Tight Market Conditions Prompt Strong Price Growth
June 4, 2014 -- Toronto
Real Estate Board President Dianne Usher announced that both the number of home
sales through the TorontoMLS system and the average selling price were up
strongly in May compared to a year ago.
Total TorontoMLS sales for May 2014 amounted to 11,079 – a new high for
the month of May. This result was up by 11.4 per cent compared to 9,946 sales
reported in May 2013. The average selling price for these sales was $585,204,
representing an 8.3 per cent year-over-year increase compared to the average price
of $540,544 in May 2013.
“We are now at the peak of the spring market when we generally see the
greatest number of sales and the highest average selling prices. Based on the
May statistics, buyers have been more active this spring compared to last year.
Despite strong price growth so far in 2014, many households remain comfortable
with the monthly mortgage payments associated with the purchase of a home, as
borrowing costs have remained at or near record lows over the past few months,”
said Ms. Usher.
Average selling prices varied across the Greater Toronto Area, depending
on geography and home type. A detached home in the City of Toronto sold, on
average, for $943,055. In the surrounding GTA regions, the average detached
price was $648,439. The average price for condominium apartments was $401,809
in the City of Toronto and $307,307 in the surrounding regions.
“The listings situation in the GTA did not improve this past May. With
listings down and sales up compared to last year, competition between buyers
increased. The result was price growth well above the rate of inflation,
especially for singles, semis and townhomes,” said Jason Mercer, TREB’s Senior
Manager of Market Analysis.
“It is also important to point out that even though the condo apartment
market segment remains comparatively well-supplied, as new project completions
have generally led to an uptick in listings, we have seen enough buyer interest
to prompt strong condo price growth as well,” continued Mercer.
総売上物件数： 11,079件 （前年同期に比べ約11.4％増加）
平均販売価格： 585,204ドル （前年同期に比べ約8.3％増加）