GTA REALTORS® Report Monthly Resale Housing Market Figures

TORONTO, Feb. 4 /CNW/ - Greater Toronto REALTORS® reported 4,337 transactions through the
TorontoMLS® system in January 2011. This result was 13 per cent lower than the record result reported
in January 2010.

"While off the record pace experienced a year ago, the GTA resale market has started the year on a solid
footing. Home buyers in Toronto and surrounding areas continue to benefit from a diversity of housing
types for sale at many different price points," said TREB President Bill Johnston.

The average selling price for January 2011 sales was $427,037, representing an increase of over four per
cent compared to the average of $409,058 reported in January 2010.

"The average selling price is expected to grow at a moderate pace in 2011. Growth rates in the three to
five per cent range will be sustainable from an affordability perspective," said Jason Mercer, TREB's
Senior Manager of Market Analysis.

  Summary Of Sales And Average Price      
             

 

 

January

 

 

 
             

 

 

2011

 

2010

 

 

 
Sales Average Price Sales Average Price 
City of Toronto ("416") 1,718 $447,644 1,973 $428,151 
Rest of GTA ("905") 2,619 $413,519 3,013 $396,556 
GTA 4,337 $427,037 4,986 $409,058 

Source: Toronto Real Estate Board

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sales & Average Price By Home Type


 

 
             

 

 

 

 

 

 

 

 

 

January‐ 2011

 

 

 

 

 

Sales

 

Average Price


 

 

416

905

Total

  416  

  905  

  Total  

 

 

 

 

 

 

 

Detached

531

1,440

1,971

646,057

503,601

541,980

   Yr./Yr. % Change

- 13%

- 16%

- 15%

3%

6%

5%

Semi‐ Detached

172

298

470

493,940

339,644

396,110

   Yr./Yr. % Change

-9 %

- 12%

- 11%

13%

4%

8%

Townhouse

183

456

639

381,768

311,285

331,470

   Yr./Yr. % Change

- 16%

-13%

- 14%

- 2%

4%

2%

Condo Apartment

805

358

1,163

  327,868  

  255,627  

  305,630  

   Yr./Yr. % Change

- 14%

-7%

- 12%

5%

3%

5%

Source: Toronto Real Estate Board

 

 

 

 

 

 

Greater Toronto REALTORS® are passionate about their work. They adhere to a strict Code of Ethics
and share a state-of-the-art Multiple Listing Service. Serving over 31,000 Members in the Greater
Toronto Area, the Toronto Real Estate Board is Canada's largest real estate board. Greater Toronto Area
open house listings are now available on www.TorontoRealEstateBoard.com.

Get the latest real estate news and Market Watch information including market watch summary video
www.twitter.com/TREB_Official     www.facebook.com/TorontoRealEstateBoard     www.youtube.com/TREBChannel

SOURCE Toronto Real Estate Board

For further information:

For Media/Public Inquiries:
Mary Gallagher, Toronto Real Estate Board Senior Manager Media Relations
1400 Don Mills Road Toronto ON M3B 3N1 Office: (416) 443-8158 Email:maryg@trebnet.com

Profil de l'entreprise

Toronto Real Estate Board

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