NEWS RELEASE



GTA REALTORS® Report Toronto MLS Housing Figures

TORONTO, September 16, 2014 -- Toronto Real Estate Board President Paul Etherington announced that Greater Toronto REALTORS® reported 3,297 sales through the TorontoMLS system during the first 14 days of September 2014.  This result represented an 8.3 per cent increase compared to the same period in 2013.  Year-to-date sales through September 14, at 68,731, were up by 6.6 per cent compared to the same period in 2013. 

“The sales result for the first two weeks of September showed strong growth for most major home types, indicating that home buyers continue to find homes that meet their needs and budgets.  With a lot of buyers active in the marketplace relative to the number of homes for sale, average selling prices were up strongly for most low-rise and high-rise home ownership options,” said Mr. Etherington. 

The average selling price for September mid-month sales was $555,890, which represented an increase of 8.1 per cent compared to the average price for the first two weeks of September 2013.  Average price growth was strongest for single-detached and semi-detached homes. 

The average year-to-date selling price was up by 8.5 per cent year-over-year to $562,244. 

“Average prices in the low-rise market segments, including singles, semis and towns, continued to experience the impact of strong competition between buyers.  It is also clear that while the condo apartment market segment remains comparatively better supplied, there are enough buyers relative to available condo listings to prompt very strong average price growth for this type of ownership housing as well,” said Jason Mercer, TREB’s Director of Market Analysis

 

Summary of TorontoMLS Sales and Average Price September 1 - 14

2014

2013

Sales

Average Price

New Listings

Sales

Average Price

New Listings

City of Toronto ("416")

1,203

$594,033

3,157

1,110

$531,133

2,996

Rest of GTA ("905")

2,094

$533,977

4,380

1,934

$504,357

4,507

GTA

3,297

$555,890

7,537

3,044

$514,121

7,503

 

TorontoMLS Sales & Average Price By Home Type September 1 - 14, 2014

 

Sales

Average Price

 

416

905

Total

416

905

Total

 

 

Detached

385

1,191

1,576

912,403

640,275

706,753

 

Yr./Yr. % Change

8.5%

5.4%

6.1%

12.2%

6.6%

8.5%

 

Semi-Detached

121

229

350

670,180

452,813

527,960

 

Yr./Yr. % Change

21.0%

15.7%

17.4%

14.8%

12.1%

13.8%

 

Townhouse

114

367

481

466,522

408,445

422,209

 

Yr./Yr. % Change

-11.6%

1.1%

-2.2%

5.5%

6.8%

6.1%

 

Condo Apartment

568

255

823

390,727

296,340

361,482

 

Yr./Yr. % Change

9.7%

26.2%

14.3%

10.2%

0.5%

7.0%