TORONTO, September 4, 2015 – Toronto Real Estate Board
President Mark McLean announced that Greater Toronto Area REALTORS® reported
7,998 residential transactions through the TREB MLS® System in August 2015.
This result represented a 5.7 per cent increase compared to 7,568 sales
reported in August 2014. On a GTA-wide basis, sales were up for all major home
types. The annual growth rate in new listings was greater than the annual
growth rate in sales, but active listings at the end of August were still down
compared to last year. This suggests that sellers’ market conditions remained
in place, especially where low-rise home types like singles, semis and
townhouses were concerned. “Buyers in the GTA remain confident in their ability
to purchase and pay for a home over the long term. They see ownership housing
as a quality investment that has historically produced positive returns while
at the same time providing owners with a place to live in their chosen
community,” said Mr. McLean. Both the MLS® Home Price Index (HPI) Composite
Benchmark and the average selling price for all home types combined were up
substantially in August compared to the same period in 2014, with both
increasing by approximately 10 per cent year-over-year. “A record year for home
sales continued to unfold in August as competition between buyers exerted
upward pressure on selling prices. It was encouraging to see annual growth in
new listings outstrip annual growth in sales, but we will need to see this for
a number of months before market conditions become more balanced," said
Jason Mercer, TREB's Director of Market Analysis.
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...
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