Trends in Toronto Housing Market

Trends in Toronto Housing prices FOR SALE FOR SALE FOR SALE Some historical statistics How many single family homes were sold between 1980 and 2011? YEAR 1980 1985 1990 1995 2000 2005 2007 2010 2011 1000 2000 3000 4000 5000 6000 7000 8000 9000 10000 QTY. 1953 Comparisons 1953-2010 The average Single Family Home has increased from $14,424 in 1953 to over $431,300 in 2010. $14,424 AVERAGE: 2010 6.14% compounded annually, TAX FREE for most ownersl $431,300 ABOUT 75,000 annual immigrants and continuing favorable interest rates support the demand for housing in the Toronto area. Average Selling Price 1980-2011 500k 450k 400k 350k 300k 250k 200k 2011 2010 150k 2003 2002 2004 2001 1997 1996 1995 2000 1999 1998 100k 1993 1994 50k 198, 1980 This chart presents average price trends for houses in the Toronto area during the last 30 years. House prices clearly peaked in 1989 and then dropped until 1996. House prices have been steadily increasing during the last few years although not at the dramatic rates seen during the late 1980s. Prices levelled off during 2008, but resumed their upward climb in 2009. What Factors Affect the Toronto Housing Market Interest rates Conditions Demand Economic conditions The interest rates remain Young people, immigrants, and foreign investors are fuelling the demand, while older generations stay longer in their homes. improved over the last year. still at their historical low, lowering the real cost of purchasing a house, town- house, condo apartment or loft, at least for the length of the mortgage term. The recent increases have nei- Total GDP of the city of Toronto: 141.3 124.6 117.4 ther dampened the activity down in any significant way, nor remarkably re- duced affordability. 韓 本 會 2005 2010 2015* *Estimate Mortgage Rates Employment Income In the last 12 months, em- ployment grew by 1.2% and the unemployment rate stood at 7.5%. These posi- tive employment results will continue to support Canada's housing sector. Mortgage rates are expected to remain near historically low levels. Income is expected to grow at a moderate pace due to global economic uncertainties. Despite that, real wage growth, low inflation, affordability, and overall demographics are expected continue to support housing demand in 4% Historical prime lending rate 7.5% 3% 3% the medium term. 2.25% 1.2% 2008 2009 2010 2011 2011 2012 And what about the effect Migration Natural and levels of population growth? Population Canada is thus expected to attract more immigrants and this will have positive With slow birth rate demand for housing is golng to be low in short term and long term. İmpact on housing demand in medlum and long term. +100,000 immigrants arrive every year to Toronto Population growth 1981-2011: 2,615,060 estimated people living in Toronto, according to the last complete census by Statistics Canada. 1981 1986 1991 1996 오 001 오 006 오 011 Home Sales by Type of Property: 1.5% -0.2% -0.1% |Single Detached -0.1% ICondo Apartment 8% OSemi Detached 8.6% Condo Townhouse DAttached/ Row house 47.2% 10.8% O Link ICo-op Apartment 23.6% ICondo. Detached ICo-ownership Apt. Chart shows total Toronto home sales, broken down by category. Home Sales by Price Range: This chart breaks down sales of single family homes during August 2012 by price range to determine highest-selling (most popular) price range. As you can see, this is the $300,000 - $400,000 range AUGUST 2012 Over $ 오 , 000,000 $1,750,000-$1,999,999 $1,500,000-$1,749,999 $1,250,000-$1,499,999 $1,000,000-$1,249,999 $900,000-$999,999 $800,000-$899,999 $700,000-$799,999 $600,000-$699,999 $500,000-$599,999 $400,000-$499,999 $200,000-$299,999 $300,000-$399,999 $200,000-$299,999 $100,000-$199,999 $0-$99,999 오 00 400 600 800 1000 1 오 00 1400 1600 1800 오 000 NUMBER OF SALES Average Monthly Selling Price 2012 vs 2011 2011 550K 2012 500K 450K 400K E 350K 300K JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC http://www.randi-emmott.com/ http://www.wheretrustbegins.com/ http://www.torontohomes-for-sale.com/ CMI Canadian Mortgages Inc. SOURCES: http://www.thetorontorealestate.com/ http://www.investtoronto.ca/ http://www.ratehub.ca/ en.wikipedia.org "Canadian Mortgages Inc. Provides mortgage brokerage, investment, and construction financing. Check out our services at http://www.canadianmortgagesinc.ca or follow us on twitter to keep up to date with the latest in Canadian real estate and investment news'. @camortgages PRICE RANGE AVERAGE PRICE AVERAGE PRICE 2,137,395 2,192,721 2,275,771 2,385,421 2,481,494 2,503,281 2,615,060 Trends in Toronto Housing prices FOR SALE FOR SALE FOR SALE Some historical statistics How many single family homes were sold between 1980 and 2011? YEAR 1980 1985 1990 1995 2000 2005 2007 2010 2011 1000 2000 3000 4000 5000 6000 7000 8000 9000 10000 QTY. 1953 Comparisons 1953-2010 The average Single Family Home has increased from $14,424 in 1953 to over $431,300 in 2010. $14,424 AVERAGE: 2010 6.14% compounded annually, TAX FREE for most ownersl $431,300 ABOUT 75,000 annual immigrants and continuing favorable interest rates support the demand for housing in the Toronto area. Average Selling Price 1980-2011 500k 450k 400k 350k 300k 250k 200k 2011 2010 150k 2003 2002 2004 2001 1997 1996 1995 2000 1999 1998 100k 1993 1994 50k 198, 1980 This chart presents average price trends for houses in the Toronto area during the last 30 years. House prices clearly peaked in 1989 and then dropped until 1996. House prices have been steadily increasing during the last few years although not at the dramatic rates seen during the late 1980s. Prices levelled off during 2008, but resumed their upward climb in 2009. What Factors Affect the Toronto Housing Market Interest rates Conditions Demand Economic conditions The interest rates remain Young people, immigrants, and foreign investors are fuelling the demand, while older generations stay longer in their homes. improved over the last year. still at their historical low, lowering the real cost of purchasing a house, town- house, condo apartment or loft, at least for the length of the mortgage term. The recent increases have nei- Total GDP of the city of Toronto: 141.3 124.6 117.4 ther dampened the activity down in any significant way, nor remarkably re- duced affordability. 韓 本 會 2005 2010 2015* *Estimate Mortgage Rates Employment Income In the last 12 months, em- ployment grew by 1.2% and the unemployment rate stood at 7.5%. These posi- tive employment results will continue to support Canada's housing sector. Mortgage rates are expected to remain near historically low levels. Income is expected to grow at a moderate pace due to global economic uncertainties. Despite that, real wage growth, low inflation, affordability, and overall demographics are expected continue to support housing demand in 4% Historical prime lending rate 7.5% 3% 3% the medium term. 2.25% 1.2% 2008 2009 2010 2011 2011 2012 And what about the effect Migration Natural and levels of population growth? Population Canada is thus expected to attract more immigrants and this will have positive With slow birth rate demand for housing is golng to be low in short term and long term. İmpact on housing demand in medlum and long term. +100,000 immigrants arrive every year to Toronto Population growth 1981-2011: 2,615,060 estimated people living in Toronto, according to the last complete census by Statistics Canada. 1981 1986 1991 1996 오 001 오 006 오 011 Home Sales by Type of Property: 1.5% -0.2% -0.1% |Single Detached -0.1% ICondo Apartment 8% OSemi Detached 8.6% Condo Townhouse DAttached/ Row house 47.2% 10.8% O Link ICo-op Apartment 23.6% ICondo. Detached ICo-ownership Apt. Chart shows total Toronto home sales, broken down by category. Home Sales by Price Range: This chart breaks down sales of single family homes during August 2012 by price range to determine highest-selling (most popular) price range. As you can see, this is the $300,000 - $400,000 range AUGUST 2012 Over $ 오 , 000,000 $1,750,000-$1,999,999 $1,500,000-$1,749,999 $1,250,000-$1,499,999 $1,000,000-$1,249,999 $900,000-$999,999 $800,000-$899,999 $700,000-$799,999 $600,000-$699,999 $500,000-$599,999 $400,000-$499,999 $200,000-$299,999 $300,000-$399,999 $200,000-$299,999 $100,000-$199,999 $0-$99,999 오 00 400 600 800 1000 1 오 00 1400 1600 1800 오 000 NUMBER OF SALES Average Monthly Selling Price 2012 vs 2011 2011 550K 2012 500K 450K 400K E 350K 300K JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC http://www.randi-emmott.com/ http://www.wheretrustbegins.com/ http://www.torontohomes-for-sale.com/ CMI Canadian Mortgages Inc. SOURCES: http://www.thetorontorealestate.com/ http://www.investtoronto.ca/ http://www.ratehub.ca/ en.wikipedia.org "Canadian Mortgages Inc. Provides mortgage brokerage, investment, and construction financing. Check out our services at http://www.canadianmortgagesinc.ca or follow us on twitter to keep up to date with the latest in Canadian real estate and investment news'. @camortgages PRICE RANGE AVERAGE PRICE AVERAGE PRICE 2,137,395 2,192,721 2,275,771 2,385,421 2,481,494 2,503,281 2,615,060