TREB Average Single Family Historical Home Prices for Toronto and Etobicoke

Graph of TREB Prices

December sales strong, November Breaks Record; 2004 Already Best Year Ever

Friday, December 3, 2004 -- Last month was a record November and, with 79,382 sales for the year-to-date, 2004 is already the best year the Toronto resale home market has ever experienced, TREB President Ron Abraham announced today.

“The TorontoMLS system recorded 6,301 single-family dwelling sales in November,” said the President. “This is an eight per cent increase over November 2003 (5,847 sales), which was the previous high-water mark for the month. With December still to come, we expect to break 80,000 total sales by the end of 2004, a first in Board history.”

Prices eased to $318,837 in November, a decline of two per cent from the previous month. This was about the same as the decline between October and November 2003, where prices fell one per cent to $301,612 from $304,844. In addition, total inventory came in at 20,273 active listings, up 14 per cent over November of 2003. “This indicates that we are entering a period of relative quiet around the Christmas holiday,” Mr. Abraham said. “However, we still expect another 4,000 to 5,000 sales before the end of the year.”

Breaking down the total Numbers into TREB Areas

• 2,401 sales were reported in TREB’s 28 West districts and averaged $296,689
• 1,201 sales were reported in the 14 Central districts and averaged $413,445
• 1,221 sales were reported in the 23 North districts and averaged $347,481
• 1,478 sales were reported in TREB’s 21 East districts and averaged $254,278
Previous Month:
• 2,564 sales were reported in TREB's 28 West districts and averaged $298,351
• 1,136 sales were reported in the 14 Central districts and averaged $441,051
• 1,291 sales were reported in the 23 North districts and averaged $350,790
• 1,675 sales were reported in TREB's 21 East districts and averaged $264,084.
  Previous Month:
• 2,552 sales were reported in TREB's 28 West districts and averaged $297,806
• 1,139 sales were reported in the 14 Central districts and averaged $421,064
• 1,295 sales were reported in the 23 North districts and averaged $355,776
• 1,602 sales were reported in TREB's 21 East districts and averaged $258,326

Previous month:
• 2,573 sales were reported in TREB's 28 West districts and averaged $290,042
• 1,103 sales were reported in the 14 Central districts and averaged $349,827
• 1,425 sales were reported in the 23 North districts and averaged $350,197
• 1,642 sales were reported in TREB's 21 East districts and averaged $257,088.
  
  Previous month :
• 2,765 sales were reported in TREB's 28 West districts and averaged $296,221
• 1,189 sales were reported in the 14 Central districts and averaged $392,189
• 1,488 sales were reported in the 23 North districts and averaged $345,998
• 1,887 sales were reported in TREB's 21 East districts and averaged $259,409
  
  Previous month:
• 3,531 sales were reported in TREB's 28 West districts and averaged $293,294
• 1,599 sales were reported in the 14 Central districts and averaged $419,886
• 1,847 sales were reported in the 23 North districts and averaged $343,112
• 2,298 sales were reported in TREB's 21 East districts and averaged $258,871

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.

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.
• See the Average Price Cycles from January 1995 to Date - a very interesting cyclical pattern is clearly seen!
• You may also see the average mortgage interest rates back to 1979
• Send Kathy a request for the actual prices of homes since 1995 or you can call Kathy now at 416-236-1241
• Open the graph below in a new separate window

See the Average Price Cycles from January 1995 to Date - a very interesting cyclical pattern is clearly seen!

See how the historical 1 year mortgage interest rate compares to the 5 year rate

This chart shows the breakdown of single family residential sales for last month.

Housing Market Indicators
	This month in 2003	This month in 2004	% Change
Sales*	8,084	7,329	(-9%)	less sales
New Listings*	12,059	12,012	( -- )	equal listings
Active Listings*	20,063	22,368	(+11%)	more listings all = softer market and prices

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This is a graphical representation showing the percentage of homes that sold in each price range.

 

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Last Update of this website: Tuesday, December 2, 2008 8:58 AM
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