Skip to main content

GREATER TORONTO REALTORS® RELEASE MONTHLY RESALE MARKET FIGURES - November 2013

TORONTO, December 4, 2013 – Greater Toronto Area REALTORS® reported 6,391
residential sales through the TorontoMLS system in November, representing a 13.9 per
cent increase over the sales result for November 2012. Over the same period, new
listings on TorontoMLS were down by 4.4 per cent and month-end active listings were
down by 12.1 per cent.

“Growth in sales was strong for most home types in the Greater Toronto Area. Sales
growth was led by the single-detached market segment followed by condominium
apartments. Together, singles and condos accounted for almost three-quarters of total
GTA transactions,” said Toronto Real Estate Board President Dianne Usher.

“With National Housing Day having just passed, housing affordability is top of mind in
the GTA and indeed nationally. Despite strong price growth and an uptick in borrowing
costs this year, monthly mortgage payments on the average priced home remain
affordable for a household earning the average GTA income,” continued Ms. Usher.

The average selling price for November 2013 TorontoMLS transactions was $538,881 –
up by 11.3 per cent in comparison to the average of $484,208 reported for November
2012. The MLS® Home Price Index (HPI) Composite Benchmark was up by 5.7 per
cent over the same period.

“Whether we consider the average TorontoMLS selling price or the MLS® HPI
Composite Benchmark, annual home price growth remained well-above the rate of
inflation in November. This makes sense given the fact that competition between
buyers increased last month. Transactions were up strongly year-over-year while the

number of homes available for sale was down,” said Jason Mercer, TREB’s Senior Analysis.

Comments

Popular posts from this blog

Holiday Travel Tips for Your Home

The festive holidays are approaching, and calendars are already filling up. Whether you’re staying with family around the country or taking an extended leave to escape the winter, you may be planning to leave your home vacant for more than a day or two. To ward against coming home to the wrong kind of holiday surprise, here’s what to do before you depart. Cheap Wi-Fi cameras Security equipment might sound high-tech and expensive, but securing your home against potential intrusion doesn’t cost much. For around $30, you should be able to outfit your home with WIFI cameras which are home assistant compatible. Shut the main water off Remember to shut off the main water supply if you plan to be away from your home for more than a day. In the event of a plumbing failure, your home could fall prey to serious water damage. Install smart water sensors in your basement Installing a smart water sensor in your basement can easily save a lot of money and worry. Some models will alert you to leaks a...

GTA REALTORS Release March 2025 Stats

Homeownership in the Greater Toronto Area (GTA) became more affordable in March 2025 compared to the previous year. On average, both borrowing costs and home prices have declined over the past year, making monthly payments more manageable for households looking to buy a home. “Homeownership has become more affordable over the past 12 months, and we expect further rate cuts this spring. Buyers will also benefit from increased choice, giving them greater negotiating power. Once consumers feel confident in the economy and their job security, home buying activity should improve,” said Toronto Regional Real Estate Board (TRREB) President Elechia Barry-Sproule. “Given the current trade uncertainty and the upcoming federal election, many households are likely taking a wait-and-see approach to home buying. If trade issues are solved or public policy choices help mitigate the impact of tariffs, home sales will likely increase. Home buyers need to feel their employment situation is solid before ...

TRREB MLS® SALES MARCH 2025