Toronto Market Report Infographics

Friday, June 19, 2020 10:17:06 PM UTC
INFOGRAPHICS: May 2020 TRREB Toronto Market Reports
INFOGRAPHICS: May 2020 TRREB Toronto Market Reports

Toronto Regional Real Estate Board President (TRREB) Michael Collins announced that Greater Toronto Area REALTORS® reported 4,606 sales through TRREB’s MLS® System in May 2020. This result was down by 53.7% compared to May 2019. While the number of sales was down substantially on a year-over-year basis due to the continued impact of COVID-19, the decline was less than the 67.1% year-over-year decline reported for April 2020.

On a month-over-month basis, actual and seasonally adjusted May sales were up substantially compared to April. Actual May 2020 sales increased by 55.2% compared to April 2020. After accounting for the regular seasonal increase that is experienced each year between April and May, seasonally adjusted sales were up by 53.2% month-over-month.

Read the full report on the TRREB website.

 

 


 

The following data is a comparison between May 2019 and May 2020 numbers, and is current as of June 2020. For last month’s numbers, check out our previous infographic!

Or follow this link for all our TREB / TRREB Infographics!

Click on the images for a larger view! (Protip: Make sure to grab the printable PDF versions, too! It fits best when printed on A4-sized sheets, AND we’ve added an area on the sheet where you can attach your business card! 🙂 )

 

Download Printable Version – May 2020 TRREB, Toronto Market Report

 

 

 

 

 

 

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INFOGRAPHICS: April 2020 TRREB Toronto Market Reports
INFOGRAPHICS: April 2020 TRREB Toronto Market Reports

Toronto Regional Real Estate Board President Michael Collins released the following key housing market statistics for April 2020.

Greater Toronto Area REALTORS® reported 2,975 residential transactions through TRREB’s MLS® System. This result was down by 67% compared to April 2019. Weekday sales remained within a relatively steady range during the month, averaging 130 per day. New listings amounted to 6,174 in April 2020 – down on a year-over-year basis by a similar rate compared to sales (-64.1%).

Read the full report over on the TRREB website.

 

 


 

The following data is a comparison between April 2019 and April 2020 numbers, and is current as of May 2020. For last month’s numbers, check out our previous infographic!

Or follow this link for all our TREB / TRREB Infographics!

Click on the images for a larger view! (Protip: Make sure to grab the printable PDF versions, too! It fits best when printed on A4-sized sheets, AND we’ve added an area on the sheet where you can attach your business card! 🙂 )

Download Printable Version – April 2020 TRREB, Toronto Market Report

 

 

 

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INFOGRAPHICS: March 2020 TRREB Toronto Market Reports
INFOGRAPHICS: March 2020 TRREB Toronto Market Reports

With the current situation, we hope that everyone is healthy and well. Here are the latest real estate market updates for areas covered by the Toronto Regional Real Estate Board (TRREB, formerly TREB)!

As noted in their latest reports, Toronto Regional Real Estate Board President Michael Collins announced that Greater Toronto Area REALTORS® reported 8,012 home sales through TRREB’s MLS® System in March 2020 – up by 12.3% compared to 7,132 sales reported in March 2019.

However, despite a strong increase in sales for March 2020 as a whole, there was a clear break in market activity between the pre-COVID-19 and post-COVID-19 periods. For the purposes of this release, the start of the post-COVID-19 period was the week beginning Sunday, March 15.

 

  • The overall March sales result was clearly driven by the first two weeks of the month. There were 4,643 sales reported in the pre-COVID-19 period, accounting for 58% of total transactions and representing a 49% increase compared to the first 14 days of March 2019.
  • There were 3,369 sales reported during the post-COVID-period – down by 15.9% compared to the same period in March 2019.

 

For March as a whole, new listings were up by 3% year-over-year to 14,424. However, similar to sales, new listings dropped on a year-over-year basis during the second half of the month (beginning March 15) by 18.4%.

The MLS® Home Price Index Composite Benchmark price was up by 11.1% year-over-year in March 2020. The average selling price for March 2020 as a whole was $902,680 – up 14.5% compared to March 2019. The average selling price for sales reported between March 15 and March 31, was $862,563 – down from the first half of March 2020, but still up by 10.5% compared to the same period last year.

It should also be noted that TRREB has issued a Frequently Asked Questions (FAQ) guidance to its 56,000 REALTOR® Members on the provincial shutdown, as it relates to trading in real estate. The key message is to avoid in-person business, such as open houses and showings with clients, during the provincial state of emergency. This will include home sellers, buyers, tenants and business clients. You can view the guide below.

 

 

 

 


 

The following data is a comparison between March 2019 and March 2020 numbers, and is current as of April 2020. For last month’s numbers, check out our previous infographic!

Or follow this link for all our TREB / TRREB Infographics!

Click on the images for a larger view!

(Protip: Make sure to grab the printable PDF versions, too! It fits best when printed on A4-sized sheets, AND we’ve added an area on the sheet where you can attach your business card! 🙂 )

 

Download Printable Version – March 2020 TRREB, Toronto Market Report

TRREB COVID-19 Frequently Asked Questions Guidance

 

 

 

(Image Source: TRREB.ca)

 

 

 

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INFOGRAPHICS: February 2020 TRREB Toronto Market Reports
INFOGRAPHICS: February 2020 TRREB Toronto Market Reports

Ready for the spring season? Here are the latest real estate market updates for areas covered by the Toronto Regional Real Estate Board (TRREB, formerly TREB)!

As noted in their latest press release, TRREB President Michael Collins announced a very strong year-over-year sales and price growth in February 2020.

Greater Toronto Area REALTORS® reported 7,256 residential transactions through TRREB’s MLS System in February 2020, representing a 45.6% increase compared to a 10-year sales low in February 2019. However, February 2020 sales were still below the 2017 record result. Year-over-year sales growth, for the GTA as a whole, was strongest for ground-oriented home types.

After preliminary seasonal adjustment, February 2020 sales also exhibited positive momentum, up by 14.8% compared to January 2020.

New listings amounted to 10,613 in February 2020, a 7.9% increase compared to February 2019. This moderate annual growth rate was much smaller than that reported for sales, which means market conditions tightened considerably over the past year.

As market conditions tightened over the past year, competition between buyers has clearly increased. This resulted in a further acceleration in year-over-year price growth in February. The MLS® Home Price Index Composite Benchmark was up by 10.2%. The average selling price for all home types combined was up by 16.7% to $910,290. Double-digit average price growth was experienced for most major market segments, including detached houses and condominium apartments.

 

 


 

The following data is a comparison between February 2019 and February 2020 numbers, and is current as of March 2020. For last month’s numbers, check out our previous infographic!

Or follow this link for all our TREB / TRREB Infographics!

Click on the images for a larger view!

(Protip: Make sure to grab the printable PDF versions, too! It fits best when printed on A4-sized sheets, AND we’ve added an area on the sheet where you can attach your business card! 🙂 )

 

Download Printable Version – February 2020 TRREB, Toronto Market Report

 

 

 

(Image Source: TRREB.ca)

 

 

 

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INFOGRAPHICS: January 2020 TRREB / TREB Toronto Market Reports
INFOGRAPHICS: January 2020 TRREB Toronto Market Reports

NOTE: The Toronto Real Estate Board (TREB) has recently rebranded, and is now known as the Toronto Regional Real Estate Board (TRREB). For more information, please refer to the official announcement on TRREB.ca.

 


 

Here are the latest real estate market updates for areas covered by the Toronto Regional Real Estate Board (TRREB, formerly TREB)!

In their most recent market update, TRREB President Michael Collins announced that Greater Toronto Area REALTORS® reported 4,581 home sales through TRREB’s MLS® System in January 2020 – up by 15.4% compared to January 2019. On a preliminary seasonally adjusted basis, sales were up by 4.8% compared to December 2019. Collins notes,

 

“We started 2020 where 2019 left off, with very strong growth in the number of sales up against a continued dip in the number of new and available listings. Tighter market conditions compared to a year ago resulted in much stronger growth in average selling prices. Steady population growth, low unemployment and low borrowing costs continued to underpin substantial competition between buyers in all major market segments.”

 

The MLS® HPI Composite Benchmark price was up by 8.7% compared to January 2019 – the highest annual rate of growth for the Benchmark since October 2017. The condominium apartment market segment continued to lead the way in terms of MLS HPI® price growth, but all home types experienced price growth above 7% when considering the TRREB market area as a whole. The average selling price in January was up by 12.3%, driven by the detached and condominium apartment segments in the City of Toronto.

Jason Mercer, TRREB’s Director of Market Analysis and Service Channels also remarked,

 

“A key difference in the price growth story in January 2020 compared to January 2019 was in the low-rise market segments, particularly with regard to detached houses. A year seems to have made a big difference. It is clear that many buyers who were on the sidelines due to the OSFI stress test are moving back into the market, driving very strong year-over-year sales growth in the detached segment. Strong sales up against a constrained supply continues to result in an accelerating rate of price growth.”

 

 


 

The following data is a comparison between January 2019 and January 2020 numbers, and is current as of February 2020. For last month’s numbers, check out our previous infographic!

Or follow this link for all our TREB / TRREB Infographics!

For this month, TRREB has also released their fifth annual Market Year in Review and Outlook Report which you can also download below!

Click on the images for a larger view!

(Protip: Make sure to grab the printable PDF versions, too! It fits best when printed on A4-sized sheets, AND we’ve added an area on the sheet where you can attach your business card! 🙂 )

 

Download Printable Version – January 2020 TRREB, Toronto Market Report

Download 2020 TRREB Market Year in Review and Outlook Report

 

 

 

(Image Source: TRREB.ca)

 

 

 

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INFOGRAPHICS: December 2019 TREB Toronto Market Reports
INFOGRAPHICS: December 2019 TREB Toronto Market Reports

2020 is finally here! And here are the latest real estate market updates for areas covered by the Toronto Real Estate Board (TREB)!

As per TREB’s latest market report, December 2019 residential sales reported through TREB’s MLS® System by Greater Toronto Area REALTORS® were up by 17.4% year-over-year to 4,399. Total sales for calendar year 2019 amounted to 87,825 – up by 12.6% compared to the decade low 78,015 sales reported in 2018. On an annual basis, 2019 sales were in line with the median annual sales result for the past decade.

While sales were up in 2019, the number of new listings entered into TREB’s MLS® System was down by 2.4% year-over-year. For the past decade, annual new listings have been largely in a holding pattern between 150,000 and 160,000, despite the upward trend in home prices over the same period.

As noted by Toronto Real Estate Board President Michael Collins,

 

“We certainly saw a recovery in sales activity in 2019, particularly in the second half of the year. As anticipated, many home buyers who were initially on the sidelines moved back into the market place starting in the spring. Buyer confidence was buoyed by a strong regional economy and declining contract mortgage rates over the course of the year”

 

Jason Mercer, TREB’s Chief Market Analyst, also adds.

 

“Over the last ten years, TREB has been drawing attention to the housing supply issue in the GTA. Increasingly, policy makers, research groups of varying scope and other interested parties have acknowledged that the lack of a diverse supply of ownership and rental housing continues to hamper housing affordability in the GTA. Taking 2019 as an example, we experienced a strong sales increase up against a decline in supply. Tighter market conditions translated into accelerating price growth. Expect further acceleration in 2020 if there is no relief on the supply front,”

 

 

UPDATE: In January 2020, TREB has since rebranded to TRREB, the Toronto Regional Real Estate Board.

 


 

The following data is a comparison between December 2018 and December 2019 numbers, and is current as of January 2020. For last month’s numbers, check out our previous infographic!

Or follow this link for all our TREB Infographics!

Click on the images for a larger view!

(Protip: Make sure to grab the printable PDF versions, too! It fits best when printed on A4-sized sheets, AND we’ve added an area on the sheet where you can attach your business card! 🙂 )

 

Download Printable Version – December 2019 TREB, Toronto Market Report

 

 

 

 

 

(Image Source: TREBhome.com)

 

 

 

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INFOGRAPHICS: November 2019 TREB Toronto Market Reports
INFOGRAPHICS: November 2019 TREB Toronto Market Reports

And just like that, an entire year has zipped by. Are you ready to welcome the new year? For now, here are the latest real estate market updates for areas covered by the Toronto Real Estate Board (TREB)!

According to their most recent market report, TREB President Michael Collins announced that Greater Toronto Area REALTORS® reported 7,090 sales through TREB’s MLS® System in November 2019 – a 14.2 per cent increase compared to November 2018. On a GTA-wide basis, sales were up year-over-year for all major market segments. Annual sales growth in ground oriented home types, including detached houses, led the way.

According to Collins,

“An increasing number of home buyers impacted by demand-side policies over the past three years, including the 2017 Ontario Fair Housing Plan and the OSFI mortgage stress test, have moved back into the market for ownership housing. Based on affordability and stricter mortgage qualification standards, many buyers may have likely adjusted their preferences, changing the type and/or location of home they ultimately chose to purchase.”

 

TREB’s Chief Market Analyst Jason Mercer also adds,

“Strong population growth in the GTA coupled with declining negotiated mortgage rates resulted in sales accounting for a greater share of listings in November and throughout the second half of 2019. Increased competition between buyers has resulted in an acceleration in price growth. Expect the rate of price growth to increase further if we see no relief on the listings supply front.”

 

 

UPDATE: In January 2020, TREB has since rebranded to TRREB, the Toronto Regional Real Estate Board.

 


 

The following data is a comparison between November 2018 and November 2019 numbers, and is current as of December 2019. For last month’s numbers, check out our previous infographic!

Or follow this link for all our TREB Infographics!

Click on the images for a larger view!

(Protip: Make sure to grab the printable PDF versions, too! It fits best when printed on A4-sized sheets, AND we’ve added an area on the sheet where you can attach your business card! 🙂 )

 

Download Printable Version – November 2019 TREB, Toronto Market Report

 

 

 

(Image Source: TREBhome.com)

 

 

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INFOGRAPHICS: October 2019 TREB Toronto Market Reports
INFOGRAPHICS: October 2019 TREB Toronto Market Reports

Ready for the winter? Here are the latest real estate market updates for areas covered by the Toronto Real Estate Board (TREB)!

As noted in their latest media release, Toronto Real Estate Board President Michael Collins announced that Greater Toronto Area REALTORS® reported 8,491 residential sales through TREB’s MLS® System in October 2019. This result represented a 14 per cent increase compared to 7,448 sales reported in October 2018. GTA-wide, sales were up on a year-over-year basis for all major home types.

The trend of annual growth in sales versus annual decline in new listings continued in October 2019, with new listings down by 9.6 per cent compared to October 2018. The resulting tighter market conditions compared to a year ago resulted in positive annual rates of price growth across all major market segments, from a GTA-wide perspective.

The MLS® Home Price Index Composite Benchmark was up by 5.8 per cent on a year-over-year basis in October 2019 – the strongest annual rate of growth since December 2017. The average selling price for all home types combined was up by 5.5 per cent to $852,142, compared to $807,538 in October 2018.

Jason Mercer, TREB’s Chief Market Analyst, notes:

 

“As market conditions in the GTA have steadily tightened throughout 2019, we have seen an acceleration in the annual rate of price growth. While the current pace of price growth remains moderate, we will likely see stronger price growth moving forward if sales growth continues to outpace listings growth, leading to more competition between home buyers.”

 

 

UPDATE: In January 2020, TREB has since rebranded to TRREB, the Toronto Regional Real Estate Board.

 


 

The following data is a comparison between October 2018 and October 2019 numbers, and is current as of November 2019. For last month’s numbers, check out our previous infographic!

Or follow this link for all our TREB Infographics!

Click on the images for a larger view!

(Protip: Make sure to grab the printable PDF versions, too! It fits best when printed on A4-sized sheets, AND we’ve added an area on the sheet where you can attach your business card! 🙂 )

 

Download Printable Version – October 2019 TREB, Toronto Market Report

 

 

 

(Image Source: TREBhome.com)

 

 

 

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INFOGRAPHICS: September 2019 TREB Toronto Market Reports
INFOGRAPHICS: September 2019 TREB Toronto Market Reports

The season is starting to cool down, and with that, here are the latest real estate market updates for areas covered by the Toronto Real Estate Board (TREB)!

In their latest market report, TREB has announced that Greater Toronto Area REALTORS® reported 7,825 sales through TREB’s MLS® System in September 2019. This result represented strong year-over-year sales growth of 22% compared to 6,414 sales reported in September 2018. It is important to note, however, that sales remain well-below the record September 2016 peak of more than 9,800 sales.

On a preliminary seasonally adjusted basis, the September 2019 sales level remained in virtually the same as the August 2019 result.

According to Toronto Real Estate Board President Michael Collins,

“Demand for ownership housing increased throughout the spring and summer of 2019 compared to the very slow pace of sales experienced in 2018. That being said,many first-time buyers are still experiencing difficulty finding an affordable home. Federal parties vying for seats in the October election have pledged to alleviate affordability issues hampering first-time buyers with a variety of policy proposals. While these demand-side proposals are important, it is also important that all levels of government remain focused on promoting a sustainable supply of different housing types moving forward.”

Toronto Real Estate BoardThe supply of listings continued to be a concern in September 2019, with new listings down by 1.9% year-over-year to 15,611. We have experienced multiple months this year wherein the annual rate of sales growth outpaced the annual rate of new listings growth, resulting in the overall number of active listings at month-end being well-below last year’s levels. This speaks to tightening market conditions and an accelerating annual rate of price growth.

The annual rate of price growth in September reached the highest point so far in 2019. The MLS® Home Price Index (HPI) Composite Benchmark was up by 5.2% on a year-over-year basis in September. The average selling price for all home types combined was up by a similar annual rate of 5.8% to $843,115.

TREB’s Chief Market Analyst, Jason Mercer, also adds,

“It is interesting to note that market conditions for detached homes have tightened over the past year. In many of the regions surrounding the City of Toronto, detached price growth was above the rate of inflation on an annual basis. Consumer polling conducted for TREB over the past few years has pointed out that many intending home buyers are still focused on ground-oriented housing. This points to the need for a greater diversity of housing types to bridge the gap between detached houses and condominium apartments.”

TREB CEO John DiMichele also noted,

“Statistics Canada’s most recent national population estimate represented the highest twelve month population increase ever recorded. This growth was driven by immigration, of which the GTA was likely a key beneficiary due to its strong regional economy and diversity. As a result, the demand for all types of housing in the GTA –rental and ownership –will remain strong. This fact underpins the need for immediate and sustained action on housing supply.”

 

 

UPDATE: In January 2020, TREB has since rebranded to TRREB, the Toronto Regional Real Estate Board.

 


 

The following data is a comparison between September 2018 and September 2019 numbers, and is current as of October 2019. For last month’s numbers, check out our previous infographic!

Or follow this link for all our TREB Infographics!

Click on the images for a larger view!

(Protip: Make sure to grab the printable PDF versions, too! It fits best when printed on A4-sized sheets, AND we’ve added an area on the sheet where you can attach your business card! 🙂 )

 

Download Printable Version – September 2019 TREB, Toronto Market Report

 

 

 

(Image Source: TREBhome.com)

 

 

 

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INFOGRAPHICS: August 2019 TREB Toronto Market Reports
INFOGRAPHICS: August 2019 TREB Toronto Market Reports

The summer months just zoomed by, and here we are at the beginning of a new season! With that, here are the latest real estate market updates for areas covered by the Toronto Real Estate Board (TREB)!

According to their most recent media release, TREB has reported 7,711 residential sales in August 2019. This result represented a 13.4% 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%.

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 3% 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% compared to August 2018.

The average selling price, at $792,611 in August 2019, was up by 3.6% year-over-year.

 

UPDATE: In January 2020, TREB has since rebranded to TRREB, the Toronto Regional Real Estate Board.

 


 

The following data is a comparison between August 2018 and August 2019 numbers, and is current as of September 2019. For last month’s numbers, check out our previous infographic!

Or follow this link for all our TREB Infographics!

Click on the images for a larger view!

(Protip: Make sure to grab the printable PDF versions, too! It fits best when printed on A4-sized sheets, AND we’ve added an area on the sheet where you can attach your business card! 🙂 )

 

Download Printable Version – August 2019 TREB, Toronto Market Report

 

 

 

 

(Image Source: TREBhome.com)

 

 

 

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