Skip to main content

GTA REALTORS® RELEASE MID-MONTH RESALE HOUSING FIGURES--March 2013

TORONTO, March 18, 2013 – Greater Toronto Area REALTORS® reported 3,594 transactions through the TorontoMLS system during the first 14 days of March 2013 – down 11.5 per cent compared to the same period last year. The number of new listings was up by less than two per cent.


“With sales down and listings up slightly, the GTA market was better supplied in the first half of March compared to last year. This fact notwithstanding, there has been enough competition between buyers to promote moderate to strong upward pressure on average selling prices for most home types on an annual basis,” said Toronto Real Estate Board President Ann Hannah.

“The average price for condominium apartments in the City of Toronto was up over last year. If this price growth continues, it may indicate that conditions are tightening slightly in this segment,” added Ms. Hannah.

The average selling price for the first two weeks of March was up by almost six per cent year-over-year to $532,102. Average prices were up for all major home type categories.

“Due to tight supply, the average annual rate of price growth for singles, semis and towns continues to far outpace the rate of inflation. The condo apartment segment has been a mitigating factor, which is why our forecast for price growth in 2013 remains at approximately 3.5 per cent or $515,000 for all home types combined,” said Jason Mercer, TREB’s Senior Manager of Market Analysis.

Comments

Post a Comment

Popular posts from this blog

GTA REALTORS ® Release July 2025 Stats

TORONTO, ONTARIO, August 6, 2025 – The Greater Toronto Area (GTA) experienced the best home sales result for the month of July since 2021. Sales were also up relative to listings, suggesting a modest tightening in the market compared to last year.  “Improved affordability, brought about by lower home prices and borrowing costs, is starting to translate into increased home sales. More relief is required, particularly where borrowing costs are concerned, but it’s clear that a growing number of households are finding affordable options for homeownership,” said Toronto Regional Real Estate Board (TRREB) President Elechia Barry-Sproule. GTA REALTORS® reported 6,100 home sales through TRREB’s MLS® System in July 2025 – up by 10.9 per cent compared to July 2024. New listings entered into the MLS® System totalled 17,613 – up by 5.7 per cent year-over year.  On a seasonally adjusted basis, July home sales increased month-over-month compared to June 2025. New listings also rose compared...
Post a Comment
Read more

GTA REALTORS Release April 2025 Stats

April home sales followed the regular seasonal trend with an increase relative to March. However, total residential transactions in the Greater Toronto Area (GTA) were down compared to the same time last year, as potential buyers continue to wait for lower borrowing costs and for certainty about the trajectory of the economy. “Following the recent federal election, many households across the GTA are closely monitoring the evolution of our trade relationship with the United States. If this relationship moves in a positive direction, we could see an uptick in transactions driven by improved consumer confidence and a market that is both more affordable and better supplied,” said TRREB President Elechia Barry-Sproule. GTA REALTORS® reported 5,601 home sales through TRREB’s MLS® System in April 2025 – down by 23.3 per cent compared to April 2024. New listings in the MLS® System amounted to 18,836– up by 8.1 per cent year-over-year. On a seasonally adjusted basis, April home sales edged up m...
Post a Comment
Read more

Getting Your Home Back To School Ready

The countdown is on for back to school. If you have school-aged kids, now the time to prep for the busy days ahead. So, how can you get your home ready for the rush? Organize your entryway with a place to hang jackets and a spot for essentials you might need just before you go (e.g., sunglasses and keys). Declutter clothes and books, donating or selling items your kids have outgrown. Designate a study area with ample space, good lighting, and a comfortable chair. This could be in the kitchen so you can supervise homework while cooking, at the dining table, or at a desk in your child’s bedroom. Also, organize and stock up on school supplies. Organize cupboard space for lunch containers. Create a spot for quick and healthy after-school snacks like fruits and nuts, and reserve space in the fridge for perishable snacks like yogurt, cheese, and cut-up vegetables. Have a spot to hang art and test scores, such as a pegboard, a strong with clothespin, or a classic spot, the fridge. With little...
Post a Comment
Read more