416.234.2424

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

oldmill@sutton.com

drop us a line anytime!

where you’ll find us!

74 Jutland Road Unit #40

Toronto, ON M8Z 0G7

‘the numbers’ [february 2022]
by sutton old mill

➕february 2022➕

 

➕‘the numbers’ for February are in. A small year-over-year increase in new listings [+4% vs. Feb 2021] was not enough to lessen the competition between Toronto Buyers in February. Double digit year-over-year price growth was experienced across all property segments, and inventory remains tight.

Of particular note, average price for detached homes in Toronto rose above $2 million and average price for condos rose above $800K, both new milestones for the Toronto Real Estate market.

All home-type segments recorded double-digit growth rates in the ‘416’ area code with increases in average selling prices for detached houses [+23%], semi-detached houses [+13%], townhouses[+24%] and condos [+21%]vs. 2021.

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

➕Detached $2,073,989
➕Semi-detached $1,499,489
➕Townhouse $1,131,809
➕ Condo $822,090

more of what you love

‘The Numbers’ [July 2026]

➕July 2026➕ Toronto’s housing market tightened in July, with sales increasing 2% year-over-year while new listings fell 17%. With fewer homes coming to market—and active inventory down 15%—buyers faced more competition than they did a year ago. The average Toronto...

read more

‘The Numbers’ [June 2026]

➕June 2026➕ Toronto's housing market continued to gain momentum in June, with sales increasing 5% compared to last year while both new listings and active listings declined by 14%. As inventory tightened, market conditions shifted from a buyer's market this time last...

read more

‘The Numbers’ [May 2026]

➕May 2026➕ Toronto's housing market showed signs of strengthening in May, with sales up 3% compared to last year while both new listings and active inventory declined. As available inventory continues to be absorbed, buyers are facing slightly more competition than...

read more

‘The Numbers’ [April 2026]

➕April 2026➕ Toronto’s spring market showed signs of renewed activity in April, with sales increasing 9% year-over-year and new listings trending lower. This suggests conditions tightened during the first full month of spring, even as buyers continued to benefit from...

read more

‘The Numbers’ [March 2026]

➕March 2026➕ Toronto’s housing market showed early signs of tightening in March, with sales up slightly year-over-year while new listings declined more notably. As we move into the spring market, some buyers are beginning to re-engage, supported by improved...

read more

‘The Numbers’ [February 2026]

➕February 2026➕ Toronto’s housing market remained measured in February, with prices easing across most property types and buyers continuing to take a cautious approach. While activity improved slightly from January’s slower start to the year, overall momentum remains...

read more