Skip to main content

GTA REALTORS® RELEASE MONTHLY RESALE HOUSING FIGURES

TORONTO, August 2, 2013 – Greater Toronto Area REALTORS® reported 8,544
residential sales through the TorontoMLS system in July 2013. Total sales were up by
16 per cent compared to July 2012. Over the same period, new listings added to
TorontoMLS and active listings at the end of the month were up, but by a substantially
smaller rate of increase compared to sales.
“Last month’s sales represented the best July result since 2009 and was the third best
July result on record. Despite recent increases in average borrowing costs, home
buyers are still finding affordable home ownership options in the GTA,” said Toronto
Real Estate Board President Dianne Usher.
“We are a year removed from the onset of stricter mortgage lending guidelines and
many households who put their decision to purchase a home on hold have reactivated
their search. An increasing number of these households are getting deals done,”
continued Ms. Usher.
Reflecting tighter market conditions, the average selling price for July sales was up on a
year-over-year basis by eight per cent to $513,246. The low-rise market segment
continued to be the driver of overall price growth. It should be noted, however, that the
average condominium apartment price was also up by more than the rate of inflation on
an annual basis. The MLS® Home Price Index (HPI) was also up on a year-over-year
basis for all major home types.
“We are forecasting continued average price growth for the remainder of 2013 and
through 2014 as well. Months of inventory for low-rise homes remains near record
lows, suggesting that sellers’ market conditions will remain in place in the second half of
2013. An increase in listings in 2014 would lead to more balanced market conditions
and a slower pace of price growth next year, albeit still above the rate of inflation,” 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