1. Toronto Employment
Growth
December 2018 0.9%
Month January 2019
1 Year
3 Year
5 Year
3.64%
4.29%
5.34%
January 2019
1 Year
3 Year
5 Year
--
--
--
Market Watch
For All TREB Member Inquiries:
(416) 443-8158
For All Media/Public Inquiries:
(416) 443-8152
GTA REALTORS® Release January Stats
TORONTO, February 6, 2019 - TREB President Garry Bhaura announced that Greater
Toronto Area REALTORS® reported 4,009 home sales through TREB’s MLS® in
January 2019 – up by 0.6 per cent compared to January 2018. On a preliminary
seasonally adjusted basis, sales were up by 3.4 per cent compared to December
2018.
“It is encouraging to see the slight increase in January transactions on a year-over-
year basis, even with the inclement weather experienced in the GTA region during the
last week of the month. The fact that the number of transactions edged upwards is
in line with TREB’s forecast for higher sales in calendar year 2019,” said Mr. Bhaura
The MLS® HPI Composite Benchmark price was up by 2.7 per cent compared to
January 2018. The condominium apartment market segment continued to lead the
way in terms of price growth. The average selling price was up by 1.7 per cent on a
year-over-year basis. After preliminary seasonal adjustment, the average selling price
edged lower compared to December 2018.
“Market conditions in January, as represented by the relationship between sales and
listings, continued to support moderate year-over-year price increases, regardless of
the price measure considered. Given housing affordability concerns in the GTA,
especially as it relates to mortgage qualification standards, we have seen tighter
market conditions and stronger price growth associated with higher density low-rise
home types and condominium apartments, which have lower average selling prices
compared to single detached homes,” said Jason Mercer, TREB’s Director of Market
Analysis and Service Channels.
TREB MLS® Sales Activity
4,009 3,987
January 2019 January 2018
TREB MLS® Average Price
$748,328
$735,874
January 2019 January 2018
Year-Over-Year Summary
2019 2018 % Chg.
Sales
New Listings
Active Listings
Average Price
Average DOM
4,009 3,987 0.6%
9,456 8,561 10.5%
11,962 11,894 0.6%
$748,328 $735,874 1.7%
33 32 3.1%
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
Q3 2018 2.0%
Toronto Unemployment
Rate
December 2018 6.0%
Inflation Rate (Yr./Yr. CPI
Growth)
December 2018 2.0%
Bank of Canada Overnight
Rate
January 2019 -- 1.75%
Prime Rate
January 2019 -- 3.95%
Economic Indicators
Metrics Sales Average Price
416 905 Total 416 905 Total
2019
Detached
Semi - Detached
Townhouse
Condo Apartment
342 1,361 1,703 $1,174,134 $883,027 $941,488
91 248 339 $993,465 $650,737 $742,738
141 544 685 $797,528 $600,465 $641,028
840 398 1,238 $591,444 $456,857 $548,176
Sales & Average Price By Major Home Type
January 2019
January 2019
i
ii
ii
iii
iv
Detached
Semi - Detached
Townhouse
Condo Apartment
-8.8% 0.9% -2.8%
6.1% 1.8% 3.6%
12.3% 2.1% 4.6%
8.8% 8.2% 7.9%
Detached
Semi - Detached
Townhouse
Condo Apartment
-8.6% 7.0% 3.5%
-3.2% -6.1% -5.3%
4.4% 2.1% 2.5%
-6.3% 6.7% -2.4%
1,7
1,7
1,7
1,7
Year-Over-Year Per Cent Change
Mortgage Rates
2. Toronto Real Estate Board
Market Watch, January 2019
SALES BY PRICE RANGE AND HOUSE TYPE JANUARY 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
2 0 0 0 7 0 0 0 0 9
9 0 1 2 35 0 2 0 0 49
39 8 4 30 226 1 0 1 1 310
82 19 51 101 400 7 1 1 0 662
154 51 74 84 254 8 0 0 0 625
258 105 117 45 139 5 0 0 1 670
275 77 49 20 69 6 0 0 0 496
229 28 43 6 36 7 0 0 0 349
173 13 20 4 22 3 0 0 0 235
212 18 9 4 23 0 0 0 0 266
118 14 9 2 9 0 0 0 0 152
52 3 3 3 9 0 0 0 0 70
34 1 1 0 3 0 0 0 0 39
65 2 1 2 6 0 0 0 0 76
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
2 0 0 0 7 0 0 0 0 9
9 0 1 2 35 0 2 0 0 49
39 8 4 30 226 1 0 1 1 310
82 19 51 101 400 7 1 1 0 662
154 51 74 84 254 8 0 0 0 625
258 105 117 45 139 5 0 0 1 670
275 77 49 20 69 6 0 0 0 496
229 28 43 6 36 7 0 0 0 349
173 13 20 4 22 3 0 0 0 235
212 18 9 4 23 0 0 0 0 266
118 14 9 2 9 0 0 0 0 152
52 3 3 3 9 0 0 0 0 70
34 1 1 0 3 0 0 0 0 39
65 2 1 2 6 0 0 0 0 76
SALES BY PRICE RANGE AND HOUSE TYPE YEAR-TO-DATE, 2019
Total Sales
Share of Total Sales
Average Price
1,703 339 382 303 1,238 37 3 2 2 4,009
42.5% 8.5% 9.5% 7.6% 30.9% 0.9% 0.1% 0.0% 0.0% 100.0%
$941,488 $742,738 $699,154 $567,748 $548,176 $658,284 $331,967 $433,450 $469,000 $748,328
Total Sales
Share of Total Sales
Average Price
1,703 339 382 303 1,238 37 3 2 2 4,009
42.5% 8.5% 9.5% 7.6% 30.9% 0.9% 0.1% 0.0% 0.0% 100.0%
$941,488 $742,738 $699,154 $567,748 $548,176 $658,284 $331,967 $433,450 $469,000 $748,328
1,7
1,7
27. Toronto Real Estate Board
Market Watch, January 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
92,264 $822,587
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
4,009 $748,328
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
4,009 $748,328
January
February
March
April
May
June
July
August
September
October
November
December
Annual
3,987 $735,874
5,149 $767,799
7,188 $784,514
7,744 $804,926
7,716 $803,440
8,024 $808,066
6,917 $781,939
6,799 $765,356
6,417 $796,748
7,452 $807,951
6,217 $788,306
3,765 $748,840
77,375 $787,195
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
$748,3284,009