TORONTO - Friday, January 6, 2006--TREB Members reported a record-breaking 84,145 sales during the course of 2005, TREB President John Meehan announced today. "Last year was the best annual performance since statistics have been kept," the President noted. "It is up one per cent over the 83,501 sales recorded during our previous record year, which was 2004."
During December 2005 alone, 4,255 sales were transacted through the TorontoMLS system, the second best showing ever for that month, and up from the 4,232 recorded during December 2004.
On the pricing front, the average rose a healthy but not excessive six per cent in 2005, to $335,907 from 2004's figure of $315,321. For December the average was $327,216, down from 341,177 in November, but up four per cent over December 2004.
Below is a Graph showing
TREB Historical Average Price Data
The graph below
shows a graph of sales price data obtained directly from the Toronto Real
Estate Board showing the average selling price of single family homes from
1985 to date in our GTA marketplace.
Note the historical
trends for spring and fall price increases, where spring typically has a larger
increase compared to the fall.
The benchmark
for changes in price is chosen to be the average price of homes at the last
height of the market, which was $273,698 in 1989.
If you want the
actual values of prices for every month going back to January 1995, I have
them, and would be pleased to E-mail them to you upon request.
1,661 sales were reported in TREB’s 28 West districts and averaged $304,348
776 sales were reported in the 14 Central districts and averaged $407,473
806 sales were reported in the 23 North districts and averaged $365,210
1,012 sales were reported in TREB’s 21 East districts and averaged $272,949.
November Numbers
2,526 sales were reported in TREB’s 28 West districts and averaged $318,634
1,263 sales were reported in the 14 Central districts and averaged $419,815
1,284 sales were reported in the 23 North districts and averaged $378,682
1,573 sales were reported in TREB’s 21 East districts and averaged $283,622
October Numbers
Breaking down the total, 2,759 sales were reported in TREB’s 28 West districts and averaged $320,875
1,262 sales were reported in the 14 Central districts and averaged $447,660
1,443 sales were reported in the 23 North districts and averaged $371,659
1,710 sales were reported in TREB’s 21 East districts and averaged $315,891. $273,201
Totals for September
2,809 sales were reported in TREB’s 28 West districts and averaged $318,293
1,295 sales were reported in the 14 Central districts and averaged $430,000
1,456 sales were reported in the 23 North districts and averaged $374,135
1,766 sales were reported in TREB’s 21 East districts and averaged $273,201
August numbers were as follows
2,941 sales were reported in TREB's 28 West districts and averaged $303,042
1,241 sales were reported in the
14 Central districts and averaged $387,424
1,608 sales were reported in the 23 North districts and averaged $371,849
1,708 sales were reported in TREB's 21 East districts and averaged $265,686.
July numbers were as follows:
2,841 sales were reported in TREB's 28 West districts and averaged $305,789
1,211 sales were reported in the 14 Central districts and averaged $405,182
1,536 sales were reported in the 23 North districts and averaged $372,455
1,799 sales were reported in TREB's 21 East districts and averaged $265,090.
June numbers were as follows:
3,494 sales were reported in TREB's 28 West districts and averaged $322,687
1,673 sales were reported in the 14 Central districts and averaged $458,775
1,812 sales were reported in the 23 North districts and averaged $368,340
2,174 sales were reported in TREB's 21 East districts and averaged $274,128
May Numbers were as follows:
3,330 sales were reported in TREB's 28 West districts and averaged $316,446
1,536 sales were reported in the 14 Central districts and averaged $455,153
1,775 sales were reported in the 23 North districts and averaged $380,778
2,193 sales were reported in TREB's 21 East districts and averaged $270,293
April 2005 for comparison
2,991 sales were reported in TREB's 28 West districts and averaged $308,660
1,373 sales were reported in the 14 Central districts and averaged $433,384
1,616 sales were reported in the 23 North districts and averaged $355,771
1,924 sales were reported in TREB's 21 East districts and averaged $269,991
March 2005 for Comparison
2,335 sales were reported in TREB's 28 West districts and averaged $313,254
1,074 sales were reported in the 14 Central districts and averaged $447,007
1,264 sales were reported in the 23 North districts and averaged $355,188
1,498 sales were reported in TREB's 21 East districts and averaged $268,559
February of 2005 - for comparison
1,552 sales were reported in TREB's 28 West districts and averaged $297,770
699 sales were reported in the 14 Central districts and averaged $436,264
895 sales were reported in the 23 North districts and averaged $351,153
1,007 sales were reported in TREB's 21 East districts and averaged $258,824
January of 2005 - for comparison
1,601 sales were reported in TREB's 28 West districts and averaged $285,749
782 sales were reported in the 14 Central districts and averaged $417,999
800 sales were reported in the 23 North districts and averaged $365,112
1,049 sales were reported in TREB's 21 East districts and averaged $247,715
NEIGHBOURHOOD CORNER - information about one area and this month was Mississauga
Mississauga 2005
There were 569 sales in the Mississauga area during January, down 12 per cent from the figure recorded in January of 2004. The average price, however, rose seven per cent to $298,503. Breaking down the total, detached homes in Mississauga (203 sales) averaged about $418,655, while semis (121 sales) came in at $279,025.
Neighbourhood Corner January 2004 for Mississauga
The Mississauga area (W-12 through W-20) registered 645 sales in January, down 10 per cent from the 721 recorded during the same time-frame in 2003. However, the overall average in Mississauga came to $277,594, up seven percent over the $259,207 recorded in January of last year. Average days-on-market was 43, about the same as the Board-wide figure of 42.
Neighbourhood Corner Information - Mississauga (from January 2003)
In Mississauga (W-12 to W-20) the latter half of this year saw prices climb 10 per cent to $256,824 over the $233,151 recorded for the whole of 2001. Average Days-on-Market in Mississauga was 34, as compared to a city-wide average of 38 days.
Housing prices in selected areas of the GTA
Municipality
Standard Condominium
Apartment
Standard Two Storey House
Standard Townhouse
Senior Executive House
Brampton
155,000
280,000
210,000
585,000
Burlington
181,000
275,000
181,000
490,000
Markham
260,000
358,000
245,000
465,000
Mississauga
185,000
290,000
206,500
490,000
Oakville
225,000
290,000
220,000
600,000
Richmond Hill
225,000
290,000
225,000
410,000
Toronto - Etobicoke
(Islington/Kingsway)
210,000
415,000
232,000
640,000
Toronto - Leaside
250,000
645,000
350,000
950,000
Source: Survey of Canadian House Prices, Fourth Quarter 2004 Prices as of
Oct.-Dec. 2004 (CDN $)
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kathy@etobicokehomes4sale.com Copyright © at Etobicoke, Ontario, Canada M9A 3T7 (416) 236-1241 First created - Tuesday, June 6th, 2006, 2006 at 6:06:41 PM -
