February 2019 Market Stats

Toronto Real Estate Board President Gurcharan (Garry) Bhaura announced that Greater Toronto Area REALTORS® reported 5,025 homes sold through TREB's MLS® System in February 2019. This sales total was down by 2.4 per cent on a year-over-year basis. Sales were also down compared to January 2019 following preliminary seasonal adjustment.

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Ken Mazurek
Toronto's Missing Middle Housing

A new report commissioned by the Toronto Real Estate Board (TREB) recommends that the best solution to the city’s housing affordability crunch is to build more affordable units, but that can only happen if a “fundamental shift” occurs in both Official Plan policies as well as in the attitude of many elected officials.

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Ken Mazurek
Finance Minister Bill Morneau under pressure to help first time home buyers

Paul Taylor, chief executive officer of Mortgage Professionals Canada, said interest rates have risen five times since mid-2016, which has helped cool down overheated housing markets, and it is not necessary to ensure borrowers can withstand such a large increase in rates. He is urging the federal government to require borrowers to qualify at a rate 0.75 per cent above the negotiated rate.

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Ken Mazurek
January 2019 Market Stats

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.

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Ken Mazurek
December 2018 Market Stats

Toronto Real Estate Board President Garry Bhaura announced that Greater Toronto Area REALTORS® reported a total of 77,426 residential transactions through TREB’s MLS® System in 2018. This result represented a 16.1 per cent decline compared to 92,263 sales reported in 2017. Total new listings entered into TREB’s MLS® System were down by 12.7 per cent over the same period to 155,823.

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Ken Mazurek
November 2018 Market Stats

Toronto Real Estate Board President Garry Bhaura announced the continuation of moderate price growth in November 2018 compared to November 2017. The MLS® Home Price Index (HPI) Composite Benchmark was up by 2.7 per cent year-over-year. The average selling price was up by 3.5 per cent year-over-year to $788,345.

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Ken Mazurek
October 2018 Market Stats

Toronto Real Estate Board President Garry Bhaura announced year-over-year increases in home sales and average sale prices reported through TREB’s MLS® System in October 2018. Greater Toronto Area REALTORS® reported 7,492 sales through TREB’s MLS® System in October 2018 – a six per cent increase compared to October 2017. On a preliminary seasonally adjusted basis, sales were down by one per cent compared to September 2018.

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Ken Mazurek
September 2018 Market Stats

Toronto Real Estate Board President Garry Bhaura announced that Greater Toronto Area REALTORS® reported 6,455 sales through TREB’s MLS® System in September 2018 – up 1.9 per cent compared to September 2017. The average selling price for September 2018 sales was up by 2.9 per cent over the same period to $796,786. The MLS® HPI composite benchmark price was up by two per cent year-over-year

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Ken Mazurek
August 2018 Market Stats

Toronto Real Estate Board President Garry Bhaura announced sales and price increases on a year-over-year basis in August. Greater Toronto Area REALTORS® reported 6,839 sales through TREB’s MLS® System in August 2018 – an 8.5 per cent increase compared to August 2017.

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Ken Mazurek