LOIC DANIS

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Sutton Group Old Mill Realty Inc. Brokerage | Independently Owned + Operated. | 4237 Dundas St West |
Etobicoke ON | M8X 1Y3

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MARKET UPDATE | DECEMBER 2020

1/12/2021

 
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➕‘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
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    LOIC DANIS

    Loic Danis is a Toronto Real Estate Broker and Broker of Record/Owner of Sutton Group Old Mill Realty Inc. specializing in residential and investment real estate in Downtown Toronto, Etobicoke + West Toronto neighbourhoods including The Kingsway, Babypoint, Sunnylea, Swansea, Roncesvalles, High Park, Swansea, New Toronto, Mimico, Waterfront Communities, Yorkville, St. Lawrence Market, Bay Street Corridor and more! 

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LOIC DANIS
Broker of Record

Direct | 416-671-0300
Office  | 416-234-2424

Sutton Group Old Mill Realty Inc.
Independently Owned + Operated

CONTACT LOIC

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