LOIC DANIS

Sutton Group - Old Mill Realty Inc. Brokerage

  • HOME
  • WHY LOIC?
    • WHY LOIC?
    • ABOUT LOIC
    • MY SOLDS
    • WHAT LOIC'S CLIENTS SAY...
  • SEARCH MLS LISTINGS
    • SEARCH MLS LISTINGS
    • FEATURED LISTINGS
    • TORONTO WEST NEIGHBOURHOODS >
      • THE KINGSWAY
      • SUNNYLEA
      • MIMICO + NEW TORONTO
      • LONG BRANCH + ALDERWOOD
      • BLOOR WEST VILLAGE + BABYPOINT
      • HIGH PARK + SWANSEA
      • RONCESVALLES
      • THE JUNCTION
  • TORONTO REAL ESTATE NEWS BLOG
  • TOOLS
    • MORTGAGE PAYMENT + LAND TRANSFER TAX CALCULATOR
    • CLOSING COSTS
  • CONTACT LOIC
CONTACT LOIC

MARKET UPDATE | DECEMBER 2022

1/5/2023

 
Picture
➕‘the numbers’ for the last month of 2022 are are in!   December marked a historically quiet month in both sales and new listings - driven largely by seasonality and the continued aggressive Bank of Canada rate hikes. However there were a couple noteworthy insights in the monthly data.


First, both the detached and condo market segments experienced month over month price growth.  Average selling prices for detached homes increased +4% vs. November, and condos increased +1%. Whereas, the semi-detached and townhouse segments declined.


Secondly, the December market type moved back into a ‘Sellers’ market as total December sales were 77% of December new listings. Note: Any percentage above 60% is in ’Sellers’ market territory.   It’ll be interesting to see whether this market type will persist in 2023 given the trending low level of new listings.


All that said, the more interesting insights will be found when looking at the full year. We’ll be providing a full recap of 2022 in our our upcoming annual year-in-review report!


Looking to buy or sell a home in Toronto? Average prices in December were as follows:
➕Detached $1,627,635  [-4% vs. 2021]
➕Semi-detached $1,152,073  [-14% vs. 2021]
➕Townhouse $878,984 [-12% vs. 2021]
➕Condo $741,584 [+1% vs. 2021]

••••••
Data presented is for Toronto Only.   Source: TRREB.
Picture

Comments are closed.

    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! 

    Categories

    All
    Banbury-Don Mills Real Estate
    Bay Street Corridor
    Church-Yonge Corridor
    High Park - Roncesvalles
    Just Listed
    Lawrence Manor Real Estate
    Market Outlook + Year In Review
    Market Update
    Mimico Real Estate
    Mineola
    Mississauga Real Estate
    Mount Dennis Real Estate
    Palmerston - Little Italy
    Sunnylea Real Estate
    Toronto Condos
    Toronto Real Estate
    Waterfront Communities Real Estate

    RSS Feed

CONTACT



LOIC DANIS
Broker of Record

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

Sutton Group - Old Mill Realty Inc. Brokerage
CONTACT LOIC

NEIGHBOURHOOD SEARCH


THE KINGSWAY
SUNNYLEA
MIMICO + NEW TORONTO
LONG BRANCH + ALDERWOOD
BLOOR WEST VILLAGE + BABYPOINT
HIGH PARK & SWANSEA
RONCESVALLES
THE JUNCTION

NEWSLETTER SIGN UP


COPYRIGHT © LOIC DANIS 2017
Site Design by The Real Estate Marketing Shop