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 | October 2022

11/3/2022

 
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➕‘the numbers’ for October are in!  The Toronto housing market continues to adjust to increasing borrowing costs.  Total Sales for Toronto were down -50%, new listings also declined by -20%, and active listings increased +26% when compared to last October in 2021.


Of particular note, new listings were near historic lows and as a result multiple offers on desirable properties were not uncommon. The average price of a Toronto home experienced the third consecutive month over month gain -  from a low of $1,019,100 in July to  $1,091,097 in October.


Finally, we recognize that economic uncertainty will remain a significant driver of the short term market dynamics in Toronto, however we also expect a rebound in the medium-longer term.


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


➕Detached $1,609.077  [-10% vs. 2021]
➕Semi-detached $1,219,812  [-8% vs. 2021]
➕Townhouse $1,003,359 [-2% vs. 2021]
​➕Condo $740,374 [-11% vs. 2021]

​Data presented is for Toronto Only.   Source: TRREB.

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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

NEIGHBOURHOOD SEARCH


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

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