Toronto Market Report Infographics

Friday, November 4, 2022 10:05:33 PM UTC
INFOGRAPHICS: October 2022 TRREB Toronto Market Reports

New GTA Listings Down While the Average Selling Price Levels off in October

Despite the continued housing market transition to a higher borrowing cost environment, the average selling price in the Greater Toronto Area (GTA) found some support near $1.1 million since the late summer. GTA home sales continued to adjust to substantially higher interest rates in October 2022, both on an annual and monthly basis. However, new listings are also down year-over-year and month-over-month. The persistent lack of inventory helps explain why the downward trend in home prices experienced in the spring has flattened over the past three months.

Read the full report on TRREB website!

 


 

The following data is a comparison between October 2022 and October 2021 numbers, and is current as of November 2022. For last month’s numbers, check out our previous infographic!

Or follow this link for all our TREB / TRREB Infographics!

 

Download Printable Version – October 2022 TRREB, Toronto Market Report Part 1

 

Download Printable Version – October 2022 TRREB, Toronto Market Report Part 2

 

 

 

 


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INFOGRAPHICS: September 2022 TRREB Toronto Market Reports

GTA REALTORS® Release August Stats

There were 5,627 home sales reported through the Toronto Regional Real Estate Boards (TRREB) MLS® System in August 2022, representing a year-over-year dip of 34.2 per cent 3 a lesser annual rate of decline compared to the previous four months. The August sales result also represented a month-over-month increase compared to July.

Sales represented a higher share of new listings compared to the previous three months. If this trend continues, it could indicate some support for selling prices in the months ahead. On a year-over-year basis, the MLS® Home Price Index (HPI) was up by 8.9 per cent and the average selling price for all home types combined was up by 0.9 per cent to $1,079,500. The average selling price was also up slightly month-over-month, while the HPI Composite was lower compared to July. Monthly growth in the average price versus a dip in the HPI Composite suggests a greater share of more expensive home types sold in August.

While higher borrowing costs have impacted home purchase decisions, existing homeowners nearing mortgage renewal are also facing higher costs. There is room for the federal government to provide for greater housing affordability for existing homeowners by removing the stress test when existing mortgages are switched to a new lender, allowing for greater competition in the mortgage market. Further, allowing for longer amortization periods on mortgage renewals would assist current homeowners in an inflationary environment where everyday costs have risen dramatically,= said TRREB President Kevin Crigger.

Read the full report on TRREB website!

 


 

The following data is a comparison between September 2022 and September 2021 numbers, and is current as of October 2022. For last month’s numbers, check out our previous infographic!

Or follow this link for all our TREB / TRREB Infographics!

 

Download Printable Version – September 2022 TRREB, Toronto Market Report Part 1

 

Download Printable Version – September 2022 TRREB, Toronto Market Report Part 2

 

 

 

 


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INFOGRAPHICS: August 2022 TRREB Toronto Market Reports

GTA REALTORS® Release August Stats

There were 5,627 home sales reported through the Toronto Regional Real Estate Boards (TRREB) MLS® System in August 2022, representing a year-over-year dip of 34.2 per cent 3 a lesser annual rate of decline compared to the previous four months. The August sales result also represented a month-over-month increase compared to July.

Sales represented a higher share of new listings compared to the previous three months. If this trend continues, it could indicate some support for selling prices in the months ahead. On a year-over-year basis, the MLS® Home Price Index (HPI) was up by 8.9 per cent and the average selling price for all home types combined was up by 0.9 per cent to $1,079,500. The average selling price was also up slightly month-over-month, while the HPI Composite was lower compared to July. Monthly growth in the average price versus a dip in the HPI Composite suggests a greater share of more expensive home types sold in August.

While higher borrowing costs have impacted home purchase decisions, existing homeowners nearing mortgage renewal are also facing higher costs. There is room for the federal government to provide for greater housing affordability for existing homeowners by removing the stress test when existing mortgages are switched to a new lender, allowing for greater competition in the mortgage market. Further, allowing for longer amortization periods on mortgage renewals would assist current homeowners in an inflationary environment where everyday costs have risen dramatically,= said TRREB President Kevin Crigger.

Read the full report on TRREB website!

 


 

The following data is a comparison between August 2022 and August 2021 numbers, and is current as of September 2022. For last month’s numbers, check out our previous infographic!

Or follow this link for all our TREB / TRREB Infographics!

 

Download Printable Version – August 2022 TRREB, Toronto Market Report Part 1

 

Download Printable Version – August 2022 TRREB, Toronto Market Report Part 2

 

 

 

 


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INFOGRAPHICS: July 2022 TRREB Toronto Market Reports

GTA Home Sales and Listings Trend Downwards in July

There were 4,912 home sales reported through the Toronto Regional Real Estate Board (TRREB) MLS® System in July 2022 – down by 47 per cent compared to July 2021. Following the regular seasonal trend, sales were also down compared to June.

New listings also declined on a year-over-year basis in July, albeit down by a more moderate four per cent. The expectation is that the trend for new listings will continue to follow the trend for sales, as we move through the second half of 2022 and into 2023.

Market conditions remained much more balanced in July 2022 compared to a year earlier. As buyers
continued to benefit from more choice, the annual rate of price growth has moderated. The MLS®
Home Price Index (HPI) Composite Benchmark was up by 12.9 per cent year-over-year. The average
selling price was up by 1.2 per cent compared to July 2021 to $1,074,754. Less expensive home types,
including condo apartments, experienced stronger rates of price growth as more buyers turned to these segments to help mitigate the impact of higher borrowing costs.

Read the full report on TRREB website!

 


 

The following data is a comparison between July 2022 and July 2021 numbers, and is current as of August 2022. For last month’s numbers, check out our previous infographic!

Or follow this link for all our TREB / TRREB Infographics!

 

Download Printable Version – June 2022 TRREB, Toronto Market Report Part 1

 

Download Printable Version – June 2022 TRREB, Toronto Market Report Part 2

 

 

 

 


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INFOGRAPHICS: June 2022 TRREB Toronto Market Reports

GTA REALTORS® Release June Stats

Higher borrowing costs continued to impact home sales in June 2022. Sales totalled 6,474 – down by 41 per cent compared to last year’s strong result. The number of transactions was also down compared to May 2022, but this is often the case due to the seasonal nature of the market.

The average selling price, at $1,146,254, remained 5.3 per cent above the June 2021 level, but continued to trend lower on a monthly basis. The MLS® Home Price Index Composite benchmark was up by 17.9 per cent year-over-year, but also experienced a month-over-month dip compared to May. Annual price growth was driven more so by less expensive market segments, including townhouses and condominium apartments.

Read the full report on TRREB website!

 


 

The following data is a comparison between June 2022 and June 2021 numbers, and is current as of July 2022. For last month’s numbers, check out our previous infographic!

Or follow this link for all our TREB / TRREB Infographics!

 

Download Printable Version – June 2022 TRREB, Toronto Market Report Part 1

 

Download Printable Version – June 2022 TRREB, Toronto Market Report Part 2

 

 

 

 


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INFOGRAPHICS: May 2022 TRREB Toronto Market Reports

Market Continues to Balance out as Borrowing Costs Trend Higher

Greater Toronto Area (GTA) housing market conditions continued to evolve in response to higher borrowing costs. Similar to April results, May 2022 sales were down on a monthly and annual basis. Conversely, active listings at the end of May were up on a monthover-month and year-over-year basis. More balanced market conditions have provided buyers with more negotiating power. As a result, while benchmark and average home prices were up substantially compared to last year, selling prices trended lower on a month-over-month basis.

Read the full report on TRREB website!

 


 

The following data is a comparison between May 2022 and May 2021 numbers, and is current as of June 2022. For last month’s numbers, check out our previous infographic!

Or follow this link for all our TREB / TRREB Infographics!

 

Download Printable Version – May 2022 TRREB, Toronto Market Report Part 1

 

Download Printable Version – May 2022 TRREB, Toronto Market Report Part 2

 

 

 

 


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INFOGRAPHICS: April 2022 TRREB Toronto Market Reports

GTA REALTORS® RELEASE APRIL STATS

The Greater Toronto Area (GTA) housing market continued its adjustment to higher borrowing costs, with the number of transactions down on a monthly and annual basis. As has been the case with previous rate tightening cycles, some home buyers have moved to the sidelines to determine how they will reposition themselves in the marketplace given the higher rate environment and related impact on affordability.

“Based on the trends observed in the April housing market, it certainly appears that the Bank of Canada is achieving its goal of slowing consumer spending as it fights high inflation. Negotiated mortgage rates rose sharply over the past four weeks, prompting some buyers to delay their purchase. Moving forward, it will be interesting to see the balance the Bank of Canada strikes between combatting inflation versus stunting economic growth and related government revenues as we continue to recover from and pay for pandemic-related programs,” said TRREB President Kevin Crigger.

GTA REALTORS® reported 8,008 homes sold through TRREB’s MLS® System in April 2022 – a 41.2 per cent decrease compared to April 2021 and a 27 per cent decrease compared to March 2022. On a year-over-year basis, the decline in sales was greater in the ‘905’ area code regions surrounding Toronto, particularly for detached houses.

Read the full report on TRREB website!

 


 

The following data is a comparison between April 2022 and April 2021 numbers, and is current as of May 2022. For last month’s numbers, check out our previous infographic!

Or follow this link for all our TREB / TRREB Infographics!

 

Download Printable Version – April 2022 TRREB, Toronto Market Report Part 1

 

Download Printable Version – April 2022 TRREB, Toronto Market Report Part 2

 

 

 

 


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INFOGRAPHICS: March 2022 TRREB Toronto Market Reports

GTA REALTORS® Release March Stats

There were almost 11,000 Greater Toronto Area (GTA) home sales reported in March 2022, capping off the third-best March and second-best first quarter on record. Tight market conditions continued to support a double-digit annual pace of price growth, with an average selling price of $1.3 million. The average selling price dipped slightly month-over-month, bucking the regular seasonal trend.

“Now is the time for governments to govern and focus on measures that are proven to increase housing supply. The GTA population will experience rapid growth in the coming years as our region’s economic strength and diversity continues to attract people from around the world. In order to sustain this growth, we need adequate housing supply and choice. This needs to be the focus of policymakers rather than short-term and ineffective measures to artificially suppress demand. Evidence-based decision-making should inform government policies, and we encourage representatives at all levels of government to think big and act decisively to improve needed housing supply in a significant way,” said TRREB President Kevin Crigger.

Read the full report on TRREB website!

 


 

The following data is a comparison between March 2022 and March 2021 numbers, and is current as of April 2022. For last month’s numbers, check out our previous infographic!

Or follow this link for all our TREB / TRREB Infographics!

 

Download Printable Version – March 2022 TRREB, Toronto Market Report Part 1

 

Download Printable Version – March 2022 TRREB, Toronto Market Report Part 2

 

 

 

 


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INFOGRAPHICS: February 2022 TRREB Toronto Market Reports

Demand for ownership housing remains strong throughout the GTA

February home sales were down compared to the all-time record in 2021, but represented the second-best result for the month of February in history. New listings dropped, but by a marginally lesser annual rate than sales, pointing to a modest move to a slightly more balanced market. Competition between buyers, however, remained tight enough to support double-digit price growth year-over-year.

Greater Toronto Area (GTA) REALTORS® reported 9,097 sales through the Toronto Regional Real Estate Board’s (TRREB) MLS® System in February 2022, representing a 16.8 per cent decrease in the number of sales compared to February 2021. The supply of listings for low-rise home types (detached, semi-detached and townhouses) was also down year-over-year, but not by as much as sales. In the condominium apartment segment, particularly in Toronto, new listings were up in comparison to February 2021.

Read the full report on TRREB website!

 


 

The following data is a comparison between February 2022 and February 2021 numbers, and is current as of March 2022. For last month’s numbers, check out our previous infographic!

Or follow this link for all our TREB / TRREB Infographics!

 

Download Printable Version – February 2022 TRREB, Toronto Market Report Part 1

 

Download Printable Version – February 2022 TRREB, Toronto Market Report Part 2

 

 

 

 


Custom real estate infographics published by myRealPage.com

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INFOGRAPHICS: January 2022 TRREB Toronto Market Reports

Demand for ownership housing remained very strong from a historic perspective in January 2022

Demand for ownership housing remained very strong from a historic perspective in January 2022. At the same time, listings remained in short supply, resulting in tight market conditions and very strong year-over-year price growth.

There were 5,636 sales reported through the TRREB MLS® System in January 2022 – down by 18.2 per cent compared to 6,888 sales in January 2021. While sales were down substantially compared last year’s record result, the January 2022 result was the second best in history for the month. This result is in line with TRREB’s forecast for a strong sales result in 2022, but off the 2021 record.

New listings were down by a similar annual rate (-15.5 per cent) as sales. Because sales and new listings moved in relative lock step, active listings at the end of January amounted to 4,140 – down by 44 per cent to the lowest level in more than two decades.

Read the full report on TRREB website!

 


 

The following data is a comparison between January 2022 and January 2021 numbers, and is current as of February 2022. For last month’s numbers, check out our previous infographic!

Or follow this link for all our TREB / TRREB Infographics!

 

Download Printable Version – December 2021 TRREB, Toronto Market Report Part 1

 

Download Printable Version – December 2021 TRREB, Toronto Market Report Part 2

 

 

 

 


Custom real estate infographics published by myRealPage.com

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