Toronto Resale Housing Market March 2014 Report

By Penny Elizabeth Dutkowski, Broker
During March 2009, one half of all residential properties sold via TREB's MLS® 

System were acquired for $317,500 or less. Five years later, that median price soared to $473,000 - a whopping 49% increase. If average price is your 
preferred measure, an even more 
shocking 54% increase ran $362,050 up to $557,684. To add a bit more perspective, March 2009's median price is just $500 shy of March 2014's median price for a condominium apartment within the GTA - and the spring market is only just underway.

First time or marginal buyers, this is not a market favourable to you! 

With the above marked price changes in mind and in conjunction with the data behind the analyses provided here on ISYM over the last two years, it appears that unit sales in Toronto and surrounding area is like the engines of an over loaded train labouring to maintain an uphill climb. So that we may see where Toronto's housing market is headed, ISYM's charts and graphs for 2014 will track that climb, stall or backward slide by 'load' - dwelling type and price for each. 

The following three charts track the monthly sales, activity and months of inventory for each of detached, semi-detached, town homes and condominium apartments, isolating Toronto's market from the rest of the GTA (905) for a comparative analysis. From these we want to track any shifts between dwelling type and/or area - colour coded for ease of reference.

Always of importance is the following report by month over 5 years.

And finally for reference to month over month aggregate price change.

By Penny Elizabeth Dutkowski, Broker with HomeLife/Bayview Realty Inc., Brokerage-Independently Owned and Operated. 

All posts are the express opinion of Penny Elizabeth Dutkowski and should not be construed as that of the Brokerage.