GTA REALTORS® Release August 2019 Stats
Toronto Real Estate Board President Michael Collins announced that Greater Toronto Area REALTORS® reported 7,711 residential sales through TREB's MLS® System in August 2019. This result represented a 13.4 per cent increase compared to 6,797 sales reported in August 2018. On a monthover- month basis, after preliminary seasonal adjustment, sales were up by 0.8 per cent.
GTA-wide sales were up on a year-over-year basis for all major market segments, with annual rates of sales growth strongest for low-rise home types including detached houses. This reflects the fact that demand for more expensive home types was very low in 2018 and has rebounded to a certain degree in 2019, albeit not back to the record levels experienced in 2016 and the first quarter of 2017.
Market conditions also became tighter in August 2019 compared to a year ago because, while sales were up year-over-year, new listings were down by three per cent over the same time period to 11,789. Year-to-date, growth in sales has well outstripped growth in new listings. This is why overall active listings counted at the end of August were down by more than 11 per cent compared to August 2018.
The MLS® Home Price Index Composite Benchmark for August 2019 was up by 4.9 per cent on a year-over-year basis. The average selling price, at $792,611 in August 2019, was up by 3.6 per cent year-over-year. Both the MLS® HPI benchmark prices and average selling prices were up on an annual basis for major market segments. The condominium apartment segment continued to lead the way in terms of price growth, followed by higher density low-rise home types and finally detached houses.
TORONTO REAL ESTATE BOARD'S -- MARKET WATCH - AUGUST 2019
1.
2. Toronto Employment
Growth
July 2019 4.0%
Month August 2019
1 Year
3 Year
5 Year
3.64%
3.94%
5.19%
August 2019
1 Year
3 Year
5 Year
--
--
Market Watch
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GTA REALTORS® Release August 2019 Stats
TORONTO, SEPTEMBER 5, 2019 – Toronto Real Estate Board President Michael
Collins announced that Greater Toronto Area REALTORS® reported 7,711 residential
sales through TREB’s MLS® System in August 2019. This result represented a 13.4
per cent increase compared to 6,797 sales reported in August 2018. On a month-
over-month basis, after preliminary seasonal adjustment, sales were up by 0.8 per
cent.
GTA-wide sales were up on a year-over-year basis for all major market segments,
with annual rates of sales growth strongest for low-rise home types including
detached houses. This reflects the fact that demand for more expensive home types
was very low in 2018 and has rebounded to a certain degree in 2019, albeit not back
to the record levels experienced in 2016 and the first quarter of 2017.
Market conditions also became tighter in August 2019 compared to a year ago
because, while sales were up year-over-year, new listings were down by three per
cent over the same time period to 11,789. Year-to-date, growth in sales has well
outstripped growth in new listings. This is why overall active listings counted at the
end of August were down by more than 11 per cent compared to August 2018.
The MLS® Home Price Index Composite Benchmark for August 2019 was up by 4.9
per cent on a year-over-year basis. The average selling price, at $792,611 in August
2019, was up by 3.6 per cent year-over-year. Both the MLS® HPI benchmark prices
and average selling prices were up on an annual basis for major market segments.
The condominium apartment segment continued to lead the way in terms of price
growth, followed by higher density low-rise home types and finally detached houses.
TREB MLS® Sales Activity
7,711
6,797
August 2019 August 2018
TREB MLS® Average Price
$792,611
$765,252
August 2019 August 2018
Year-Over-Year Summary
2019 2018 % Chg.
Sales
New Listings
Active Listings
Average Price
Average DOM
7,711 6,797 13.4%
11,789 12,158 -3.0%
15,870 17,864 -11.2%
$792,611 $765,252 3.6%
25 27 -7.4%
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
Real GDP Growth
Q2 2019 3.7%
Toronto Unemployment
Rate
July 2019 5.7%
Inflation Rate (Yr./Yr. CPI
Growth)
July 2019 -- 2.0%
Bank of Canada Overnight
Rate
August 2019 -- 1.75%
Prime Rate
August 2019 -- 3.95%
Economic Indicators
Metrics Sales Average Price
416 905 Total 416 905 Total
2019
Detached
Semi - Detached
Townhouse
Condo Apartment
669 2,949 3,618 $1,246,392 $918,242 $978,920
188 454 642 $956,411 $690,305 $768,230
262 1,030 1,292 $712,934 $620,927 $639,584
1,410 657 2,067 $619,307 $478,755 $574,632
Sales & Average Price By Major Home Type
August 2019
August 2019
i
ii
ii
iii
iv
Detached
Semi - Detached
Townhouse
Condo Apartment
0.3% 1.3% 0.3%
7.3% 3.3% 3.5%
4.1% 1.7% 2.3%
5.7% 8.5% 6.1%
Detached
Semi - Detached
Townhouse
Condo Apartment
8.8% 24.5% 21.3%
-1.6% 18.5% 11.8%
17.0% 12.9% 13.7%
2.2% 8.2% 4.0%
1,7
1,7
1,7
1,7
Year-Over-Year Per Cent Change
Mortgage Rates
3. Toronto Real Estate Board
Market Watch, August 2019
SALES BY PRICE RANGE AND HOUSE TYPE AUGUST 2019
2
Price Range Detached Semi-Detached Att/Row/Twnhouse Condo Townhouse Condo Apt Link Co-op Apt Det Condo Co-ownership Apt Total
$0 to $99,999
$100,000 to $199,999
$200,000 to $299,999
$300,000 to $399,999
$400,000 to $499,999
$500,000 to $599,999
$600,000 to $699,999
$700,000 to $799,999
$800,000 to $899,999
$900,000 to $999,999
$1,000,000 to $1,249,999
$1,250,000 to $1,499,999
$1,500,000 to $1,749,999
$1,750,000 to $1,999,999
$2,000,000+
1 0 0 0 0 0 0 0 0 1
3 0 0 1 7 0 0 0 0 11
25 0 1 9 23 0 3 0 1 62
56 8 4 47 255 0 1 0 0 371
127 41 65 139 648 10 3 2 1 1,036
288 54 131 162 474 8 1 1 0 1,119
424 145 239 134 304 11 0 3 0 1,260
556 200 129 58 132 22 0 2 0 1,099
546 93 58 17 90 12 1 1 0 818
421 39 35 18 50 5 0 0 0 568
561 33 22 6 40 2 1 0 0 665
269 14 11 3 21 0 0 0 0 318
134 8 1 0 10 0 0 0 0 153
58 3 1 0 8 0 1 0 0 71
149 4 1 0 5 0 0 0 0 159
Price Range Detached Semi-Detached Att/Row/Twnhouse Condo Townhouse Condo Apt Link Co-op Apt Det Condo Co-ownership Apt Total
$0 to $99,999
$100,000 to $199,999
$200,000 to $299,999
$300,000 to $399,999
$400,000 to $499,999
$500,000 to $599,999
$600,000 to $699,999
$700,000 to $799,999
$800,000 to $899,999
$900,000 to $999,999
$1,000,000 to $1,249,999
$1,250,000 to $1,499,999
$1,500,000 to $1,749,999
$1,750,000 to $1,999,999
$2,000,000+
3 0 1 0 2 0 0 0 0 6
34 0 0 6 43 0 3 0 0 86
94 3 2 55 255 0 14 1 9 433
370 87 48 372 2,313 5 7 3 12 3,217
1,042 267 474 1,107 4,788 76 6 15 14 7,789
2,107 521 1,085 1,281 3,580 98 4 14 2 8,692
3,212 1,320 1,735 941 2,240 88 2 11 2 9,551
4,202 1,593 980 354 1,081 121 2 10 1 8,344
4,065 720 587 147 653 111 3 9 0 6,295
3,074 355 272 105 377 48 4 6 0 4,241
4,099 374 202 89 361 23 3 3 0 5,154
2,252 250 94 38 154 0 3 1 0 2,792
1,148 106 36 21 86 1 0 1 0 1,399
569 50 11 7 62 0 1 0 0 700
1,312 50 18 8 90 0 0 0 0 1,478
SALES BY PRICE RANGE AND HOUSE TYPE YEAR-TO-DATE, 2019
Total Sales
Share of Total Sales
Average Price
3,618 642 698 594 2,067 70 11 9 2 7,711
46.9% 8.3% 9.1% 7.7% 26.8% 0.9% 0.1% 0.1% 0.0% 100.0%
$978,920 $768,230 $691,768 $578,264 $574,632 $711,589 $599,718 $627,889 $360,000 $792,611
Total Sales
Share of Total Sales
Average Price
27,583 5,696 5,545 4,531 16,085 571 52 74 40 60,177
45.8% 9.5% 9.2% 7.5% 26.7% 0.9% 0.1% 0.1% 0.1% 100.0%
$1,002,206 $804,045 $706,870 $588,987 $577,398 $705,625 $569,802 $679,695 $392,223 $807,584
1,7
1,7
28. Toronto Real Estate Board
Market Watch, August 2019
HISTORIC ANNUAL STATISTICS
27
Year Sales Average Price
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
93,193 $376,236
74,552 $379,347
87,308 $395,460
85,545 $431,276
89,096 $465,014
85,496 $497,130
87,049 $522,958
92,782 $566,624
101,213 $622,121
113,040 $729,837
92,335 $822,727
2018 MONTHLY STATISTICS
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 month/period being reported.
2 - New listings entered into the TREB MLS® system between the first and last day of the month/period being reported.
3 - Active listings at the end of the last day of the month/period 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 month/period 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 month/period
being reported.
6 - Due to past changes to TREB's service area, caution should be exercised when making historical comparisons.
7 - Past monthly and year-to-date figures are revised on a monthly basis.
8 - SNLR = Sales-to-New Listings Ratio. Calculated using a 12-month moving average (sales/new listings).
9 - Mos. Inv. = Months of Inventory. Calculated using a 12-month moving average (active listings/sales).
2019 MONTHLY STATISTICS
*For historic annual sales and average price data over a longer time frame go to:
January
February
March
April
May
June
July
August
September
October
November
December
Year to Date
3,969 $747,515
4,983 $779,748
7,135 $788,169
9,007 $820,539
9,955 $838,275
8,836 $831,923
8,581 $806,862
7,711 $792,611
- -
- -
- -
- -
60,177 $800,705
January
February
March
April
May
June
July
August
September
October
November
December
Annual
3,987 $735,874
5,148 $767,801
7,188 $784,514
7,742 $804,894
8,402 $809,305
8,024 $808,066
6,915 $781,914
6,797 $765,252
6,414 $796,782
7,448 $807,538
6,207 $787,559
3,747 $749,019
78,019 $787,876
1,6,7
1,7
1,7
http://www.torontorealestateboard.com/market_news/market_watch/historic_stats/p
df/TREB_historic_statistics.pdf
Copyright® 2019 Toronto Real Estate Board
$807,58460,177