• Toronto Employment Growth November 2017 3.8 % Month November 2017 1 year 3 year 5 year 3.24 % 3.74 % 4.99 % November 2017 1 class 3 class 5 Year

    — — market Watch For All TREB Member Inquiries : ( 416 ) 443-8158 For All Media/Public Inquiries : ( 416 ) 443-8152 GTA REALTORS® Release November Stats TORONTO, ONTARIO, December 5, 2017 – Toronto Real Estate Board President Tim Syrianos announced that Greater Toronto Area REALTORS® reported 7,374 transactions through TREB ’ s MLS® System in November 2017. This result was up compared to October 2017, bucking the regular seasonal worker course. On a year-over-year basis, sales were down by 13.3 per cent compared to November 2016. New listings entered into TREB ’ s MLS® System in November 2017 amounted to 14,349 – up by 37.2 per penny compared to November 2016, when the issue of listings was very depleted from a historic perspective. “ We have seen an uptick in necessitate for possession caparison in the GTA this fall, over and above the regular seasonal worker vogue. similar to the Greater Vancouver feel, the impact of the Ontario Fair Housing Plan and peculiarly the foreign buyer tax may be starting to wane. On crown of this, it is besides potential that the approaching changes to mortgage lend guidelines, which come into impression in January, have prompted some households to speed up their home plate bribe decision, ” said Mr. Syrianos. The MLS® Home Price Index ( HPI ) composite benchmark price was up by 8.4 per penny on a year-over-year basis in November 2017. The median selling price for all base types combined was down by two per cent compared to November 2016, ascribable in big part to a smaller plowshare of detach home sales versus concluding year. On a year-to-date basis, the average deal price was up by 13.4 per cent compared to the lapp time period stopping point class. High density home types continued to lead the way in terms of price growth, with the average condominium apartment price up by double-digits compared to November 2016. “ Changes in commercialize conditions have not been uniform across market segments. In line with insights from consumer polling undertaken by Ipsos in the give, we are still seeing seller ’ mho commercialize conditions for townhouses and condominium apartments in many neighbourhoods versus more balanced grocery store conditions for detached and semi-detached houses. We will have more insights to share about consumer intentions for 2018 at the end of January when TREB releases its third annual grocery store Year in Review and Outlook report, ” said Jason Mercer, TREB ’ s Director of Market Analysis. TREB MLS® Sales activity 7,374 8,503 November 2017 November 2016 TREB MLS® Average Price $ 761,757 $ 777,091 November 2017 November 2016 Year-Over-Year Summary 2017 2016 % Chg. Sales New Listings Active Listings Average Price Average DOM 7,374 8,503 -13.3 % 14,349 10,456 37.2 % 18,197 8,639 110.6 % $ 761,757 $ 777,091 -2.0 % 24 17 41.2 % Sources and Notes : i – Statistics Canada, Quarter-over-quarter growth, annualized ii – Statistics Canada, Year-over-year growth for the most recently reported month iii – Bank of Canada, Rate from most late Bank of Canada announcement iv – Bank of Canada, Rates for most recently completed calendar month

    very GDP Growth Q3 2017 1.7 % Toronto Unemployment Rate November 2017 5.9 % inflation Rate ( Yr./Yr. CPI Growth ) October 2017 1.4 % Bank of Canada Overnight Rate November 2017 — 1.00 % Prime Rate November 2017 — 3.20 % economic Indicators Metrics Sales Average Price 416 905 sum 416 905 entire 2017 Detached Semi – Detached Townhouse Condo Apartment 812 2,319 3,131 $ 1,276,184 $ 898,605 $ 996,527 267 474 741 $ 904,711 $ 632,631 $ 730,668 281 908 1,189 $ 760,501 $ 586,601 $ 627,700 1,606 604 2,210 $ 555,396 $ 414,782 $ 516,965 Sales & average price By Major Home Type November 2017 November 2017 one two two three intravenous feeding Detached Semi – Detached Townhouse Condo Apartment -5.1 % -6.2 % -5.8 % -0.7 % 2.2 % 1.2 % 12.3 % 2.7 % 4.8 % 17.7 % 10.6 % 16.4 % Detached Semi – Detached Townhouse Condo Apartment -18.9 % -19.2 % -19.1 % -4.0 % -7.4 % -6.2 % -17.6 % -6.4 % -9.3 % -6.1 % -12.3 % -7.9 % 1,7 1,7 1,7 1,7

    Year-Over-Year Per Cent Change mortgage Rates layout 1 Layout 2 Layout 3 Layout 4 Layout 5 Layout 6 Layout 7 Layout 8 Layout 9 Layout 10 Layout 11 Layout 12 Layout 13 Layout 14 Layout 15 Layout 16 Layout 17 Layout 18 Layout 19 Layout 20 Layout 21 Layout 22 Layout 23 Layout 24 Layout 25 Layout 26 Layout 27

  • Leave a Reply

    Your email address will not be published.