Trebnet icon

 Market Watch November 2000

News Release

Price Breakdown

Single Fam. Res

Year-to-Date Single Fam. Res.

Single Fam. East

Single Fam. Central

Single Fam. North

Single Fam. West

Annual MLS Sales

Back Issues

TREB Maps

CREAstat

TREB Media Room

 

 

Market Watch
For Further Information: 443-8152

4,880 Houses Change Hands in 'Remarkable' November

Toronto -- Thursday, December 1, 2000

Button - Number of MLS Sales
Button - Number of New MLS Listings
Button - Number of Active MLS Listings

In November, TREB recorded 4,880 houses sold through its MLS system, President Marilyn Baubie reported today. That number was up 18% from the 4,119 sales recorded in November of last year, and up 4% from the 4,696 recorded in October. "Last month was quite remarkable," the President commented. "Generally, the pace of sales slows as we approach Christmas. If people are this intent on shopping for homes so close to the holiday season, that bodes well for next year's Spring market."

Ms. Baubie noted also that prices rose slightly in November, to $246,154 from October's $245,321. They were also up 4% from the $236,214 recorded in November 1999. "Annual increases in the 4-6 per cent range are sustainable over the long term," the President said. "So far, the Toronto housing market has been able to avoid the Boom-and-Bust cycle of the late 80's and early 90's."

Breaking down the total 1,742 sales were reported in TREB's 28 West districts and averaged $225,829; 821 sales were reported in the 14 Central districts and averaged $353,475; 972 sales were reported in the 23 North districts and averaged $262,436; and 1,345 sales were reported in TREB's 21 East districts and averaged $195,203.

Special Report:
Toronto's Rental Market

• The vacancy rate for privately initiated rental apartments was 0.6% in 2000, down from 1999's 0.9%, and well below the Canada-wide average of 1.6%.

• Rents increased in Toronto for all apartment classes. Bachelor units averaged $683 per month, a 8.8% increase from 1999; one-bedroom units reached $830 per month, a 7.8% increase; two-bedroom rents climbed 6.9% to $979 per month; and three or more bedroom units increased 7.7% to $1,165 per month.

Source: CMHC

Note: the Rent Review Guideline mandates an increase of 2.6% for 2000, and 2.9% for 2001

 

Single-Family Residential Breakdown

    LegendPie Graph

     

    Dwelling Type

    Single Detached

    Semi Detached

    Condo T.H.

    Condo Apt.

    Link

    Attached/Row

    Co-op Apt.

    Detached Condo

    Sales

    2,407

    558

    490

    1,037

    149

    232

    5

    2

    Median

    $255,000

    205,850

    164,686

    153,000

    210,000

    200,000

    225,000

    186,000

     


     

    Housing Market Indicators

    November 1999

    November 2000

    % Change

    Sales*

    4,119

    4,880

    (+18%)

    Sales (P.O.T.)

    967

    1,005

    (+4%)

    New Listings*

    5,083

    6,240

    (+23%)

    Active Listings**

    14,726

    17,016

    (+15%)

     

    * Single-Family Dwellings Only
    ** Properties All Types including Single-Family Dwellings.


     

    Market Watch is also available in an Adobe Acrobat Portable Document Format (.pdf) file. A .pdf file preserves the complete formatting of the original printed document. However, in order to view and/or print .pdf files you will first need the appropriate software. If you have an Internet account visit Adobe's WWW site and download the software free of charge.

    This issue of Market Watch -- in Adobe Acrobat Reader (.pdf) format.

 

GR 11/00