Wednesday, October 7, 2015
Monday, October 5, 2015
GTA REALTORS® RELEASE MONTHLY RESALE HOUSING FIGURES TORONTO for September 2015
October 5, 2015 – Toronto Real Estate Board President Mark
McLean announced that Greater Toronto Area REALTORS® reported a record number
of transactions for the month of September through TREB’s MLS® System. There
was a combined 8,200 home sales reported for September 2015. This result was up
2.5 per cent compared to September 2014. TREB MLS® sales through the first nine
months of 2015 amounted to 80,331, which also represented a record result and a
9.5 per cent increase compared to the first three quarters of 2014. “We are on
track for record home sales reported through TREB’s MLS® System this year.
Barring a drastic shift in the economy over the next three months, total
transactions reported by TREB Members in 2015 are expected to be at or near the
100,000 mark. This is a testament to the importance that GTA households put on
home ownership as a long term investment,” said Mr. McLean. The MLS® Home Price
Index (HPI) Composite Benchmark Price was up by 10.5 per cent year over year.
The average selling price for all home types combined was also up by 9.2 per
cent annually to $627,395. Growth in the MLS® HPI Composite Benchmark and the
average price was driven by the low-rise market segments, including detached
and semidetached houses and townhouses. “While September was the second
straight month where annual growth in new listings outstripped annual growth
sales, total active listings at the end of the month still remained below last
year’s level. This, coupled with the record pace of sales experienced so far
this year, suggests that competition between buyers will remain strong as we
move into the fourth quarter. Expect strong rates of price growth to continue
through the remainder of 2015 and into 2016,” said Jason Mercer, TREB’s
Director of Market Analysis.
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