TREB Housing Market Charts

January 2020
 TREB Housing Market Charts
TREB MLS® Sales
Monthly with Three Previous Years for Comparison
12,000
2017 2018 2019 2020

10,000

8,000

6,000

4,000

2,000

0
ry ry ch ril ay ne ly st be
r er be
r
be
r
ua ua ar Ap M u Ju gu b
a n br M J
Au tem cto ve
m e m
J Fe ep O
No Dec
S
Source: Toronto Real Estate Board
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.

Toronto Real Estate Board

 TREB Housing Market Charts
TREB MLS® New Listings
Monthly with Three Previous Years for Comparison
30,000
2017 2018 2019 2020

25,000

20,000

15,000

10,000

5,000

0
ry ry ch ril ay ne ly st be
r er be
r
be
r
ua ua ar Ap M u Ju gu b
a n br M J
Au tem cto ve
m e m
J Fe ep O
No Dec
S
Source: Toronto Real Estate Board
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 each month.

Toronto Real Estate Board

 TREB Housing Market Charts
TREB MLS® Sales-to-New Listings Ratio
Monthly with Three Previous Years for Comparison
90%
2017 2018 2019 2020
80%

70%

60%

50%

40%

30%

20%

10%

0%
y ry ch il ay e ly st r r r r
ar a ar Ap
r n Ju gu be be be be
n u ru M
M Ju u m ct o m m
Ja Fe
b A pte O ove ece
Se N D
Source: Toronto Real Estate Board
Explanation: This chart plots monthly MLS® Sales-to-New Listings ratio 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.

Toronto Real Estate Board

 TREB Housing Market Charts
TREB MLS® Average Resale Home Price
Monthly with Three Previous Years for Comparison
$1,000,000
2017 2018 2019 2020
$900,000

$800,000

$700,000

$600,000

$500,000

$400,000

$300,000

$200,000

$100,000

$0
ry ry ch ril ay ne ly us
t
be
r
be
r
be
r
be
r
nu
a
ru
a ar Ap M Ju Ju g o
Ja b M Au em ct ve
m
ce
m
Fe pt O o e
Se N D
Source: Toronto Real Estate Board
Explanation: This chart plots monthly MLS® Average Resale Home Price 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.

Toronto Real Estate Board

 TREB Housing Market Charts
TREB MLS® Sales
Monthly Time Series with Trend Line
14,000

MLS Sales Sales Trend (12-Month Moving Average)

12,000

10,000

8,000

6,000

4,000

2,000
4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0
n-9 n-9 n-9 n-9 n-9 n-9 n-0 n-0 n-0 n-0 n-0 n-0 n-0 n-0 n-0 n-0 n-1 n-1 n-1 n-1 n-1 n-1 n-1 n-1 n-1 n-1 n-2
Ja Ja Ja Ja Ja Ja Ja Ja Ja Ja Ja Ja Ja Ja Ja Ja Ja Ja Ja Ja Ja Ja Ja Ja Ja Ja Ja
Source: Toronto Real Estate Board
Explanation: This chart plots monthly MLS® sales since January 1994. The purple line shows actual sales. 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 sales must occur to change the direction of the
trend.

Toronto Real Estate Board

 TREB Housing Market Charts
TREB MLS® New Listings
Monthly Time Series with Trend Line
26,000

24,000
MLS New Listings New Listings Trend (12-Month Moving Average)
22,000

20,000

18,000

16,000

14,000

12,000

10,000

8,000

6,000

4,000

2,000
4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0
n-9 n-9 n-9 n-9 n-9 n-9 n-0 n-0 n-0 n-0 n-0 n-0 n-0 n-0 n-0 n-0 n-1 n-1 n-1 n-1 n-1 n-1 n-1 n-1 n-1 n-1 n-2
Ja Ja Ja Ja Ja Ja Ja Ja Ja Ja Ja Ja Ja Ja Ja Ja Ja Ja Ja Ja Ja Ja Ja Ja Ja Ja Ja
Source: Toronto Real Estate Board
Explanation: This chart plots monthly MLS® new listings since January 1994. The purple 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.

Toronto Real Estate Board

 TREB Housing Market Charts
TREB MLS® Average Price
Monthly Time Series with Trend Line
$975,000

$875,000

$775,000

MLS Average Price Average Price Trend (12-Month Moving Average)

$675,000

$575,000

$475,000

$375,000

$275,000

$175,000
4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0
n-9 n-9 n-9 n-9 n-9 n-9 n-0 n-0 n-0 n-0 n-0 n-0 n-0 n-0 n-0 n-0 n-1 n-1 n-1 n-1 n-1 n-1 n-1 n-1 n-1 n-1 n-2
Ja Ja Ja Ja Ja Ja Ja Ja Ja Ja Ja Ja Ja Ja Ja Ja Ja Ja Ja Ja Ja Ja Ja Ja Ja Ja Ja
Source: Toronto Real Estate Board
Explanation: This chart plots monthly MLS® average price since January 1994. The purple line shows the actual average price. 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 the trend.

Toronto Real Estate Board

 TREB Housing Market Charts
TREB MLS® Sales-to-New Listings Ratio Compared to
Average Annual Price Per Cent Change in Home Price
1.4 40%
Sales-to-New Listings Ratio Average Price Annual Per Cent Change

Average Price Annual Per Cent Change

1.2
30%
Sales-to-New Listings Ratio

1
20%

(Orange Line)
(Blue Line)

0.8
10%
0.6

0%
0.4

-10%
0.2

0 -20%
6 6 7 7 8 8 9 9 0 0 1 1 2 2 3 3 4 4 5 5 6 6 7 7 8 8 9 9 0 0
n-0 l-0 n-0 l-0 n-0 l-0 n-0 l-0 n-1 l-1 n-1 ul-1 n-1 l-1 n-1 l-1 n-1 l-1 n-1 l-1 n-1 l-1 n-1 l-1 n-1 l-1 n-1 l-1 n-2 l-2
u u u u u u u u u u u u u u
Ja J Ja J Ja J Ja J Ja J Ja J Ja J Ja J Ja J Ja J Ja J Ja J Ja J Ja J Ja J
Source: Toronto Real Estate Board
Explanation: This chart plots the monthly sales-to-new listings ratio (purple line) with year-over-year average annual per cent 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 change in home prices generally trends lower.

Toronto Real Estate Board

 TREB Housing Market Charts
TREB Affordability Indicator
Share of Average Household Income Used for Mortgage Principal and Interest,
Property Taxes and Utilities on the Averaged Priced GTA Resale Home.
60%

50%

40%

30%

20%

10%

0%
19 6
19 7
19 8
19 9
19 0
19 1
19 2
19 3
19 4
19 5
19 6
19 7
19 8
20 9
20 0
20 1
20 2
20 3
20 4
20 5
20 6
20 7
20 8
20 9
10

20 2
20 3
20 4
20 5
20 6
20 7
20 20 8
20 19
20 1

D
1
8
8
8
8
9
9
9
9
9
9
9
9
9
9
0
0
0
0
0
0
0
0
0
0

1
1
1
1
1
1
1

YT
20
19

*Note: Assumes TREB average price and average 5-Year fixed rate mortgage
Source: Toronto Real Estate Board Data and Calculation; Statistics Canada
1. Average annual or year-to-date home price as reported by TREB
2. 20 per cent down payment
3. Average 5-year fixed mortgage rate (Statistics Canada); 25-year amortization
4. Average property tax rate reported by/estimated from the Statistics Canada Survey of Household Spending
5. Average utilities cost reported by/estimated from the Statistics Canada Survey of Household Spending and components of the Consumer Price Index
6. 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).

Toronto Real Estate Board