➕‘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 August are in - and #torontorealestate realized record growth in a number of key indicators.   Of particular note, new listings almost doubled at +98% vs. August 2019, and the year-over-year gain in average price is up +24% vs. August 2019, and sales are up +15%.  Looking to buy a home in Toronto?  Average prices in August were as follows:

🅾 Detached  $1,505,100
🅾 Semi-detached  $1,166,226
🅾 Townhouse $834,222
🅾 Condo $673,174

The Numbers for April #TorontoRealEstate are in + to the surprise of no one the number of sales in Toronto, similar to the GTA, have drop significantly in April. Interestingly, prices have not seen the same rate of decline, as the current demand from buyers is consistent with the current supply of listed properties.  See below for more information

The Numbers Are In! ///  Looks like spring is arriving early this year for #torontorealestate….Find out the latest monthly stats.   ​

Data presented is for Toronto Only.