The document provides charts and graphs analyzing trends in the Greater Toronto Area housing market from 2005 to 2012. It shows sales growth, condo sales as a percentage of total sales, home completions, housing price versus income growth, employment trends, and other housing market indicators. The information suggests the GTA housing market has seen rising prices, strong condo market growth, high demand for housing, and increasing challenges for buyers to afford homes.
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Growth in Listings vs. Confidence
All Home Types (2006=100)
Source: CREA, Conference Board of Canada
6. Housing market intelligence you can count on
Growth in Listings vs. Reno Spending
All Home Types (2006=100)
*Ontario spending on home alterations and improvements
Source: CREA, Statistics Canada
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Most In-Demand Areas
Based on 2011 MLS® Sales Data
Source: TREB, CMHC calculation
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MLS® Average Prices, GTA
Source: CREA, Statistics Canada, CMHC calculation
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GTA Housing Price vs. Income Growth
(2001=100)
Source: Statistics Canada, CREA, CMHC
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Employment Trend
Toronto CMA (ths.)
Source: Statistics Canada, CMHC adjustment
11. Housing market intelligence you can count on
Length of Time to Save 5%*
In Years
*Based on prevailing average gross household incomes, average MLS selling prices, and assuming a 5% annual savings rate
Source: Statistics Canada, CREA, CMHC
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Actual vs. Required* Income to Buy
Avg. Priced Home
*Based on average MLS sales prices, 5% down payment, maximum allowable amortization , and 5-year fixed mortgage rates
Source: Statistics Canada, CREA, CMHC
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Share of MLS® Sales
Under $400K (non-condos)
Source: TREB, CMHC calculation
14. Housing market intelligence you can count on
Condos Share of
Under $400K Market
Source: TREB, CMHC calculation
16. Housing market intelligence you can count on
Share of MLS® Condo Sales
Above $500K
Source: TREB, CMHC calculation
17. Housing market intelligence you can count on
MLS® Condos Listed
From Projects Registered During Past 12 Months
Source: TREB, Urbanation, CMHC calculation
18. Housing market intelligence you can count on
Share of Condo Units Listed
From Projects Registered During Past 12 Months
Source: TREB, Urbanation, CMHC calculation
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Condo Sales-to-Listed Ratio
Source: TREB, Urbanation, CMHC calculation
20. Housing market intelligence you can count on
Share of Active MLS® Condo Listings
Projects Registered During Past 12 Months
Source: TREB, Urbanation, CMHC calculation
30. Housing market intelligence you can count on
GTA Population Growth: 25-34
Source: Statistics Canada, Ontario Ministry of Finance
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Newly Completed Units*:
Carrying Cost vs. Rent
*Based on average prices and rents for a 600 square foot unit. Carrying cost assumes 20% down
payment, 25-year amortization and includes maintenance fees and property taxes
Source: TREB, Urbanation Inc., CMHC