TORONTO, February 18, 2015 – Toronto Real Estate Board President Paul Etherington
announced that Greater Toronto Area REALTORS® reported a 14.9 per cent increase in the
number of sales entered into the TorontoMLS system during the first two weeks of February
2015 compared to the same period in 2014. There was a total of 3,120 home sales during the
first 14 days of February 2015.
The number of new listings entered into the TorontoMLS system was also up on a year-overyear
basis, but by a lesser annual rate of 3.5 per cent.
“As households continue to take advantage of the great diversity of home ownership options in
the Greater Toronto Area, home sales have continued to trend upwards. While home prices are
higher compared to this time last year, borrowing costs are lower. Home buyers are still finding
affordable options to meet their housing needs,” said TREB President Paul Etherington.
The average selling price for the first half of February 2015 was $602,110, representing a 10.3
per cent increase compared to the average reported for the same period in 2014. Annual price
growth continued to be driven by the tight low-rise market segment, with double-digit growth
reported for detached and semi-detached homes.
“With tight market conditions continuing to prevail in most parts of the Greater Toronto Area,
especially where low-rise home types are concerned, it is no surprise that we continue to see
strong competition between buyers leading to robust annual rates of price growth,” said Jason
Mercer, TREB’s Director of Market Analysis.
*Source TORONTO REAL ESTATE BOARD