The Toronto Real Estate Board President announced that home sales in the Greater Toronto Area increased 10.9% in September 2014 compared to September 2013, with 8,051 transactions reported. Year-to-date sales were also up 6.9% from the previous year. The average home price in September was $573,676, an increase of 7.7% from the previous year. If current sales growth continues, a new annual sales record could be set for the region in 2014.

1. NEWS RELEASE
Greater
Toronto
REALTORS®
Report
Monthly
MLS
Housing
Figures
TORONTO, October 3, 2014 – Toronto Real Estate Board President Paul Etherington announced that
there were 8,051 transactions reported through the TorontoMLS system in September 2014. This result
represented a 10.9 per cent increase compared to September 2013. On a year-to-date basis through the
first three quarters of the year, sales were up by 6.9 per cent annually to 73,465.
"Despite a persistent shortage of listings in some market segments, we have experienced strong growth
in sales though the first nine months of 2014. This is evidence that GTA households remain upbeat about
purchasing a home. The majority of home buyers purchase a home using a mortgage. The share of the
average household's income dedicated to their mortgage payment remains affordable, which is why buyer
interest has remained solid," said Mr. Etherington.
The average selling price for September 2014 transactions was $573,676 – up by 7.7 per cent compared
to the same period in 2013. Average year-over-year price growth was strongest in the City of Toronto,
both for low-rise home types like detached and semi-detached houses and for condominium apartments.
The average selling price year-to-date was $563,813 – up 8.5 per cent compared to the first nine months
of 2013.
"If the current pace of sales growth remains in place, we could be flirting with a new record for residential
sales reported by TREB Members this year. On the pricing front, the multitude of willing buyers in the
marketplace coupled with the short supply of listings will continue to translate into very strong annual
rates of price growth in the fourth quarter," said Jason Mercer, TREB's Director of Market Analysis.
Summary
of
TorontoMLS
Sales
and
Average
Price
September
1
-­‐
30
2014
2013
Sales
Average
Price
New
Listings
Sales
Average
Price
New
Listings
City
of
Toronto
("416")
3,063
$624,851
6,609
2,746
$569,183
5,945
Rest
of
GTA
("905")
4,988
$542,250
9,083
4,511
$510,097
8,883
GTA
8,051
$573,676
15,692
7,257
$532,455
14,828
TorontoMLS
Sales
&
Average
Price
By
Home
Type
September
1
-­‐
30,
2014
Sales
Average
Price
416
905
Total
416
905
Total
Detached
1,0
52
2,8
24
3,8
76
951,
792
656,
003
736,
284
Yr./Yr.
%
Change
10.6%
6.5%
7.6%
11.5%
8.0%
9.5%
Semi-­‐Detached
313
514
827
689,414
447,485
539,050
Yr./Yr.
%
Change
6.1%
15.0%
11.5%
12.2%
10.1%
10.2%
Townhouse
296
931
1,227
476,408
409,327
425,509
Yr./Yr.
%
Change
3.5%
8.4%
7.2%
4.2%
5.4%
4.9%
Condo
Apartment
1,376
600
1,976
395,505
300,273
366,588
Yr./Yr.
%
Change
15.6%
32.2%
20.2%
9.2%
3.5%
7.1%
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 39,000 TREB Members serve consumers in the Greater Toronto Area.
TREB 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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