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John Helfrich, Broker, Real Estate Homeward , Brokerage | 416.698.2090 | Direct: 416.464.8920 | John@EastEndTorontoHomes.com

Toronto Real Estate Market Statistics August 2011

September 9, 2011

Toronto Real Estate Board Sale Prices August 2011

Toronto Real Estate Statistics August 2011

Number of Sales (all TREB districts)

The Toronto Real Estate Board saw 7,542 sales through the Toronto MLS system this August, which was an increase of 24% compared to August 2010. Even though new listings were up 20%, it failed to satisfy demand and market conditions remained 'tight'. I believe this vibrant market will continue as long as interest rates remain at near-record lows. (Subscribe to monthly posts)

Average Prices (all TREB districts)

  • The average price of an MLS listed home sold in the GTA in August was $451,663 – 10.3 per cent more than the August 2010 prices.
  • TREB Real Estate Listings in the GTA were on the market an average of 27 days (DOM), one day longer than in July.
  • Average sales to listings ratio was 43.7% , a slight drop from 45% in July.  This is still an unusually high ratio of sales to listings for the entire GTA market and is due in part to a shortage of listings. On the whole, it's still a Sellers market.

From now on we will report on '416' statistics as well as the combined GTA numbers.

Toronto Real Estate Statistics (not the entire GTA) for August 2011

District Active Sales % S - A Avg. Price Avg. DOM
Toronto '416' area 6,611 2,898 44% $464,863 26

East End Toronto Real Estate Statistics for August 2011

I like to provide the entire GTA Real Estate Market statistics because they present a good idea of overall trends. But the area is so large that it creates a distorted picture of the local 'micro-markets'. My personal focus is on the East End Toronto Real Estate Market, better known as districts E01, E02, and E03.

How East End Toronto Real Estate Markets Compare to the Rest of the GTA

District Active Sales % S - A Avg. Price Avg. DOM
E01 120 54 45% $557,996 20
E02 84 59 70% $582,865 18
E03 150 57 38% $412,543 27
TOTALS 354 170 48% $

Toronto Real Estate Board 'Redistricting' Program

As I mentioned in my last post, as of July 5th, 2011, TREB has broken down the larger districts of E01, E02 and E03 into smaller 'community' areas that are easier to identify with.

The problem is, they haven't got it quite right, just yet. Do you live in Leslieville? Doesn't exist! They say 'South Riverdale. Same problem with The Upper Beaches. You're in Woodbine Corridor or East End Danforth. Not much of an improvement. I expect it may change once more to better reflect our neighbourhoods. When it does, I'll provide detailed statistics for your communities. I'd love to break it down as far as Beaches, Leslieville, Riverdale and Danforth Village.

This Toronto Real Estate Statistics Post Will Change Based On Your Responses

What conclusions/trends/events would you like me to report on?

I sift through a mountain of raw data every month to deliver answers to your most important questions. Leave a comment or question below to let me know how you think this post should change. I can examine other stats, or dig deeper into the conclusions I’m pulling from the data. This post is for you and I’d like it to be as relevant to your needs as possible. (Click here for subscription to blog posts and monthly statistical updates)

For the full Toronto Real Estate Market Statistics report, August 2011, see below for the ‘Slide-Share’ presentation. Use arrows to scroll through the presentation.

[slideshare id=9190957&doc=torontorealestatestatisticsaugust2011-110909065058-phpapp01]


Tagged with: August 2011 toronto real estate Toronto Real Estate Board toronto real estate market Toronto Real Estate Stats Toronto Stats TREB
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