■Market Watch-November, 2014

October 2014 Sales & Average Price Up Year-Over-Year

November 5, 2014 -- Toronto Real Estate Board President Paul Etherington announced that Greater Toronto Area REALTORS® reported 8,552 sales through the TorontoMLS system in October 2014. This result represented an increase of 7.7 per cent compared to October 2013. New listings were also up on a year-over-year basis, but by a lesser 3.4 per cent.

“Strong growth in sales was evident across all major home types during the first full month of fall. This suggests that there are a lot of households across the Greater Toronto Area who remain upbeat about the benefits of home ownership over the long term, whether we’re talking about first-time buyers or existing home owners looking to change their housing situation,” said Mr. Etherington.

The average selling price for October 2014 transactions was $587,505 – up 8.9 per cent compared to the average of $539,286 reported for October 2013. The MLS® HPI composite benchmark price was up by 8.3 per cent over the same period. Low-rise home types, including singles, semis and town houses, continued to be the driver of year-over-year growth in the average price and the MLS® HPI composite benchmark.

“While sales growth has tracked strongly so far this fall, many would-be home buyers have continued to have difficulties finding a home due to the constrained supply of listings in some parts of the Greater Toronto Area, particularly where low-rise home types are concerned. The resulting sellers’ market conditions are forecast to drive strong price growth through the remainder of 2014 and indeed into 2015 as well,” said Jason Mercer, TREB’s Director of Market Analysis.


11月マーケットウォッチ略訳
■数字で見る2014年10月
総売上物件数：　8,552件　（前年同期に比べ約7.7％増加）
平均販売価格：　587,505ドル　（前年同期に比べ約8.9％増加）

■要訳
秋に入っても売上高に強い伸びが記録されている一方、たくさんの住宅購入予定者は低層タイプの家が多く集中するエリアの売り物件数不足のため引き続き家を見つける難しさを感じています。結果として見られる売り手市場の状況が、２０１４年残りと２０１５年に同様の強い価格の成長を牽引すると予測されています。

Source: www.torontorealestateboard.com