December MLS® Home Price Index (HPI)

The Composite December MLS® Home Price Index (HPI) increased 4.12 per cent year-over-year and allows an apple to apples comparison of benchmark home prices from one year to the next. The Index shows the price changes from the 2005 benchmark price base (100). The Index removes the influence of home sales that would skew average and median price data.

The 2012 HPI for Single Family Detached Homes increased 5.02% in December. The TREB 2012 HPI for Single Family Detached Homes was 148.6 and reflects a 48.6% increase over the 2005 base year. This compares to 170.4 in Richmond Hill (70.4%), 164.3 in Markham (64.3%), 163.1 in Oakville (63.1%), 161.7 in Burlington (61.7%) and 153.9 in Toronto (53.9%).

SINGLE FAMILY DETACHED

 

PERCENTAGE CHANGES

 


NEIGHBOURHOOD


BENCHMARK
PRICE

INDEX
HPI

1
YEAR

3
YEAR

5
YEAR

10
YEAR

             

TREB

$552,600

148.6

5.02%

18.69%

26.15%

69.25%

TORONTO

$667,200

153.9

4.91%

17.39%

25.22%

73.70%

AURORA

$555,400

149.5

8.57%

33.84%

29.55%

73.03%

MARKHAM

$675,700

164.3

4.65%

24.85%

39.59%

82.96%

NEWMARKET

$465,600

138.3

3.98%

20.47%

22.17%

59.15%

RICHMOND HILL

$721,900

170.4

5.97%

29.29%

43.68%

92.54%

STOUFFVILLE

$594,400

154.9

8.63%

21.49%

21.21%

82.67%

VAUGHAN

$628,400

151.0

3.57%

21.77%

29.95%

73.17%

BRAMPTON

$410,300

140.4

4.70%

20.31%

26.15%

57.75%

CALEDON

$523,400

142.6

4.93%

14.81%

21.05%

67.17%

MISSISSAUGA

$572,700

153.7

5.78%

17.24%

28.19%

76.87%

BURLINGTON

$552,700

161.7

4.39%

23.34%

41.10%

98.16%

MILTON

$487,300

139.9

3.32%

13.56%

19.88%

64.78%

OAKVILLE

$676,000

163.1

5.43%

16.83%

30.90%

96.98%

AJAX

$367,700

137.3

5.45%

17.05%

24.37%

55.67%

OSHAWA

$262,100

123.1

5.94%

14.30%

14.62%

39.89%

PICKERING

$435,100

139.1

5.38%

19.19%

27.97%

59.70%

UXBRIDGE

$386,900

124.9

3.74%

10.24%

11.32%

47.64%

WHITBY

$384,400

133.8

8.25%

19.57%

25.05%

53.79%

             

SOURCE: TREB

           

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Donald Lum

Donald Lum

Sales Representative
CENTURY 21 Leading Edge Realty Inc., Brokerage*
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