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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 2015 to 2014
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


2015 Monthly Sales versus 2014


Chart of 2015 vs 2014 sales by month

The Toronto Real Estate Board reported 4,355 sales of single family homes in January 2015. This sales volume represents a 0.1 percent decline from the sales volume reported for December 2014 but was 6 percent higher than the sales volume reported for January 2014.

Annual Sales Volume 1980-2014


Graph of Annual Sales 1980-2014

This chart graphically depicts the number of single family homes sold in the years 1980 through to 2014. 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 2014 was just slightly 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 1991-2015 Sales Year to Date

This chart depicts the number of resale homes sold to the end of January for each of the years 1991 through to 2015. Although better than last year January produced a very slow start to the year ... the 7th highest during the years depicted.

Average Selling Prices

Average Selling Price 1980-2014


Graph of Average Selling Price 1980-2014

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 2015 vs 2014

Image of Average Price 2015 vs 2014

The average selling price of homes that sold during January was $552,575 - which represents a slight decline from the average selling price reported for December 2014. The January monthly average selling price was approximately 4.9 percent higher than the selling price reported for January 2014. 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 January is depicted below in the Sales by Price Breakdown chart.

The average selling price year-to-date to the end of January 2015 was $552,575 - approximately 0.02 percent lower than the average selling price for the year 2014 of $566,696.

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 11,600 properties listed for sale in January 2015 which represents a 13 percent increase over the number of properties listed for sale in December 2014 but still 2.5 percent lower than the number of properties listed for sale in January 2014.

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 January 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 January 2015 into price ranges so that the most popular (highest selling) price ranges can be quickly determined. Highest sales volume during January 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

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