toronto housing market charts april 2013

7/30/2019 Toronto Housing Market Charts April 2013

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Housing Market Charts April 2013


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Explanation: This chart plots monthly MLS sales for the current year and the previous three years. The

recurring seasonal trend can be examined along with comparisons to previous years for each month.

0

2,000

4,0006,000

8,000

10,000

12,000

Source: Toronto Real Estate Board

TorontoMLS SalesMonthly with Three Previous Years for Comparison

2010 2011 2012 2013


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Explanation: This chart plots monthly MLS new listings for the current year and the previous three

years. The recurring seasonal trend can be examined along with comparisons to previous years for eachmonth.

0

5,000

10,000

15,000

20,000

25,000


TorontoMLS New ListingsMonthly with Three Previous Years for Comparison

2010 2011 2012 2013


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Explanation: This chart plots the monthly MLS sales-to-new listings ratio (SNLR) for the current year and the previousthree years. The recurring seasonal trend can be examined along with comparisons to previous years for each month.

When the SNLR moves higher, annual average price growth generally increases often at a rate well above inflation.When the SNLR moves lower, annual average price growth generally declines and can become negative.

0.000.100.200.300.400.500.600.700.800.901.001.10


TorontoMLS Sales-to-New Listings RatioMonthly with Three Previous Years for Comparison

2010 2011 2012 2013


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Explanation: This chart plots the monthly MLS average home price for the current year and the

previous three years. The recurring seasonal trend can be examined along with comparisons to previousyears for each month.

$300,000

$350,000

$400,000

$450,000

$500,000

$550,000


TorontoMLS Average Resale Home PriceMonthly with Three Previous Years for Comparison

2010 2011 2012 2013


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Explanation: This chart plots monthly MLS sales since January 1995. The blue line shows actual sales. The brownline is the trend computed using a 12-month moving average, which exhibits no seasonal variations or otherirregular fluctuations. A substantial change in actual sales must occur to change the direction of the trend.

2,000

4,000

6,000

8,000

10,000

12,000


TorontoMLS SalesMonthly Time Series with Trend Line

Actual MLS Sales

Trend (12-Month Moving Average)


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Explanation: This chart plots monthly MLS new listings since January 1995. The blue line shows actual new listings.The brown line is the trend computed using a 12-month moving average, which exhibits no seasonal variations or other

irregular fluctuations. A substantial change in actual new listings must occur to change the direction of the trend.

2,0004,0006,0008,000

10,00012,000

14,00016,00018,00020,00022,000


TorontoMLS New ListingsMonthly Time Series with Trend Line

Actual MLS New Listings



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Explanation: This chart plots monthly MLS average price since January 1995. The blue line shows the actual averageprice. The brown line is the trend computed using a 12-month moving average, which exhibits no seasonal variations or

other irregular fluctuations. A substantial change in actual average price must occur to change the direction of thetrend.

175,000

225,000

275,000

325,000375,000

425,000

475,000

525,000

575,000


TorontoMLS Average PriceMonthly Time Series with Trend Line

Actual MLS Average Price



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Explanation: This chart plots the monthly sales-to-new listings ratio (blue line) with year-over-year average annual percent price change (brown line). When the sales-to-new listings ratio moves higher, average annual per cent change in

home prices generally trends higher. When the sales-to-new listings ratio moves lower, average annual per cent changein home prices generally trends lower.

-15%

-10%

-5%

0%5%

10%

15%

20%

25%

0.00

0.20

0.40

0.60

0.80

1.00

1.20

A v e r a g e P r i c e A n n u a l P e r C e n t C h a n

g e

( B r o w

nL i n e )

S a

l e s - t

o - N

e w L i s t i n g s R a t i o

( B l u e L i n e

)


TorontoMLS Sales-to-New Listings Ratio Compared toAverage Annual Per Cent Change in Home Price

Sales-to-New Listings Ratio

Average Price Annual Per Cent Change


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Explanation: This chart plots the share of average household income that goes toward mortgage principal and interest, property taxes and utilitiesfor the average priced home in the GTA subject to the following assumptions:

1. Average annual or year-to-date home price as reported by TREB2. 20 per cent down payment3. Average 5-year fixed mortgage rate (Statistics Canada); 25-year amortization4. Average property tax rate reported by/estimated from the Statistics Canada Survey of Household Spending5. Average utilities cost reported by/estimated from the Statistics Canada Survey of Household Spending and components of the Consumer Price Index6. Average household income reported by the Census of Canada. Years in between Censuses estimated using interpolation (years up to 2005) or annual growth in average weekly earnings reported by

Statistics Canada in the Labour Force Survey (2006 onward).

25%

30%

35%

40%

45%

50%

55%

Source: Toronto Real Estate Board Data and Calculation; Statistics Canada

TREB Affordability IndicatorShare of Average Household Income Used for Mortgage Principal and Interest,Property Taxes and Utilities on the Averaged Priced GTA Resale Home

toronto housing market charts april 2013

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