26 47 $34,435,280 $732,666 $635,000 91 28 106% 17 51 $39,593,589 $776,345 $615,000 82 31 104% 16 65 $31,026,238 $477,327 $475,000 98 26 106% 13 228 $133,288,004 $584,597 $552,500 447 125 109% 11 622 $375,129,959 $603,103 $559,725 958 270 106% 12 35 $47,094,435 $1,345,555 $860,000 66 19 101% 16 119 $76,796,099 $645,345 $575,000 211 52 104% 10 86 $33,477,306 $389,271 $373,710 124 23 105% 11 24 $24,075,250 $1,003,135 $875,000 40 8 108% 18 149 $74,122,228 $497,465 $430,000 197 42 108% 10 367 $204,319,637 $556,729 $508,000 717 189 109% 10 289 $148,836,235 $515,004 $455,000 499 145 106% 11 769 $317,666,717 $413,091 $385,000 1,312 348 108% 12 54 $34,321,490 $635,583 $618,500 88 11 107% 8 30 $19,586,907 $652,897 $589,000 50 8 103% 18 31 $11,508,380 $371,238 $292,000 47 9 102% 11 112 $38,459,901 $343,392 $350,000 192 56 107% 11 99 $43,740,177 $441,820 $425,000 159 45 107% 10 13 $6,444,700 $495,746 $483,000 19 6 103% 25 135 $52,480,943 $388,748 $385,000 252 79 108% 11 48 $17,209,188 $358,525 $318,750 84 25 110% 8 159 $66,107,028 $415,767 $396,500 295 79 111% 11 15 $3,528,700 $235,247 $199,000 17 4 108% 14 73 $24,279,303 $332,593 $350,000 109 26 106% 14 Condo Market Report, Second Quarter 2017 1 1 1 1 2 3 4 5
Toronto Real Estate Board Condominium Apartment Market Summary 4 Condo Apartment Sales by Price Range (All Areas) Source: Toronto Real Estate Board Source: Toronto Real Estate Board Condo Apartment Price by Bedroom (All Areas) 72% 14% 9% 2% 3% 72% 14% 9% 2% 3% City of Toronto Peel Region York Region Durham Region Halton Region 2% 22% 24% 31% 15% 6% 2% 22% 24% 31% 15% 6% Bachelor One Bedroom One Bedroom + Den Two Bedroom Two Bedroom + Den Three Bedroom 0 500 1,000 1,500 2,000 2,500 0-199,999 200K-299,999 300K-399,999 400K-499,999 500K-599,999 600K-699,999 700K-799,999 800K-899,999 900K-999,999 1,000,000+ SellingPriceRange Number of Sales $0 $50,000 $100,000 $150,000 $200,000 $250,000 $300,000 $350,000 $400,000 $450,000 $500,000 $550,000 $600,000 $650,000 $700,000 Bachelor One Bedroom One Bedroom + Den Two Bedroom Two Bedroom + Den Three Bedroom Total Average Selling Price Median Selling Price Source: Toronto Real Estate Board Source: Toronto Real Estate Board Share of Total Condo Apartment Sales By TREB Area Share of Total Condo Apartment Sales By Bedroom Type (All Areas) Condo Market Report, Second Quarter 2017 1
Toronto Real Estate Board Sub-Market Breakdown: Downtown Core 5 Condo Apartment Sales by Price Range (Downtown Core) Source: Toronto Real Estate Board Condo Apartment Price by Bedroom Type (Downtown Core) Source: Toronto Real Estate Board Source: Toronto Real Estate Board Condo Apartment Sales By Bedroom Type (Downtown Core) 0 200 400 600 800 0-199,999 200K-299,999 300K-399,999 400K-499,999 500K-599,999 600K-699,999 700K-799,999 800K-899,999 900K-999,999 1,000,000+ SellingPriceRange Number of Sales $0 $100,000 $200,000 $300,000 $400,000 $500,000 $600,000 $700,000 $800,000 $900,000 $1,000,000 $1,100,000 $1,200,000 $1,300,000 $1,400,000 Bachelor One Bedroom One Bedroom + Den Two Bedroom Two Bedroom + Den Three Bedroom Total Average Selling Price Median Selling Price 0 100 200 300 400 500 600 700 800 92 722 675 499 220 43 Bachelor One Bedroom One Bedroom + Den Two Bedroom Two Bedroom + Den Three Bedroom Condo Market Report, Second Quarter 2017 1
Toronto Real Estate Board Sub-Market Breakdown: North York City Centre 6 Condo Apartment Sales by Price Range (North York City Centre) Source: Toronto Real Estate Board Condo Apartment Price by Bedroom Type (North York City Centre) Source: Toronto Real Estate Board Source: Toronto Real Estate Board Condo Apartment Sales By Bedroom Type (North York City Centre) 0 50 100 150 200 3 146 133 179 104 30 Bachelor One Bedroom One Bedroom + Den Two Bedroom Two Bedroom + Den Three Bedroom $0 $50,000 $100,000 $150,000 $200,000 $250,000 $300,000 $350,000 $400,000 $450,000 $500,000 $550,000 $600,000 $650,000 $700,000 $750,000 $800,000 Bachelor One Bedroom One Bedroom + Den Two Bedroom Two Bedroom + Den Three Bedroom Total Average Selling Price Median Selling Price Condo Market Report, Second Quarter 2017 0 80 160 240 0-199,999 200K-299,999 300K-399,999 400K-499,999 500K-599,999 600K-699,999 700K-799,999 800K-899,999 900K-999,999 1,000,000+ SellingPriceRange Number of Sales 1
Toronto Real Estate Board Sub-Market Breakdown: Mississauga City Centre 7 Condo Apartment Sales by Price Range (Mississauga City Centre) Source: Toronto Real Estate Board Condo Apartment Price By Bedroom Type (Mississauga City Centre) Source: Toronto Real Estate Board Source: Toronto Real Estate Board Condo Apartment Sales By Bedroom Type (Mississauga City Centre) 0 20 40 60 80 100 120 140 160 5 89 114 120 125 13 Bachelor One Bedroom One Bedroom + Den Two Bedroom Two Bedroom + Den Three Bedroom$0 $50,000 $100,000 $150,000 $200,000 $250,000 $300,000 $350,000 $400,000 $450,000 $500,000 $550,000 $600,000 $650,000 $700,000 $750,000 $800,000 Bachelor One Bedroom One Bedroom + Den Two Bedroom Two Bedroom + Den Three Bedroom Total Average Selling Price Median Selling Price Condo Market Report, Second Quarter 2017 0 200 400 0-199,999 200K-299,999 300K-399,999 400K-499,999 500K-599,999 600K-699,999 700K-799,999 800K-899,999 900K-999,999 1,000,000+ SellingPriceRange Number of Sales 1
Toronto Real Estate Board Rental Market Summary 8 Strong Annual Growth in Average Rents in Q2 2017 Source: Toronto Real Estate Board Number of Units Rented Source: Toronto Real Estate Board Average One-Bedroom Rents Number of Units Listed Source: Toronto Real Estate Board Greater Toronto Area REALTORS® reported 8,553 condominium apartment lease transactions through TREB’s MLS® System during the second quarter of 2017. This result was inline with the second quarter of 2016. The number of condominium apartments listed for rent at some point during the second quarter was down on a year-over-year basis by 3.1 per cent. The average one-bedroom condominium apartment rent for the TREB market area as a whole was up by 8.8 per cent year-over-year to $1,861. The average two-bedroom rent was up by 8.7 per cent year-over-year to $2,533. $0 $400 $800 $1,200 $1,600 $2,000 $2,400 Total TREB Downtown Core North York City Centre Mississauga City Centre 2017 2016 Q2 2017 vs. Q2 2016 Q2 2017 vs. Q2 2016 Q2 2017 vs. Q2 2016 0 500 1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500 5,000 5,500 6,000 Downtown Core North York City Centre Mississauga City Centre 2017 2016 0 500 1,000 1,500 2,000 2,500 3,000 3,500 4,000 Downtown Core North York City Centre Mississauga City Centre 2017 2016 Condo Market Report, Second Quarter 2017
Toronto Real Estate Board Share of GTA Condo Apartments In Rental NOTES 1 - Sales, dollar volume, average sale prices and median sale prices are based on firm transactions entered into the TREB MLS® system between the first and last day of the quarter being reported. 2 - New listings entered into the TREB MLS® system between the first and last day of the quarter being reported. 3 - Active listings as of the end of the last day of the quarter being reported. 4 - Ratio of the average selling price to the average listing price for firm transactions entered into the TREB MLS® system between the first and last day of the quarter being reported. 5 - Average number of days on the market for firm transactions entered into the TREB MLS® system between the first and last day of the quarter being reported. 6 - Past monthly and year-to-date figures are revised monthly. 9 Source: CMHC, Rental Market Report Source: CMHC, Rental Market Report 18.0% 28.6% 34.7% 26.9% 17.2% Halton Peel Toronto York Durham 0.6% 1.3% 1.0% 1.1% 0.4% Halton Peel Toronto York Durham GTA Condo Apartment Vacancy Rate Condo Market Report, Second Quarter 2017 Copyright® 2017 Toronto Real Estate Board

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Q2 2017 CONDO MARKET REPORT

  • 1.
    $532,032 $415,454 Second Quarter 2017Second Quarter 2016 Condo Market Report TREB Member Inquiries: (416) 443-8158 Media/Public Inquiries: (416) 443-8152 Average Condo Price Up Year-Over-Year in Q2 '17 TORONTO, ONTARIO, July 24, 2017 – Toronto Real Estate Board President Tim Syrianos announced the release of TREB’s Q2 2017 Condo Market Report. Greater Toronto Area REALTORS® reported 8,223 condominium apartment sales reported through TREB’s MLS® System between April and the end of June. This result was down by eight per cent compared to 8,942 sales reported in Q2 2016. New listings of condominium apartments were up slightly on a year-over-year basis by 0.7 per cent to 13,682. “Despite the recent dip in overall GTA home sales, the condominium apartment market was quite resilient, especially when compared to low-rise market segments. Condo apartment sales accounted for a greater share of overall transactions during the spring compared to the same period last year. Market conditions also remained tight, which resulted in the continuation of strong annual rates of price growth,” said Mr. Syrianos. The average selling price for condominium apartments increased by 28.1 per cent compared to Q2 2016. The average selling price for the TREB market area as a whole was $532,032, with the average price in the City of Toronto higher, at $566,513. “Recent consumer survey results from Ipsos suggest that condominium apartments will continue to gain in popularity with home buyers over the next year. This makes sense, given that many households, especially first-time buyers looking to live in the City of Toronto, have turned their attention in increasing numbers to less expensive forms of ownership housing,” said Jason Mercer, TREB’s Director of Market Analysis. TREB MLS® Average Condo Apartment Price Economic Indicators Condominium Apartment Market Summary Sources and Notes: i - Statistics Canada, Quarter-over-quarter growth, annualized ii - Statistics Canada, Year-over-year growth for the most recently reported month iii - Bank of Canada, Rate from most recent Bank of Canada announcement iv - Bank of Canada, rates for most recently completed month 8,223 8,942 Second Quarter 2017 Second Quarter 2016 Real GDP Growth Q1 2017 3.7% Toronto Employment Growth June 2017 1.1% Toronto Unemployment Rate June 2017 6.7% Inflation (Yr./Yr. CPI Growth) June 2017 1.0% Bank of Canada Overnight Rate June 2017 -- 0.50% Prime Rate June 2017 -- 2.70% 2017 2016 Sales Average Price Sales Average Price Total TREB Halton Region Peel Region City of Toronto York Region Durham Region Other Areas 8,223 $532,032 8,942 $415,454 277 $510,785 292 $439,428 1,153 $403,977 1,171 $304,164 5,878 $566,513 6,291 $442,834 742 $502,764 988 $390,301 152 $389,371 182 $299,216 21 $258,410 18 $253,300 Second Quarter 2017 Second Quarter 2017 Total TREB MLS® Condo Apartment Rentals Year-Over-Year Summary 1,6 1,6 1,6 2017 2016 % Chg. Sales New Listings Active Listings Average Price Average DOM 8,223 8,942 -8.0% 13,682 13,591 0.7% 3,907 5,185 -24.6% $532,032 $415,454 28.1% 12 25 -52.0% Active listings refer to last month of quarter. i Mortgage Rates June 2017 1 Year 3 Year 5 Year 3.14% 3.39% 4.64% 1 Year 3 Year 5 Year -- -- -- 1,6
  • 2.
    Toronto Real EstateBoard Condo Market Report, Second Quarter 2017 SUMMARY OF CONDOMINIUM APARTMENT TRANSACTIONS SECOND QUARTER 2017 ALL TREB AREAS 2 Sales Dollar Volume Average Price Median Price New Listings Active Listings Avg. SP / LP Avg. DOM TREB Total Halton Region Burlington Halton Hills Milton Oakville Peel Region Brampton Caledon Mississauga City of Toronto Toronto West Toronto Central Toronto East York Region Aurora E. Gwillimbury Georgina King Markham Newmarket Richmond Hill Vaughan Whitchurch-Stouffville Durham Region Ajax Brock Clarington Oshawa Pickering Scugog Uxbridge Whitby Dufferin County Orangeville Simcoe County Adjala-Tosorontio Bradford West GwillimburyEssa Innisfil New Tecumseth 8,223 $4,374,895,207 $532,032 $460,000 13,682 3,907 105% 12 277 $141,487,326 $510,785 $430,000 414 152 102% 17 94 $42,251,072 $449,479 $410,500 122 35 104% 12 6 $2,639,000 $439,833 $430,500 10 6 102% 22 53 $24,377,200 $459,947 $470,000 108 31 104% 11 124 $72,220,054 $582,420 $457,500 174 80 101% 22 1,153 $465,784,986 $403,977 $380,000 1,904 552 105% 12 182 $65,346,126 $359,045 $357,000 284 86 105% 12 3 $2,040,000 $680,000 $685,000 0 0 99% 21 968 $398,398,860 $411,569 $386,000 1,620 466 105% 12 5,878 $3,329,960,941 $566,513 $490,000 9,772 2,708 105% 12 1,257 $584,702,672 $465,157 $425,000 1,903 535 104% 13 3,852 $2,427,591,552 $630,216 $540,000 6,557 1,825 105% 12 769 $317,666,717 $413,091 $385,000 1,312 348 108% 12 742 $373,050,893 $502,764 $450,000 1,323 410 104% 12 16 $8,270,900 $516,931 $469,500 34 15 101% 15 0 - - - 0 0 - - 0 - - - 3 3 - - 11 $5,248,210 $477,110 $419,900 7 1 101% 17 299 $152,732,021 $510,809 $455,000 556 163 106% 11 18 $8,414,900 $467,494 $442,000 20 1 105% 12 189 $89,283,469 $472,399 $435,000 332 93 104% 11 205 $106,544,793 $519,731 $467,500 370 131 102% 13 4 $2,556,600 $639,150 $649,400 1 3 103% 70 152 $59,184,461 $389,371 $368,250 235 65 107% 11 35 $13,668,348 $390,524 $375,000 39 9 106% 12 0 - - - 0 0 - - 27 $9,134,400 $338,311 $330,000 56 20 104% 9 28 $9,390,959 $335,391 $313,789 47 16 115% 9 32 $13,658,977 $426,843 $407,500 54 15 110% 10 1 $435,000 $435,000 $435,000 1 0 109% 6 2 $799,900 $399,950 $399,950 1 0 98% 24 27 $12,096,877 $448,032 $405,000 37 5 103% 14 15 $3,468,600 $231,240 $232,000 17 7 98% 20 15 $3,468,600 $231,240 $232,000 17 7 98% 20 6 $1,958,000 $326,333 $296,500 17 13 101% 17 0 - - - 0 0 - - 2 $590,000 $295,000 $295,000 4 4 100% 11 0 - - - 0 0 - - 0 - - - 4 4 - - 4 $1,368,000 $342,000 $316,500 9 5 101% 21 1 1 1 1 2 3 4 5
  • 3.
    Toronto Real EstateBoard SUMMARY OF CONDOMINIUM APARTMENT TRANSACTIONS SECOND QUARTER 2017 CITY OF TORONTO 3 Sales Dollar Volume Average Price Median Price New Listings Active Listings Avg. SP / LP Avg. DOM TREB Total City of Toronto Total Toronto West Toronto W01 Toronto W02 Toronto W03 Toronto W04 Toronto W05 Toronto W06 Toronto W07 Toronto W08 Toronto W09 Toronto W10 Toronto Central Toronto C01 Toronto C02 Toronto C03 Toronto C04 Toronto C06 Toronto C07 Toronto C08 Toronto C09 Toronto C10 Toronto C11 Toronto C12 Toronto C13 Toronto C14 Toronto C15 Toronto East Toronto E01 Toronto E02 Toronto E03 Toronto E04 Toronto E05 Toronto E06 Toronto E07 Toronto E08 Toronto E09 Toronto E10 Toronto E11 8,223 $4,374,895,207 $532,032 $460,000 13,682 3,907 105% 12 5,878 $3,329,960,941 $566,513 $490,000 9,772 2,708 105% 12 1,257 $584,702,672 $465,157 $425,000 1,903 535 104% 13 124 $64,679,525 $521,609 $490,000 188 40 106% 12 61 $32,895,327 $539,268 $457,500 90 23 108% 9 24 $10,273,400 $428,058 $403,750 29 5 104% 12 88 $32,795,989 $372,682 $363,000 120 24 106% 14 78 $25,103,099 $321,835 $310,000 122 44 102% 14 392 $203,925,873 $520,219 $470,000 549 146 104% 15 15 $8,861,000 $590,733 $469,000 17 3 106% 10 301 $146,533,380 $486,822 $430,000 456 119 105% 11 51 $20,405,801 $400,114 $430,000 84 29 102% 12 123 $39,229,278 $318,937 $331,500 248 102 103% 14 3,852 $2,427,591,552 $630,216 $540,000 6,557 1,825 105% 12 1,629 $1,022,305,731 $627,566 $550,000 2,771 763 105% 12 141 $183,091,561 $1,298,522 $830,000 256 104 98% 26 47 $34,435,280 $732,666 $635,000 91 28 106% 17 51 $39,593,589 $776,345 $615,000 82 31 104% 16 65 $31,026,238 $477,327 $475,000 98 26 106% 13 228 $133,288,004 $584,597 $552,500 447 125 109% 11 622 $375,129,959 $603,103 $559,725 958 270 106% 12 35 $47,094,435 $1,345,555 $860,000 66 19 101% 16 119 $76,796,099 $645,345 $575,000 211 52 104% 10 86 $33,477,306 $389,271 $373,710 124 23 105% 11 24 $24,075,250 $1,003,135 $875,000 40 8 108% 18 149 $74,122,228 $497,465 $430,000 197 42 108% 10 367 $204,319,637 $556,729 $508,000 717 189 109% 10 289 $148,836,235 $515,004 $455,000 499 145 106% 11 769 $317,666,717 $413,091 $385,000 1,312 348 108% 12 54 $34,321,490 $635,583 $618,500 88 11 107% 8 30 $19,586,907 $652,897 $589,000 50 8 103% 18 31 $11,508,380 $371,238 $292,000 47 9 102% 11 112 $38,459,901 $343,392 $350,000 192 56 107% 11 99 $43,740,177 $441,820 $425,000 159 45 107% 10 13 $6,444,700 $495,746 $483,000 19 6 103% 25 135 $52,480,943 $388,748 $385,000 252 79 108% 11 48 $17,209,188 $358,525 $318,750 84 25 110% 8 159 $66,107,028 $415,767 $396,500 295 79 111% 11 15 $3,528,700 $235,247 $199,000 17 4 108% 14 73 $24,279,303 $332,593 $350,000 109 26 106% 14 Condo Market Report, Second Quarter 2017 1 1 1 1 2 3 4 5
  • 4.
    Toronto Real EstateBoard Condominium Apartment Market Summary 4 Condo Apartment Sales by Price Range (All Areas) Source: Toronto Real Estate Board Source: Toronto Real Estate Board Condo Apartment Price by Bedroom (All Areas) 72% 14% 9% 2% 3% 72% 14% 9% 2% 3% City of Toronto Peel Region York Region Durham Region Halton Region 2% 22% 24% 31% 15% 6% 2% 22% 24% 31% 15% 6% Bachelor One Bedroom One Bedroom + Den Two Bedroom Two Bedroom + Den Three Bedroom 0 500 1,000 1,500 2,000 2,500 0-199,999 200K-299,999 300K-399,999 400K-499,999 500K-599,999 600K-699,999 700K-799,999 800K-899,999 900K-999,999 1,000,000+ SellingPriceRange Number of Sales $0 $50,000 $100,000 $150,000 $200,000 $250,000 $300,000 $350,000 $400,000 $450,000 $500,000 $550,000 $600,000 $650,000 $700,000 Bachelor One Bedroom One Bedroom + Den Two Bedroom Two Bedroom + Den Three Bedroom Total Average Selling Price Median Selling Price Source: Toronto Real Estate Board Source: Toronto Real Estate Board Share of Total Condo Apartment Sales By TREB Area Share of Total Condo Apartment Sales By Bedroom Type (All Areas) Condo Market Report, Second Quarter 2017 1
  • 5.
    Toronto Real EstateBoard Sub-Market Breakdown: Downtown Core 5 Condo Apartment Sales by Price Range (Downtown Core) Source: Toronto Real Estate Board Condo Apartment Price by Bedroom Type (Downtown Core) Source: Toronto Real Estate Board Source: Toronto Real Estate Board Condo Apartment Sales By Bedroom Type (Downtown Core) 0 200 400 600 800 0-199,999 200K-299,999 300K-399,999 400K-499,999 500K-599,999 600K-699,999 700K-799,999 800K-899,999 900K-999,999 1,000,000+ SellingPriceRange Number of Sales $0 $100,000 $200,000 $300,000 $400,000 $500,000 $600,000 $700,000 $800,000 $900,000 $1,000,000 $1,100,000 $1,200,000 $1,300,000 $1,400,000 Bachelor One Bedroom One Bedroom + Den Two Bedroom Two Bedroom + Den Three Bedroom Total Average Selling Price Median Selling Price 0 100 200 300 400 500 600 700 800 92 722 675 499 220 43 Bachelor One Bedroom One Bedroom + Den Two Bedroom Two Bedroom + Den Three Bedroom Condo Market Report, Second Quarter 2017 1
  • 6.
    Toronto Real EstateBoard Sub-Market Breakdown: North York City Centre 6 Condo Apartment Sales by Price Range (North York City Centre) Source: Toronto Real Estate Board Condo Apartment Price by Bedroom Type (North York City Centre) Source: Toronto Real Estate Board Source: Toronto Real Estate Board Condo Apartment Sales By Bedroom Type (North York City Centre) 0 50 100 150 200 3 146 133 179 104 30 Bachelor One Bedroom One Bedroom + Den Two Bedroom Two Bedroom + Den Three Bedroom $0 $50,000 $100,000 $150,000 $200,000 $250,000 $300,000 $350,000 $400,000 $450,000 $500,000 $550,000 $600,000 $650,000 $700,000 $750,000 $800,000 Bachelor One Bedroom One Bedroom + Den Two Bedroom Two Bedroom + Den Three Bedroom Total Average Selling Price Median Selling Price Condo Market Report, Second Quarter 2017 0 80 160 240 0-199,999 200K-299,999 300K-399,999 400K-499,999 500K-599,999 600K-699,999 700K-799,999 800K-899,999 900K-999,999 1,000,000+ SellingPriceRange Number of Sales 1
  • 7.
    Toronto Real EstateBoard Sub-Market Breakdown: Mississauga City Centre 7 Condo Apartment Sales by Price Range (Mississauga City Centre) Source: Toronto Real Estate Board Condo Apartment Price By Bedroom Type (Mississauga City Centre) Source: Toronto Real Estate Board Source: Toronto Real Estate Board Condo Apartment Sales By Bedroom Type (Mississauga City Centre) 0 20 40 60 80 100 120 140 160 5 89 114 120 125 13 Bachelor One Bedroom One Bedroom + Den Two Bedroom Two Bedroom + Den Three Bedroom$0 $50,000 $100,000 $150,000 $200,000 $250,000 $300,000 $350,000 $400,000 $450,000 $500,000 $550,000 $600,000 $650,000 $700,000 $750,000 $800,000 Bachelor One Bedroom One Bedroom + Den Two Bedroom Two Bedroom + Den Three Bedroom Total Average Selling Price Median Selling Price Condo Market Report, Second Quarter 2017 0 200 400 0-199,999 200K-299,999 300K-399,999 400K-499,999 500K-599,999 600K-699,999 700K-799,999 800K-899,999 900K-999,999 1,000,000+ SellingPriceRange Number of Sales 1
  • 8.
    Toronto Real EstateBoard Rental Market Summary 8 Strong Annual Growth in Average Rents in Q2 2017 Source: Toronto Real Estate Board Number of Units Rented Source: Toronto Real Estate Board Average One-Bedroom Rents Number of Units Listed Source: Toronto Real Estate Board Greater Toronto Area REALTORS® reported 8,553 condominium apartment lease transactions through TREB’s MLS® System during the second quarter of 2017. This result was inline with the second quarter of 2016. The number of condominium apartments listed for rent at some point during the second quarter was down on a year-over-year basis by 3.1 per cent. The average one-bedroom condominium apartment rent for the TREB market area as a whole was up by 8.8 per cent year-over-year to $1,861. The average two-bedroom rent was up by 8.7 per cent year-over-year to $2,533. $0 $400 $800 $1,200 $1,600 $2,000 $2,400 Total TREB Downtown Core North York City Centre Mississauga City Centre 2017 2016 Q2 2017 vs. Q2 2016 Q2 2017 vs. Q2 2016 Q2 2017 vs. Q2 2016 0 500 1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500 5,000 5,500 6,000 Downtown Core North York City Centre Mississauga City Centre 2017 2016 0 500 1,000 1,500 2,000 2,500 3,000 3,500 4,000 Downtown Core North York City Centre Mississauga City Centre 2017 2016 Condo Market Report, Second Quarter 2017
  • 9.
    Toronto Real EstateBoard Share of GTA Condo Apartments In Rental NOTES 1 - Sales, dollar volume, average sale prices and median sale prices are based on firm transactions entered into the TREB MLS® system between the first and last day of the quarter being reported. 2 - New listings entered into the TREB MLS® system between the first and last day of the quarter being reported. 3 - Active listings as of the end of the last day of the quarter being reported. 4 - Ratio of the average selling price to the average listing price for firm transactions entered into the TREB MLS® system between the first and last day of the quarter being reported. 5 - Average number of days on the market for firm transactions entered into the TREB MLS® system between the first and last day of the quarter being reported. 6 - Past monthly and year-to-date figures are revised monthly. 9 Source: CMHC, Rental Market Report Source: CMHC, Rental Market Report 18.0% 28.6% 34.7% 26.9% 17.2% Halton Peel Toronto York Durham 0.6% 1.3% 1.0% 1.1% 0.4% Halton Peel Toronto York Durham GTA Condo Apartment Vacancy Rate Condo Market Report, Second Quarter 2017 Copyright® 2017 Toronto Real Estate Board