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Market watch march 2013
1. 7,765
9,385
March 2013 March 2012
$519,879
$500,875
March 2013 March 2012
For All TREB Member Inquiries:
(416) 443-8152
For All Media/Public Inquiries:
(416) 443-8158March 2013
Real GDP Growthi
Q4 2012 t 0.6%
Toronto Employment Growthii
February 2013 t 4.6%
Toronto Unemployment Rate
February 2013 t 8.4%
Inflation (Yr./Yr. CPI Growth)ii
February 2013 t 1.2%
Bank of Canada Overnight Rateiii
March 2013 q 1.0%
Prime Rate
iv
March 2013 q 3.0%
Mortgage Rates (Mar. 2013)
iv
Chartered Bank Fixed Rates
1 Year q 3.00%
3 Year u 3.55%
5 Year u 5.14%
Sources and Notes:
Economic Indicators
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
Sales & Average Price By Major Home Type1,7
416 905 Total 416 905 Total
Detached 975 2,794 3,769 $846,828 $592,265 $658,118
Yr./Yr. % Change -21.6% -16.4% -17.8% 2.8% 5.4% 4.0%
Semi-Detached 314 573 887 $607,334 $403,031 $475,355
Yr./Yr. % Change -15.1% -14.0% -14.4% 6.9% 3.1% 4.6%
Townhouse 300 884 1,184 $450,104 $369,590 $389,990
Yr./Yr. % Change -18.5% -13.5% -14.8% 7.5% 4.2% 5.0%
Condo Apartment 1,266 505 1,771 $367,595 $278,984 $342,327
Yr./Yr. % Change -18.7% -17.8% -18.4% 2.0% 1.3% 1.7%
March 2013
Sales Average Price
Average Price up in March and First Quarter
TORONTO, April 3, 2013 – Greater Toronto Area REALTORS® reported 7,765 transactions
through the TorontoMLS system in March 2013 – down 17 per cent compared to 9,385
transactions in March 2012. While the year-over-year dip in March sales followed the
trend that has unfolded since mid-way through 2012, it is also important to note that the
Good Friday holiday was in March this year versus April in 2012. Generally speaking, there
are fewer sales reported on statutory holidays and weekends.
In the first quarter of 2013, sales amounted to 17,678 – down by 14 per cent compared to
Q1 2012.
"Home ownership remains affordable for a household earning the average income in the
Greater Toronto Area. There are many willing buyers in the marketplace today. While
some households have put their decision to purchase on hold as a result of stricter lending
guidelines or the additional Land Transfer Tax in the City of Toronto, other households
simply haven’t been able to find the right house due to a shortage of listings in some
market segments," said Toronto Real Estate Board President Ann Hannah.
The average selling price in March was $519,879 – up by 3.8 per cent compared to March
2012. The average price in Q1 2013 was $508,066 – up by 3.2 per cent compared to the
first quarter of 2012.
"The average selling price and the MLS® Home Price Index Composite Benchmark was up
on a year-over-year basis across most home types, especially in the low-rise market
segments where supply remains an issue. TREB's average price forecast for 2013 remains
at $515,000, representing a 3.5 per cent annual rate of growth," said Jason Mercer, TREB's
Senior Manager of Market Analysis.
2013 2012 % Chg.
Sales 7,765 9,385 -17.3%
New Listings 14,728 16,191 -9.0%
Active Listings 18,384 16,920 8.7%
Average Price $519,879 $500,875 3.8%
Average DOM 24 21 13.8%
Year-Over-Year Summary
1,7
TorontoMLS Sales Activity1,7
TorontoMLS Average Price1,7
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 1 0 0 2 16 0 1 0 1 21
$100,000 to $199,999 41 9 4 39 227 1 0 0 1 322
$200,000 to $299,999 227 62 81 182 573 21 1 1 3 1,151
$300,000 to $399,999 507 242 205 211 548 30 3 2 0 1,748
$400,000 to $499,999 706 320 169 82 215 34 0 2 0 1,528
$500,000 to $599,999 660 119 90 29 82 34 2 1 0 1,017
$600,000 to $699,999 498 65 41 12 45 11 0 2 0 674
$700,000 to $799,999 342 24 12 8 26 2 0 0 0 414
$800,000 to $899,999 240 20 6 1 8 0 0 0 0 275
$900,000 to $999,999 129 11 3 2 7 0 1 0 0 153
$1,000,000 to $1,249,999 149 8 1 0 12 0 0 0 0 170
$1,250,000 to $1,499,999 109 3 2 0 7 0 0 0 0 121
$1,500,000 to $1,749,999 64 2 0 0 1 0 0 0 0 67
$1,750,000 to $1,999,999 31 0 1 0 0 0 0 0 0 32
$2,000,000 + 65 2 0 1 4 0 0 0 0 72
Total Sales 3,769 887 615 569 1,771 133 8 8 5 7,765
Share of Total Sales 48.5% 11.4% 7.9% 7.3% 22.8% 1.7% 0.1% 0.1% 0.1% -
Average Price $658,118 $475,355 $433,340 $343,136 $342,327 $441,088 $418,300 $475,063 $190,900 $519,879
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 5 0 1 7 43 0 3 0 1 60
$100,000 to $199,999 93 24 6 100 551 1 9 0 2 786
$200,000 to $299,999 569 135 190 405 1,388 51 4 4 7 2,753
$300,000 to $399,999 1,201 560 515 490 1,255 79 5 2 3 4,110
$400,000 to $499,999 1,640 692 412 174 496 73 1 4 0 3,492
$500,000 to $599,999 1,541 262 185 62 184 59 2 2 0 2,297
$600,000 to $699,999 1,040 122 80 25 90 23 1 2 0 1,383
$700,000 to $799,999 738 52 32 19 48 2 0 0 0 891
$800,000 to $899,999 489 40 12 7 18 0 0 0 0 566
$900,000 to $999,999 276 24 8 7 19 0 1 0 0 335
$1,000,000 to $1,249,999 344 22 4 2 19 0 0 0 0 391
$1,250,000 to $1,499,999 229 5 2 0 12 0 0 0 0 248
$1,500,000 to $1,749,999 131 7 1 0 4 0 0 0 0 143
$1,750,000 to $1,999,999 71 3 1 0 1 0 0 0 0 76
$2,000,000 + 137 4 0 1 5 0 0 0 0 147
Total Sales 8,504 1,952 1,449 1,299 4,133 288 26 14 13 17,678
Share of Total Sales 48.1% 11.0% 8.2% 7.3% 23.4% 1.6% 0.1% 0.1% 0.1% -
Average Price $644,512 $472,865 $427,175 $342,191 $332,846 $424,387 $275,535 $428,607 $238,531 $508,066
SALES BY PRICE RANGE AND HOUSE TYPE1,7
MARCH 2013
SALES BY PRICE RANGE AND HOUSE TYPE1,7
YEAR-TO-DATE, 2013
Market Watch, March 2013
July 2010Page 3
2
Toronto Real Estate Board
27. July 2010Page 3
Toronto Real Estate Board
Market Watch, March 2013 27
YEAR SALES AVERAGE PRICE
2002 74,759 $275,231
2003 78,898 $293,067
2004 83,501 $315,231
2005 84,145 $335,907
2006 83,084 $351,941
2007 93,193 $376,236
2008 74,552 $379,347
2009 87,308 $395,460
2010 85,545 $431,276
2011 89,096 $465,014
2012 85,522 $497,146
January 4,432 $462,655
February 6,809 $500,249
March 9,385 $500,875
April 10,022 $515,869
May 10,546 $514,550
June 9,130 $507,361
July 7,339 $475,507
August 6,250 $477,174
September 5,687 $501,326
October 6,716 $502,103
November 5,621 $484,316
December 3,585 $477,887
Annual 85,522 $497,146
January 4,247 $482,197
February 5,666 $511,266
March 7,765 $519,879
April - -
May - -
June - -
July - -
August - -
September - -
October - -
November - -
December - -
Year-to-Date 17,678 $508,066
HISTORIC ANNUAL STATISTICS1,6,7
2013 MONTHLY STATISTICS1,7
2012 MONTHLY STATISTICS1,7
*For historic annual sales and average price data over a longer time frame go to:
http://www.torontorealestateboard.com/market_news/market_watch/histori
c_stats/pdf/TREB_historic_statistics.pdf
NOTES
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).
7
Past monthly and year-to-date figures are revised on a monthly basis.
1
Sales, dollar volume, average sale prices and median sale prices are based on firm transactions entered into the TorontoMLS® system between the first
and last day of the month/period being reported.
2
New listings entered into the TorontoMLS® 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 TorontoMLS® 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 TorontoMLS® 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.