TREB Housing Market Charts December 2016
TREB Housing Market Charts TorontoMLS Sales Monthly with Three Previous Years for Comparison 14,000
2013
2014
2015
2016
12,000 10,000
8,000 6,000 4,000 2,000 0
Source: Toronto Real Estate Board Explanation: This chart plots monthly MLS® sales for the current year and the previous three years. The recurring seasonal trend can be examined along with comparisons to previous years for each month.
Toronto Real Estate Board
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TREB Housing Market Charts TorontoMLS New Listings Monthly with Three Previous Years for Comparison 25,000
2013
2014
2015
2016
20,000 15,000
10,000 5,000 0
Source: Toronto Real Estate Board Explanation: This chart plots monthly MLS® new listings for the current year and the previous three years. The recurring seasonal trend can be examined along with comparisons to previous years for each month.
Toronto Real Estate Board
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TREB Housing Market Charts TorontoMLS Sales-to-New Listings Ratio Monthly with Three Previous Years for Comparison 140%
2013
2014
2015
2016
120%
100% 80% 60% 40% 20% 0%
Source: Toronto Real Estate Board Explanation: This chart plots the monthly MLS® sales-to-new listings ratio (SNLR) for the current year and the previous three years. The recurring seasonal trend can be examined along with comparisons to previous years for each month.
Toronto Real Estate Board
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TREB Housing Market Charts TorontoMLS Average Resale Home Price Monthly with Three Previous Years for Comparison $900,000
2013
2014
2015
2016
$800,000 $700,000
$600,000 $500,000 $400,000 $300,000
Source: Toronto Real Estate Board Explanation: This chart plots the monthly MLS® average home price for the current year and the previous three years. The recurring seasonal trend can be examined along with comparisons to previous years for each month.
Toronto Real Estate Board
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TREB Housing Market Charts TorontoMLS Sales Monthly Time Series with Trend Line 14,000
Actual MLS® Sales
12,000 Trend (12-Month Moving Average) 10,000 8,000 6,000 4,000
2,000
Source: Toronto Real Estate Board Explanation: This chart plots monthly MLS® sales since January 1995. The blue line shows actual sales. The brown line is the trend computed using a 12-month moving average, which exhibits no seasonal variations or other irregular fluctuations. A substantial change in actual sales must occur to change the direction of the trend.
Toronto Real Estate Board
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TREB Housing Market Charts TorontoMLS New Listings Monthly Time Series with Trend Line 22,000 20,000 18,000 16,000 14,000 12,000 10,000 8,000 6,000 4,000 2,000
Actual MLS® New Listings Trend (12-Month Moving Average)
Source: Toronto Real Estate Board Explanation: This chart plots monthly MLS® new listings since January 1995. The blue line shows actual new listings. The brown line is the trend computed using a 12-month moving average, which exhibits no seasonal variations or other irregular fluctuations. A substantial change in actual new listings must occur to change the direction of the trend.
Toronto Real Estate Board
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TREB Housing Market Charts TorontoMLS Average Price Monthly Time Series with Trend Line 875,000
775,000
Actual MLS® Average Price Trend (12-Month Moving Average)
675,000 575,000
475,000 375,000 275,000
175,000
Source: Toronto Real Estate Board Explanation: This chart plots monthly MLS® average price since January 1995. The blue line shows the actual average price. The brown line is the trend computed using a 12-month moving average, which exhibits no seasonal variations or other irregular fluctuations. A substantial change in actual average price must occur to change the direction of the trend.
Toronto Real Estate Board
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TREB Housing Market Charts
Sales-to-New Listings Ratio (Blue Line)
1.40 1.20
Sales-to-New Listings Ratio
Average Price Annual Per Cent Change
1.00 0.80 0.60
25% 20%
15% 10% 5% 0%
0.40
-5%
0.20
-10%
0.00
-15%
Average Price Annual Per Cent Change (Brown Line)
TorontoMLS Sales-to-New Listings Ratio Compared to Average Annual Per Cent Change in Home Price
Source: Toronto Real Estate Board Explanation: This chart plots the monthly sales-to-new listings ratio (blue line) with year-over-year average annual per cent price change (brown line). When the sales-to-new listings ratio moves higher, average annual per cent change in home prices generally trends higher. When the sales-to-new listings ratio moves lower, average annual per cent change in home prices generally trends lower.
Toronto Real Estate Board
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TREB Housing Market Charts TREB Affordability Indicator Share of Average Household Income Used for Mortgage Principal and Interest, Property Taxes and Utilities on the Averaged Priced GTA Resale Home
55% 50% 45%
40% 35% 30% 25%
*Note: Assumes TREB average price and average 5-Year fixed rate mortgage Source: Toronto Real Estate Board Data and Calculation; Statistics Canada 1. 2. 3. 4. 5. 6.
Average annual or year-to-date home price as reported by TREB 20 per cent down payment Average 5-year fixed mortgage rate (Statistics Canada); 25-year amortization Average property tax rate reported by/estimated from the Statistics Canada Survey of Household Spending Average utilities cost reported by/estimated from the Statistics Canada Survey of Household Spending and components of the Consumer Price Index Average household income reported by the Census of Canada. Years in between Censuses estimated using interpolation (years up to 2005) or annual growth in average weekly earnings reported by Statistics Canada in the Labour Force Survey (2006 onward).
Toronto Real Estate Board
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