2. TREB MLS Sales Monthly with Three Previous Years for
Comparison 12,000 2008 2009 2010 2011 10,000 8,000 6,000 4,000
2,000 0 Source: Toronto Real Estate BoardExplanation: This chart
plots monthly MLS sales for the current year and the previous three
years. Therecurring seasonal trend can be examined along with
comparisons to previous years for each month.
3. TREB MLS New Listings Monthly with Three Previous Years for
Comparison 25,000 2008 2009 2010 2011 20,000 15,000 10,000 5,000 0
Source: Toronto Real Estate BoardExplanation: This chart plots
monthly MLS new listings for the current year and the previous
threeyears. The recurring seasonal trend can be examined along with
comparisons to previous years for eachmonth.
4. TREB MLS Sales-to-New Listings Ratio Monthly with Three
Previous Years for Comparison 1.10 2008 2009 2010 2011 1.00 0.90
0.80 0.70 0.60 0.50 0.40 0.30 0.20 0.10 0.00 Source: Toronto Real
Estate BoardExplanation: This chart plots the monthly MLS
sales-to-new listings ratio (SNLR) for the current year and the
previousthree years. The recurring seasonal trend can be examined
along with comparisons to previous years for each month.When the
SNLR moves higher, annual average price growth generally increases
often at a rate well above inflation.When the SNLR moves lower,
annual average price growth generally declines and can become
negative.
5. TREB MLS Average Resale Home Price Monthly with Three
Previous Years for Comparison $500,000 2008 2009 2010 2011 $480,000
$460,000 $440,000 $420,000 $400,000 $380,000 $360,000 $340,000
$320,000 $300,000 Source: Toronto Real Estate BoardExplanation:
This chart plots the monthly MLS average home price for the current
year and theprevious three years. The recurring seasonal trend can
be examined along with comparisons to previousyears for each
month.
6. TREB MLS Sales Monthly Time Series with Trend Line 12,000
10,000 Actual MLS Sales Trend (12-Month Moving Average) 8,000 6,000
4,000 2,000 Source: Toronto Real Estate BoardExplanation: This
chart plots monthly MLS sales since January 1995. The blue line
shows actual sales. The brownline is the trend computed using a
12-month moving average, which exhibits no seasonal variations or
otherirregular fluctuations. A substantial change in actual sales
must occur to change the direction of the trend.
7. TREB MLS New Listings Monthly Time Series with Trend Line
22,000 Actual MLS New Listings 20,000 18,000 Trend (12-Month Moving
Average) 16,000 14,000 12,000 10,000 8,000 6,000 4,000 2,000
Source: Toronto Real Estate BoardExplanation: 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
otherirregular fluctuations. A substantial change in actual new
listings must occur to change the direction of the trend.
8. TREB MLS Average Price Monthly Time Series with Trend Line
525,000 Actual MLS Average Price 475,000 Trend (12-Month Moving
Average) 425,000 375,000 325,000 275,000 225,000 175,000 Source:
Toronto Real Estate BoardExplanation: This chart plots monthly MLS
average price since January 1995. The blue line shows the actual
averageprice. The brown line is the trend computed using a 12-month
moving average, which exhibits no seasonal variations orother
irregular fluctuations. A substantial change in actual average
price must occur to change the direction of thetrend.
9. TREB MLS Sales-to-New Listings Ratio Compared to Average
Annual Per Cent Change in Home Price Average Price Annual Per Cent
Change 1.20 25% Sales-to-New Listings Ratio 1.00 20% 15% (Brown
Line) 0.80 (Blue Line) 10% 0.60 5% 0.40 0% Sales-to-New Listings
Ratio -5% 0.20 -10% Average Price Annual Per Cent Change 0.00 -15%
Source: Toronto Real Estate BoardExplanation: This chart plots the
monthly sales-to-new listings ratio (blue line) with year-over-year
average annual percent price change (brown line). When the
sales-to-new listings ratio moves higher, average annual per cent
change inhome prices generally trends higher. When the sales-to-new
listings ratio moves lower, average annual per cent changein home
prices generally trends lower.
10. 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% Source: Toronto Real Estate Board Data and Calculation;
Statistics CanadaExplanation: This chart plots the share of average
household income that goes toward mortgage principal and interest,
property taxes and utilitiesfor the average priced home in the GTA
subject to the following assumptions:1. Average annual or
year-to-date home price as reported by TREB2. 20 per cent down
payment3. Average 5-year fixed mortgage rate (Statistics Canada);
25-year amortization4. Average property tax rate reported
by/estimated from the Statistics Canada Survey of Household
Spending5. Average utilities cost reported by/estimated from the
Statistics Canada Survey of Household Spending and components of
the Consumer Price Index6. 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).
