➕‘the numbers’ for March are in. Record sales continued for Toronto Real Estate into the third month of 2021 driven by low borrowing costs and continued improvement in many sectors of the economy. The ‘416’ saw double digit growth in key market indicators vs 2020 including sales up +86%, new listings up +47% and active listing up +17%, vs. March 2020.

To note, sales growth of semi-detached homes more than doubled [+106%]vs. March 2020, but all segments saw near double growth with sales of detached homes +74%, townhouses +90%, and the condominium segment +86%, vs. March 2020.  However, it is important to consider that last year’s number include the initial impacts of Covid-19.

Tight supply in single-family segment continues to fuel robust growth rates in the ‘416’ area code with increases in average selling prices for detached houses [+19%], semi-detached houses [+11%] and townhouses[+15%] vs. March 2020.   

And while new condo listings outstripped condo sales in March, the segment continues to experience month over month renewed price growth with average condo selling prices in the ‘416’ now almost at par [-1%] when compared to March 2020.   

Looking to buy or sell a home in Toronto?  Average prices in March were as follows:

➕Detached  $1,750,518
➕Semi-detached  $1,288,005
➕Townhouse $960,894
➕ Condo $707,835

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Data presented is for City of Toronto only.   Source: Toronto Regional Real Estate Board

➕‘the numbers’ for December are in. Sustained growth in key #torontorealestate market indicators vs 2019, continued through the last month of 2020.  Of particular note, new listings were up +69% vs. December 2019, sales continue to be up +63% and the year-over-year gain in average price was +1% vs. December 2019.

The supply of single-family homes remained constrained resulting in strong competition between buyers.  Annual single-family growth rates remained robust in the ‘416’ area code with increases in average selling prices for detached houses [+8%], semi-detached houses [+15%] and townhouses[+17%] vs. 2019.

Growth in condo listings far-outstripped growth in sales.  This increased choice for condo buyers ultimately led to more bargaining power and a year-over-year dip in average condo selling prices compared to last year in the '416’ [-5%].

Looking to buy a home in Toronto?  Average prices in December were as follows:

➕Detached  $1,475,758
➕Semi-detached  $1,160,108
➕Townhouse $842,902
​➕ Condo $625,828

➕‘the numbers’ for November are in. Sustained growth in key #torontorealestate market indicators vs 2019, continues this month.  Of particular note, new listings were up +86% vs. November 2019, and the year-over-year gain in average price was +8% and sales continue to be up +12%, vs. November 2019

Annual single-family growth rates remained robust in the ‘416’ area code.  Market conditions tightened in many single-family market segments in November, resulting in double-digit year-over-year increases in average selling prices for detached houses, semi-detached houses and townhouses.

The condominium apartment market is certainly more balanced than in previous years, with some buyers benefitting from slightly lower selling prices compared to last year in the '416] area code. However, this may be somewhat of a short-term phenomenon.  Post-COVID period, we expect to see a resumption of population growth, both from immigration and a return of non-permanent residents fuelling demand for condominium apartments in the both ownership and rental markets.

Looking to buy a home in Toronto?  Average prices in November were as follows:

➕Detached  $1,477,226
➕Semi-detached  $1,160,911
➕Townhouse $819,752
➕ Condo $640,208
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Data presented is for Toronto Only.   Source: TRREB.​

➕‘the numbers’ for October are in - and there was continued growth in a number of key #torontorealestate market indicators.  Of particular note, new listings were up +57% vs. October 2019, and the year-over-year gain in average price is up +11% vs. October 2019, and finally sales were also up +7%.
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However the October data does reveal some variation in market segments. “Competition between buyers of single-family homes, and particularly detached houses, remained strong last month and continued to support double-digit annual rates of price growth in many GTA neighbourhoods. In contrast, Condo buyers have benefitted from much more choice compared to last year. Pre-COVID polling had already pointed to an increase in investor selling in 2020. The pandemic only added to this trend with a stall in economic growth and a halt to tourism impacting cashflows for many investors,” said Lisa Patel, TRREB’s President.     ​

Looking to buy a home in Toronto?  Average prices in October were as follows:

➕Detached  $1,470,857
➕Semi-detached  $1,154,087
➕Townhouse $828,090
➕ Condo $668,161

Data presented is for Toronto Only.

➕‘the numbers’ for September are in - and #torontorealestate once again realized strong growth in a number of key market indicators resulting from improving economic conditions, low borrowing costs, and pent up demand.  Of particular note, new listings were up +49% vs. September 2019, and the year-over-year gain in average price is up +12% vs. September 2019, and finally sales were also up +19%.  Looking to buy a home in Toronto?  Average prices in September were as follows:

➕Detached  $1,487,122
➕Semi-detached  $1,145,559
➕Townhouse $868,005
➕ Condo $686,191
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Data presented is for City of Toronto Only.