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Randi Emmott's Real Estate Market Statistics

This section of the website is devoted to providing statistics on the Toronto real estate market. Careful evaluation of this type of information can sometimes provide valuable insight into the market, the factors that drive the market, and possible future trends. Be very careful before making a buying or purchasing decision based on these type of statistics alone. Predicting the future by extrapolating from the past can be very risky without professional advice.
 
Table of Contents
Resale Sales Volume
This first set of charts depict various aspects of the volume of sales of resale homes in the greater Toronto market.
Average Selling Prices
These sets of charts depict variation in average selling price for single family dwellings historically and by month comparing 2014 to 2013
Inventory of Homes For Sale
These charts depict trends in the numbers of available homes for sale.
Home Sales By Type/Price
These charts break down recent sales according to type of property and price.


Sales Volume Statistics


2014 Monthly Sales versus 2013


Chart of 2014 vs 2013 sales by month

The Toronto Real Estate Board reported 8,552 sales of single family homes in October 2014. This sales volume represents a 6.6 percent increase over the sales volume reported for September and was 7.7 percent higher than the sales volume reported for October 2013.

Annual Sales Volume 1980-2013


Graph of Annual Sales 1980-2013

This chart graphically depicts the number of single family homes sold in the years 1980 through to 2013. The volume of sales in the Toronto area experienced peaks in 1986 and 1988 followed by slow years during the early 1990's. Sales volume picked up from 1996 onwards. Sales of resale homes in 2007 were the highest recorded; the sales volume for 2013 was 9 percent lower than 2007.
[Note: the Toronto Real Estate Board's geographic boundaries were changed during the period depicted in the graph, so direct comparisons between 1996 and 1986 for example, are not valid]

Sales Year-To-Date

Graph of 1991-2014 Sales Year to Date

This chart depicts the number of resale homes sold to the end of October for each of the years 1991 through to 2014. After a slow start at the beginning of the year, sales volume has picked up considerable recently and is now the 2nd highest since 1991.

Average Selling Prices

Average Selling Price 1980-2013


Graph of Average Selling Price 1980-2013

This chart presents average price trends for houses in the Toronto area during the last 30 years. House prices clearly peaked in 1989 and then dropped until 1996. House prices have been steadily increasing during the last few years although not at the dramatic rates seen during the late 1980s. Prices levelled off during 2008, but resumed their upward climb in 2009.

Average Monthly Selling Price 2014 vs 2013

Image of Average Price 2014 vs 2013

The average selling price of homes that sold during October was $587,505 - which represents a 2 percent increase over the average selling price reported for September 2014. The October monthly average selling price was approximately 9 percent higher than the selling price reported for October 2013. Average selling price reported on a monthly basis can be misleading as it is comprised of a combination of the real value of property plus the mix of higher priced to lower priced homes that have sold during the month. The mix of homes sold during October is depicted below in the Sales by Price Breakdown chart.

The average selling price year-to-date to the end of October 2014 was $566,312 - approximately 8.3 percent higher than the average selling price for the year 2013 of $522,963.

Inventory

Image of number of properties for sale

This chart depicts the number of active listings (properties for sale) on the Toronto Real Estate Board. There were 17,497 properties listed for sale in October 2014 which represents a 9 percent decline from the number of properties listed for sale in September 2014 as well as a 6 percent decline from the number of properties listed for sale in October 2013.

Home Sales by Type/Price


Home Sales by Type of Property:

Graph of Single Family Sales by Type

This chart breaks down single family residential sales during October into the various different categories of property such as single family detached, semi-detached, townhouse etc.

Home Sales by Price Range

Image of Sales by Price Range

This chart breaks down sales of single family homes during October 2014 into price ranges so that the most popular (highest selling) price ranges can be quickly determined. Highest sales volume during October were homes in the $300,000 - $400,000 with homes in the $400,000 - $500,000 range coming in a close second. The mix between sales of higher priced homes versus lower priced homes directly affects the average selling price reported for the month.


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  For further information please contact:    
Randi Randi Emmott, Sales Representative
RE/MAX Premier Inc.
Tel: (416) 987-8000
E-Mail: remmott@remax.net

Randi Ryan Emmott, Sales Representative
RE/MAX Premier Inc.
Tel: (416) 987-8000
E-Mail: r.emmott@gmail.com