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

The TREB Single Family Detached January 2013 Benchmark Price reached $551,800 (4.36%) versus a year ago and the corresponding MLS® Home Price Index (HPI) is 148.4. The Index 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 non comparable home sales that would skew average and median price data.

The Toronto Benchmark Price was $664,600 and the HPI came in at 153.3. Four neighbourhoods that outperformed Toronto's HPI were Richmond Hill at 169.8 ($719,400) and Markham at 165.9 ($682,300) to the North and Oakville at 163.3 ($676,800) and Burlington at 162.5 ($555,400) to the West.

SINGLE FAMILY DETACHED

 

PERCENTAGE CHANGES


NEIGHBOURHOOD


BENCHMARK
PRICE

INDEX
HPI

1
YEAR

3
YEAR

5
YEAR

10
YEAR

             

TREB

$551,800

148.4

4.36%

17.22%

25.55%

66.74%

TORONTO

$664,600

153.3

3.23%

15.18%

23.83%

70.14%

BURLINGTON

$555,400

162.5

3.04%

22.73%

39.72%

94.84%

HALTON HILLS

$467,700

146.2

1.67%

10.34%

26.36%

71.60%

MILTON

$491,900

141.2

2.17%

10.75%

21.72%

64.00%

OAKVILLE

$676,800

163.3

4.48%

16.06%

29.09%

95.33%

BRAMPTON

$410,900

140.6

4.77%

18.55%

26.90%

56.92%

CALEDON

$514,200

140.1

5.26%

13.63%

15.50%

62.34%

MISSISSAUGA

$586,600

152.6

5.17%

15.52%

25.80%

73.61%

AURORA

$548,300

147.6

6.72%

28.24%

30.85%

69.07%

MARKHAM

$682,300

165.9

5.74%

24.74%

40.47%

82.91%

NEWMARKET

$472,700

140.4

5.41%

20.62%

24.36%

60.27%

RICHMOND HILL

$719,400

169.8

5.27%

27.29%

43.78%

89.51%

VAUGHAN

$630,500

151.5

3.77%

20.81%

29.38%

71.57%

STOUFFVILLE

$595,200

155.1

8.84%

22.13%

26.92%

79.31%

AJAX

$362,600

135.4

4.07%

14.55%

21.98%

51.62%

OSHAWA

$266,400

125.1

7.66%

15.51%

16.05%

41.36%

PICKERING

$431,400

137.9

6.08%

17.96%

26.75%

56.17%

UXBRIDGE

$390,600

126.1

-0.24%

8.15%

11.99%

48.53%

WHITBY

$377,200

131.3

5.46%

15.78%

23.17%

49.89%

             

SOURCE: TREB

           

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Donald Lum

Donald Lum

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