- The document contains several charts analyzing the Toronto housing market from January 1994 to March 2021, including charts on monthly housing sales, new listings, average prices, and the sales-to-listings ratio. - The charts compare the current year's monthly data to the previous three years to examine seasonal trends and year-over-year changes. - Additional charts plot long-term monthly time series data from January 1994 to present with a trend line to illustrate the direction of the housing market over time.

1. TRREB Housing Market Charts
March 2021

2. Toronto Real Estate Board
January
February
M
arch
April
M
ay
June
July
August
Septem
ber
October
Novem
ber
Decem
ber
0
2,000
4,000
6,000
8,000
10,000
12,000
14,000
16,000
TRREB Housing Market Charts
Source: Toronto Regional Real Estate Board
2018 2019 2020 2021
TRREB MLS® Sales
Monthly with Three Previous Years for Comparison
Explanation: This chart plots monthly MLS® Sales for the current year and the previous three years. The recurring seasonal trend can be examined along with
comparisons to previous years for each month.

3. January
February
M
arch
April
M
ay
June
July
August
Septem
ber
October
Novem
ber
Decem
ber
0
5,000
10,000
15,000
20,000
25,000
TRREB Housing Market Charts
Source: Toronto Regional Real Estate Board
Toronto Regional Real Estate Board
2018 2019 2020 2021
Explanation: This chart plots monthly MLS® New Listings for the current year and the previous three years. The recurring seasonal trend can be examined along
with comparisons to previous years for each month.
TRREB MLS® New Listings
Monthly with Three Previous Years for Comparison

4. January
February
M
arch
April
M
ay
June
July
August
Septem
ber
October
Novem
ber
Decem
ber
0%
20%
40%
60%
80%
100%
120%
140%
TRREB Housing Market Charts
Source: Toronto Regional Real Estate Board
Toronto Regional Real Estate Board
2018 2019 2020 2021
Explanation: This chart plots monthly MLS® Sales-to-New Listings ratio for the current year and the previous three years. The recurring seasonal trend can be
examined along with comparisons to previous years for each month.
TRREB MLS® Sales-to-New Listings Ratio
Monthly with Three Previous Years for Comparison

5. January
February
M
arch
April
M
ay
June
July
August
Septem
ber
October
Novem
ber
Decem
ber
$0
$200,000
$400,000
$600,000
$800,000
$1,000,000
$1,200,000
Source: Toronto Regional Real Estate Board
Toronto Regional Real Estate Board
2018 2019 2020 2021
Explanation: This chart plots monthly MLS® Average Resale Home Price for the current year and the previous three years. The recurring seasonal trend can be
examined along with comparisons to previous years for each month.
TRREB MLS® Average Resale Home Price
Monthly with Three Previous Years for Comparison
TRREB Housing Market Charts

6. Jan-94
Jan-95
Jan-96
Jan-97
Jan-98
Jan-99
Jan-00
Jan-01
Jan-02
Jan-03
Jan-04
Jan-05
Jan-06
Jan-07
Jan-08
Jan-09
Jan-10
Jan-11
Jan-12
Jan-13
Jan-14
Jan-15
Jan-16
Jan-17
Jan-18
Jan-19
Jan-20
Jan-21
2,000
4,000
6,000
8,000
10,000
12,000
14,000
16,000
Source: Toronto Regional Real Estate Board
Explanation: This chart plots monthly MLS® sales since January 1994. The purple line shows actual sales. The brown line is the trend computed using a 12-month
moving average, which exhibits no seasonal variations or other irregular fluctuations. A substantial change in actual sales must occur to change the direction of the
trend.
Toronto Regional Real Estate Board
MLS Sales Sales Trend (12-Month Moving Average)
TRREB MLS® Sales
Monthly Time Series with Trend Line
TRREB Housing Market Charts

7. Jan-94
Jan-95
Jan-96
Jan-97
Jan-98
Jan-99
Jan-00
Jan-01
Jan-02
Jan-03
Jan-04
Jan-05
Jan-06
Jan-07
Jan-08
Jan-09
Jan-10
Jan-11
Jan-12
Jan-13
Jan-14
Jan-15
Jan-16
Jan-17
Jan-18
Jan-19
Jan-20
Jan-21
2,000
4,000
6,000
8,000
10,000
12,000
14,000
16,000
18,000
20,000
22,000
24,000
26,000
Source: Toronto Regional Real Estate Board
Explanation: This chart plots monthly MLS® new listings since January 1994. The purple line shows actual new listings. The brown line is the trend computed using
a 12-month moving average, which exhibits no seasonal variations or other irregular fluctuations. A substantial change in actual new listings must occur to change
the direction of the trend.
Toronto Regional Real Estate Board
MLS New Listings New Listings Trend (12-Month Moving Average)
TRREB MLS® New Listings
Monthly Time Series with Trend Line
TRREB Housing Market Charts

8. Jan-94
Jan-95
Jan-96
Jan-97
Jan-98
Jan-99
Jan-00
Jan-01
Jan-02
Jan-03
Jan-04
Jan-05
Jan-06
Jan-07
Jan-08
Jan-09
Jan-10
Jan-11
Jan-12
Jan-13
Jan-14
Jan-15
Jan-16
Jan-17
Jan-18
Jan-19
Jan-20
Jan-21
$175,000
$275,000
$375,000
$475,000
$575,000
$675,000
$775,000
$875,000
$975,000
$1,075,000
Source: Toronto Regional Real Estate Board
Explanation: This chart plots monthly MLS® average price since January 1994. The purple line shows the actual average price. The brown line is the trend
computed using a 12-month moving average, which exhibits no seasonal variations or other irregular fluctuations. A substantial change in actual average price
must occur to change the direction of the trend.
Toronto Regional Real Estate Board
MLS Average Price Average Price Trend (12-Month Moving Average)
TRREB MLS® Average Price
Monthly Time Series with Trend Line
TRREB Housing Market Charts

9. Sales-to-New
Listings
Ratio
(Blue
Line)
Average
Price
Annual
Per
Cent
Change
(Orange
Line)
Jan-06
Jul-06
Jan-07
Jul-07
Jan-08
Jul-08
Jan-09
Jul-09
Jan-10
Jul-10
Jan-11
Jul-11
Jan-12
Jul-12
Jan-13
Jul-13
Jan-14
Jul-14
Jan-15
Jul-15
Jan-16
Jul-16
Jan-17
Jul-17
Jan-18
Jul-18
Jan-19
Jul-19
Jan-20
Jul-20
Jan-21
Jul-21
0
0.2
0.4
0.6
0.8
1
1.2
1.4
-20%
-10%
0%
10%
20%
30%
40%
Source: Toronto Regional Real Estate Board
Explanation: This chart plots the monthly sales-to-new listings ratio (purple line) with year-over-year average annual per cent price change (brown line). When the
sales-to-new listings ratio moves higher, average annual per cent change in home prices generally trends higher. When the sales-to-new listings ratio moves lower,
average annual per cent change in home prices generally trends lower.
Toronto Regional Real Estate Board
Sales-to-New Listings Ratio Average Price Annual Per Cent Change
TRREB MLS® Sales-to-New Listings Ratio Compared to
Average Annual Price Per Cent Change in Home Price
TRREB Housing Market Charts