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Greater  Toronto  REALTORS®  Report  Mid  Month  Housing  Market  Figures   TORONTO, December 16, 2014 – Toronto Real Estate Board President Paul Etherington announced that Greater Toronto REALTORS® reported 2,496 sales through the TorontoMLS system during the first 14 days of December 2014. This result was up by 1.9 per cent compared to the same period in December 2013. Over the same period, new listings were down by 1.8 per cent year over year. “Greater Toronto Area households remain upbeat about buying a home, as evidenced by the increase in sales compared to last year. However, many would-be home buyers continue to have problems getting a deal done due to the lack of listings for some home types. The lack of listings has definitely been a drag on sales this year,” said Mr. Etherington. The average selling price for December mid-month transactions was $565,873, which represented a year-over-year increase of 8.6 per cent. Price growth was driven by the detached market segment in the City of Toronto. “Sellers’ market conditions remain in place for low-rise home types, including detached and semi-detached houses and townhouses. The condominium apartment segment of the market has been more balanced due to strong project completions, but there has been enough buyer interest to prompt condo price growth above the rate of inflation,” said Jason Mercer, TREB’s Director of Market Analysis.

Summary  of  TorontoMLS  Sales  and  Average  Price  December  1-­‐14,  2014  

 2014   2013  

 Sales   Average  Price   New  Listings   Sales   Average  Price   New  Listings  

City  of  Toronto  ("416")   982   581,544   1,214   939   534,443   1,215  Rest  of  GTA  ("905")   1,514   555,708   1,636   1,510   512,798   1,687  GTA   2,496   565,873   2,850   2,449   521,098   2,902  

 TorontoMLS  Sales  &  Average  Price  By  Home  Type  December  1-­‐14,  2014  

 Sales   Average  Price  

 416   905   Total   416   905   Total  

             Detached   299   833   1,132   $936,761   $685,429   $751,815  Yr./Yr.  %  Change   7.9%   1.3%   3.0%   15.2%   7.9%   10.5%  

Semi-­‐Detached   72   165   237   $660,412   $447,075   $511,886  Yr./Yr.  %  Change   -­‐18.2%   12.2%   0.9%   1.1%   9.0%   2.2%  

Townhouse   112   275   387   $491,303   $420,866   $441,251  Yr./Yr.  %  Change   6.7%   -­‐5.8%   -­‐2.5%   10.0%   8.5%   9.4%  

Condo  Apartment   492   200   692   $376,845   $299,844   $354,590  Yr./Yr.  %  Change   8.8%   -­‐7.0%   3.7%   3.1%   2.4%   3.6%  

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