march outlook condos (1)
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GTA MLS® Sales Growth2005=100
Source: TREB, CMHC calculation
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GTA MLS® Condo Sales % of Total
Source: TREB, CMHC Calculation
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GTA Home Completions
Source: CMHC
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Growth in Listings vs. Confidence All Home Types (2006=100)
Source: CREA, Conference Board of Canada
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Growth in Listings vs. Reno Spending All Home Types (2006=100)
*Ontario spending on home alterations and improvementsSource: CREA, Statistics Canada
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Most In-Demand AreasBased on 2011 MLS® Sales Data
Source: TREB, CMHC calculation
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MLS® Average Prices, GTA
Source: CREA, Statistics Canada, CMHC calculation
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GTA Housing Price vs. Income Growth(2001=100)
Source: Statistics Canada, CREA, CMHC
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Employment TrendToronto CMA (ths.)
Source: Statistics Canada, CMHC adjustment
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Length of Time to Save 5%*In Years
*Based on prevailing average gross household incomes, average MLS selling prices, and assuming a 5% annual savings rateSource: Statistics Canada, CREA, CMHC
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Actual vs. Required* Income to BuyAvg. Priced Home
*Based on average MLS sales prices, 5% down payment, maximum allowable amortization , and 5-year fixed mortgage ratesSource: Statistics Canada, CREA, CMHC
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Share of MLS® Sales Under $400K (non-condos)
Source: TREB, CMHC calculation
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Condos Share of Under $400K Market
Source: TREB, CMHC calculation
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Growth in MLS® Sales Trend
Source: TREB, CMHC calculation
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Share of MLS® Condo SalesAbove $500K
Source: TREB, CMHC calculation
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MLS® Condos ListedFrom Projects Registered During Past 12 Months
Source: TREB, Urbanation, CMHC calculation
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Share of Condo Units ListedFrom Projects Registered During Past 12 Months
Source: TREB, Urbanation, CMHC calculation
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Condo Sales-to-Listed Ratio
Source: TREB, Urbanation, CMHC calculation
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Share of Active MLS® Condo ListingsProjects Registered During Past 12 Months
Source: TREB, Urbanation, CMHC calculation
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Growth in MLS® Active ListingsFeb 2012, Year-over-year
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GTA MLS® Condo PricesMonthly Growth Trend
Source: TREB
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Avg GTA Condo Price Per SQ FT
Source: TREB, Urbanation, CMHC calculation
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GTA Condo Prices Per Square Foot
Source: Urbanation, CMHC
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GTA New Condo Sales
Source: Urbanation Inc., CMHC
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New Condo Sales Monthly Trend, Annualized
Source: RealNet Canada Inc.
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Unsold New Condo InventoryAt Quarter End
Source: Urbanation
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Share of GTA Condos Used as Rental
Source: CMHC
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Average GTA Condo Rental Vacancy Rate
Source: CMHC
1.1%
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GTA Population Growth: 25-34
Source: Statistics Canada, Ontario Ministry of Finance
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Newly Completed Units*: Carrying Cost vs. Rent
*Based on average prices and rents for a 600 square foot unit. Carrying cost assumes 20% down payment, 25-year amortization and includes maintenance fees and property taxes Source: TREB, Urbanation Inc., CMHC