[mon-fri] 9-8 [sat] 9-4 [sun] 10-2


drop us a line anytime!

where you’ll find us!

74 Jutland Road Unit #40

Toronto, ON M8Z 0G7

‘the numbers’ [feb 2021]
by sutton old mill

➕february 2021➕


Record sales continued for Toronto Real Estate into the second month of 2021 driven by buyers confident in their employment situations and ultra-low borrowing costs. The ‘416’ saw double digit growth in key market indicators vs 2020 including sales up +52%, new listings up +34% and active listing up +24%, vs. February 2020. To note, the semi-detached and condominium segment saw the highest sales growth [vs. February 2020] with sales up +64% and 62%, respectively.

Tight supply in single-family segment fuel robust growth rates in the ‘416’ area code with increases in average selling prices for detached houses [+13%], semi-detached houses [+10%] and townhouses[+8%] vs. February 2020. A continuation of supply not keeping up with demand could fuel even further price growth once population growth picks up post vaccinations.

While growth in condo listings continued to outstrip growth in sales – the margin narrowed in February vs. the prior month. This increased choice for condo buyers has led to more bargaining power and a year-over-year dip in average condo selling prices compared to February 2020 in the ‘416’ [-6%]. If the narrowing trend continues, renewed price growth in this segment is a distinct possibility in the 2nd of the year.

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

➕ Detached $1,684,073
➕ Semi-detached $1,324,244
➕ Townhouse $913,037
➕ Condo $676,837

more of what you love

‘the numbers’ [may 2023]

➕may 2023➕   ➕Let’s delve into ‘the numbers’ for May.   Recovery, limited supply and increasing competition remain the headlines for Toronto Real Estate. The demand for homes in Toronto continues to surpass the available supply, leading to intense competition...

read more

‘the numbers’ [april 2023]

➕april 2023➕   ➕‘the numbers’ for the April are in.  Tightening market supply, increasing competition, and a gradual recovery in average price continued to be Toronto’s spring market housing story in April. Overall, April’s home sales remained below 2022. New...

read more

‘the numbers’ [march 2023]

➕march 2023➕   ➕‘the numbers’ for the March are in.  Tightening market supply coupled with returning Buyers has led to increased competition in many neighbourhoods across the City of Toronto.  “Lower inflation and greater uncertainty in financial markets has...

read more

How Interest Rates Affect the Toronto Real Estate Market?

The Toronto real estate market has been a topic of discussion for many years due to its volatility and high demand. One of the key factors that affect the Toronto real estate market is the interest rate set by the Bank of Canada. Interest rates can have a significant...

read more

5 Reasons People Love Living in Toronto

Toronto is a vibrant and multicultural city that offers something for everyone. With a population of over 2.7 million people, it's the largest city in Canada and a hub of business, entertainment, and culture. In this blog post, we will discuss the top 5 reasons why...

read more

‘the numbers’ [february 2023]

➕february 2023➕   ‘the numbers’ for the February are in. At the 1 year anniversary of the Bank of Canada’s first rate hike of 2022, the Toronto Real Estate market appears to be finding it legs. As expected when compared to the peak of early 2022, the number of...

read more