TREB Housing Market Charts

March 2018
 TREB Housing Market Charts
TREB MLS® Sales
Monthly with Three Previous Years for Comparison
14,000 2015 2016 2017 2018

12,000
10,000
8,000
6,000
4,000
2,000
0

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 2

 TREB Housing Market Charts
TREB MLS® New Listings
Monthly with Three Previous Years for Comparison
30,000 2015 2016 2017 2018

25,000

20,000

15,000

10,000

5,000

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 3

 TREB Housing Market Charts
TREB MLS® Sales-to-New Listings Ratio
Monthly with Three Previous Years for Comparison
140% 2015 2016 2017 2018
120%
100%
80%
60%
40%
20%
0%

Source: Toronto Real Estate Board

Explanation: This chart plots the monthly MLS® sales-to-new listings ratio (SNLR) 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 4

 TREB Housing Market Charts
TREB MLS® Average Resale Home Price
Monthly with Three Previous Years for Comparison
$1,000,000 2015 2016 2017 2018
$900,000
$800,000
$700,000
$600,000
$500,000
$400,000
$300,000

Source: Toronto Real Estate Board

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 previous years for each month.

Toronto Real Estate Board 5

 TREB Housing Market Charts
TREB MLS® Sales
Monthly Time Series with Trend Line
14,000 Actual MLS® Sales
12,000
Trend (12-Month Moving Average)
10,000

8,000

6,000

4,000

2,000

Source: Toronto Real Estate Board

Explanation: This chart plots monthly MLS® sales since January 1995. The blue 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.

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 TREB Housing Market Charts
TREB MLS® New Listings
Monthly Time Series with Trend Line
28,000 Actual MLS® New Listings
26,000
24,000 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

Source: Toronto Real Estate Board

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.
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 TREB Housing Market Charts
TREB MLS® Average Price
Monthly Time Series with Trend Line
975,000
Actual MLS® Average Price
875,000
Trend (12-Month Moving Average)
775,000
675,000
575,000
475,000
375,000
275,000
175,000

Source: Toronto Real Estate Board

Explanation: This chart plots monthly MLS® average price since January 1995. The blue 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.
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 TREB Housing Market Charts
TREB MLS® Sales-to-New Listings Ratio Compared to
Average Annual Per Cent Change in Home Price

Average Price Annual Per Cent Change

1.40 Sales-to-New Listings Ratio 40%
Average Price Annual Per Cent Change
Sales-to-New Listings Ratio

1.20 30%

(Brown Line)
1.00
20%
(Blue Line)

0.80
10%
0.60
0%
0.40
0.20 -10%

0.00 -20%

Source: Toronto Real Estate Board

Explanation: This chart plots the monthly sales-to-new listings ratio (blue 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.

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 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

55%

50%

45%

40%

35%

30%

25%

*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).

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