GTA REALTORS® Release Mid-Month of January Resale Housing Figures

Greater Toronto REALTORS® reported 1,469 sales through the TorontoMLS system during the first two weeks of January 2013

Greater Toronto REALTORS® reported 1,469 sales through the TorontoMLS system during the first two weeks of January 2013. This result represented an increase of 2.4 per cent over the 1,435 transactions reported during the same period in 2012.

"The New Year started off on a positive note with residential sales slightly above last year’s levels,” said Toronto Real Estate Board (TREB) President Ann Hannah. “I am cautiously optimistic about this result. It will be important to watch sales trends closely as we move through the first quarter to see if some of the households who moved to the sidelines as a result of stricter lending guidelines are starting to renew their decision to purchase a home.”

The average selling price during the first 14 days of 2013 was by up by four per cent on a year-over-year basis to $459,728.

“Continuing the trend from 2012, the low-rise segment of the market experienced the strongest price growth as competition between buyers remained quite strong,” said Jason Mercer, TREB’s Senior Manager of Market Analysis. “The average selling price is expected to grow in 2013, but at a slower pace as buyers benefit from more choice.” Greater Toronto REALTORS® reported 1,469 sales through the TorontoMLS system during the first two weeks of January 2013. This result represented an increase of 2.4 per cent over the 1,435 transactions reported during the same period in 2012.

Summary of TorontoMLS Sales and Average Price January 1 - 14

2013
2012
Sales
Average Price
New Listings
Sales
Average Price
New Listings
City of Toronto ("416")
531
$464,228
1,634
531
$462,693
1,571
Rest of GTA ("905")
938
$457,181
2,604
904
$430,308
2,361
GTA
1,469
$459,728
4,238
1,435
$442,292
3,932
TorontoMLS Sales & Average Price By Home Type

January 1 - 14, 2013
Sales
Average Price
416
905
Total
416
905
Total
Detached
146
511
657
720,759
549,015
587,180
Yr./Yr. % Change
-2.0%
6.9%
4.8%
2.5%
5.7%
4.3%
Semi-Detached
42
114
156
502,546
408,968
434,162
Yr./Yr. % Change
16.7%
10.7%
12.2%
12.9%
10.6%
11.5%
Townhouse
65
177
242
414,550
357,154
372,570
Yr./Yr. % Change
14.0%
-3.8%
0.4%
3.5%
4.4%
4.6%
Condo Apartment
273
115
388
337,624
260,434
314,745
Yr./Yr. % Change
-4.2%
-5.0%
-4.4%
-4.4%
-0.2%
-3.3%
Greater Toronto REALTORS® are passionate about their work. They are governed by a strict Code of Ethics and share a state-of-the-art Multiple Listing Service. Over 35,000 TREB Members serve consumers in the Greater Toronto Area. The Toronto Real Estate Board is Canada’s largest real estate board.

Media Inquiries:
Mary Gallagher,
Senior Manager Public Affairs
(416) 443-8158
maryg@trebnet.com

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