GTA REALTORS(R) Release Monthly Resale Housing Figures

TORONTO, ONTARIO--(Marketwired - Oct. 5, 2015) - Toronto Real Estate Board President Mark McLean announced that Greater Toronto Area REALTORS® reported a record number of transactions for the month of September through TREB's MLS® System. There was a combined 8,200 home sales reported for September 2015. This result was up 2.5 per cent compared to September 2014.

TREB MLS® sales through the first nine months of 2015 amounted to 80,331, which also represented a record result and a 9.5 per cent increase compared to the first three quarters of 2014.

"We are on track for record home sales reported through TREB's MLS® System this year. Barring a drastic shift in the economy over the next three months, total transactions reported by TREB Members in 2015 are expected to be at or near the 100,000 mark. This is a testament to the importance that GTA households put on home ownership as a long- term investment," said Mr. McLean.

The MLS® Home Price Index (HPI) Composite Benchmark Price was up by 10.5 per cent year over year. The average selling price for all home types combined was also up by 9.2 per cent annually to $627,395. Growth in the MLS® HPI Composite Benchmark and the average price was driven by the low-rise market segments, including detached and semi- detached houses and townhouses.

"While September was the second straight month where annual growth in new listings outstripped annual growth sales, total active listings at the end of the month still remained below last year's level. This, coupled with the record pace of sales experienced so far this year, suggests that competition between buyers will remain strong as we move into the fourth quarter. Expect strong rates of price growth to continue through the remainder of 2015 and into 2016," said Jason Mercer, TREB's Director of Market Analysis.

Summary of TorontoMLS Sales and Average Price
September 1 - 30, 2015
		2015			2014
	Sales	Average Price	New Listings	Sales	Average Price	New Listings
City of Toronto ("416")	3,137	674,922	6,816	3,051	625,971	6,571
Rest of GTA ("905")	5,063	597,947	9,261	4,950	542,653	9,000
GTA	8,200	627,395	16,077	8,001	574,424	15,571

TorontoMLS Sales & Average Price By Home Type
September 1 - 30, 2015
					Sales					Average Price
			416		905		Total			416			905		Total
Detached			1,051		2,827		3,878			1,053,871			732,852		819,853
	Yr./Yr. % Change		0.0%		0.9%		0.7%			10.7%			11.6%		11.2%
Semi-Detached			318		523		841			740,373			497,775		589,506
	Yr./Yr. % Change		1.9%		2.5%		2.3%			7.3%			11.1%		9.2%
Townhouse			300		984		1,284			527,257			448,930		467,231
	Yr./Yr. % Change		2.0%		6.3%		5.2%			10.8%			9.6%		9.7%
Condo Apartment			1,444		608		2,052			418,603			307,295		385,623
	Yr./Yr. % Change		5.6%		2.4%		4.6%			5.6%			2.2%		5.0%

	Composite (All Types)	Single-Family Detached	Single-Family Attached	Townhouse	Apartment
TREB Total	10.46%	12.01%	11.20%	9.85%	5.65%
Halton Region	9.39%	9.66%	9.77%	6.86%	-
Peel Region	9.68%	10.46%	10.94%	10.04%	3.26%
City of Toronto	8.62%	10.88%	8.54%	8.84%	5.95%
York Region	13.95%	14.73%	14.70%	12.30%	5.52%
Durham Region	13.51%	13.26%	14.71%	11.59%	11.58%
Orangeville	10.44%	11.24%	10.37%	-	-
South Simcoe County1	13.31%	12.54%	14.53%	-	-

Source: Toronto Real Estate Board

¹South Simcoe includes Adjala-Tosorontio, Bradford West Gwillimbury, Essa, Innisfil and New Tecumseth

Greater Toronto REALTORS® are passionate about their work. They are governed by a strict Code of Ethics and share a state- of-the-art Multiple Listing Service.

Over 42,000 TREB Members serve consumers in the Greater Toronto Area. TREB is Canada's largest real estate board.