February 2013 Single Family Detached MLS® Home Price Index (HPI)

The TREB Single Family Detached February 2013 Benchmark Price reached $556,700 (3.60%) versus a year ago and the corresponding MLS® Home Price Index (HPI) is 149.7. The Index allows an apple to apples comparison of benchmark home prices from one year to the next. The HPI shows the price changes from the 2005 Benchmark Price Base (100) and removes the influence of non-comparable home sales that would skew the average and median price data.

The Toronto Benchmark Price was $671,900 and the HPI came in at 155.0. Four neighbourhoods that outperformed Toronto's HPI were Richmond Hill at 170.8 ($723,600) and Markham at 166.5 ($684,700) to the North and Oakville at 164.2 ($680,500) and Burlington at 165.8 ($566,700) to the West.

SINGLE FAMILY DETACHED

 

PERCENTAGE CHANGES


NEIGHBOURHOOD


BENCHMARK
PRICE

INDEX
HPI

1
YEAR

3
YEAR

5
YEAR

10
YEAR

             

TREB

$556,700

149.7

3.60%

16.41%

25.69%

66.52%

TORONTO

$671,900

155.0

2.24%

14.64%

24.30%

69.96%

BURLINGTON

$566,700

165.8

5.47%

23.27%

40.87%

94.37%

HALTON HILLS

$470,600

147.1

2.15%

10.52%

25.09%

70.25%

MILTON

$489,400

140.5

1.59%

9.51%

19.68%

60.76%

OAKVILLE

$680,500

164.2

2.75%

14.58%

29.29%

94.55%

BRAMPTON

$411,500

140.8

4.45%

17.53%

26.16%

55.75%

CALEDON

$504,300

137.4

0.15%

10.18%

13.37%

57.57%

MISSISSAUGA

$578,600

155.3

5.22%

15.98%

27.61%

75.68%

AURORA

$555,000

149.4

5.66%

26.08%

28.46%

69.39%

MARKHAM

$684,700

166.5

3.16%

22.16%

39.92%

81.77%

NEWMARKET

$476,400

141.5

5.99%

19.01%

23.15%

60.07%

RICHMOND HILL

$723,600

170.8

3.20%

25.87%

43.17%

88.31%

VAUGHAN

$636,300

152.9

4.01%

19.08%

28.92%

71.03%

STOUFFVILLE

$605,500

157.8

6.84%

22.14%

31.28%

78.71%

AJAX

$367,500

137.2

3.55%

15.29%

21.52%

51.94%

OSHAWA

$271,700

127.6

9.06%

16.21%

17.50%

43.37%

PICKERING

$433,600

138.6

6.13%

15.98%

24.98%

54.69%

UXBRIDGE

$399,200

128.9

1.34%

11.99%

13.67%

51.29%

WHITBY

$376,900

131.2

4.96%

14.99%

21.82%

48.92%

             

SOURCE: TREB

           

There are no comments

Thank you! Your comment has been submitted and is awaiting approval.

Donald Lum

Donald Lum

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