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Mid Month

GTA REALTORS(r) reported 2,823 sales through the TorontoMLS system during the first 14 days of February. This result represented a decline of 8. Per cent compared to the same period in 2012. The average selling price for TorontoMLS transactions in the first half of February was $509,061 - up by four per cent in comparison to the same time last year.

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34 views1 page

Mid Month

GTA REALTORS(r) reported 2,823 sales through the TorontoMLS system during the first 14 days of February. This result represented a decline of 8. Per cent compared to the same period in 2012. The average selling price for TorontoMLS transactions in the first half of February was $509,061 - up by four per cent in comparison to the same time last year.

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NEWS RELEASE

GTA REALTORS RELEASE MID-MONTH RESALE HOUSING FIGURES

TORONTO, February 19, 2013 Greater Toronto Area REALTORS reported 2,823 sales through the TorontoMLS system during the first 14 days of February. This result represented a decline of 8.3 per cent compared to the same period in 2012. The number of transactions was lower for most home types in comparison to last year, but so too was the number of new listings. This means that market conditions remained quite tight, especially for lowrise home types. The result was continued price growth over last year, said Toronto Real Estate Board President Ann Hannah. The average selling price for TorontoMLS transactions in the first half of February was $509,061 up by four per cent in comparison to the same time last year. The annual rate of price growth so far in February has been in line with expectations for 2013. The average selling price in the GTA will continue to grow this year but at a slower pace compared to 2012. The basis of this price growth will be the low-rise segment of the market, for which months of inventory and therefore choice for buyers remains very low, said Jason Mercer, TREBs Senior Manager of Market Analysis. Summary of TorontoMLS Sales and Average Price February 1 - 14 2013 Sales City of Toronto ("416") Rest of GTA ("905") GTA 1,087 1,736 2,823 Average Price $555,423 $480,030 $509,061 Sales 416 Detached Yr./Yr. % Change Semi-Detached Yr./Yr. % Change Townhouse Yr./Yr. % Change Condo Apartment Yr./Yr. % Change 384 -4.0% 111 -9.8% 117 17.0% 458 -14.4% 905 972 -11.7% 175 -11.2% 339 1.8% 213 -11.6% Total 1,356 -9.7% 286 -10.6% 456 5.3% 671 -13.5% 416 817,217 5.8% 625,887 5.3% 448,876 15.9% 355,666 -8.4% New Listings 2,196 3,323 5,519 Sales 1,169 1,910 3,079 2012 Average Price $540,246 $458,071 $489,270 Average Price 905 578,965 5.0% 399,554 4.9% 376,320 10.1% 275,950 2.3% Total 646,435 5.9% 487,397 5.3% 394,936 12.1% 330,361 -6.0% New Listings 2,465 3,540 6,005

TorontoMLS Sales & Average Price By Home Type February 1 - 14, 2013

Greater Toronto REALTORS are passionate about their work. They are governed by a strict Code of Ethics and share a state-of-the-art Multiple Listing Service. Over 36,000 TREB Members serve consumers in the Greater Toronto Area. The Toronto Real Estate Board is Canadas largest real estate board. Media Inquiries: Mary Gallagher, Senior Manager Public Affairs (416) 443-8158 [email protected] Get the latest real estate news and Market Watch information including market watch summary video

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