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’ [january 2022]
by sutton old mill

➕january 2022➕

 

➕‘the numbers’ for the first month of 2022 are in. The Toronto Real Estate trends from late 2021 remain unchanged in January – the market has strong demand and short supply. The tight market conditions continues to drive year-over-year price growth. Of particular note, active listings were down -46% vs. January 2021 to 1,918 .

All home-type segments recorded double-digit growth rates in the ‘416’ area code with increases in average selling prices for detached houses [+19%], semi-detached houses [+22%], townhouses[+33%] and condos [+22%]vs. 2021.

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

Detached $1,886,413
Semi-detached $1,471,535
Townhouse $1,080,284
Condo $760,643

more of what you love

‘the numbers’ [april 2024]

➕April 2024➕   More Listings, More Options, Yet Buyer Caution Persists Primarily influenced by the temporary spring surge of the previous year, April 2024 witnessed a decline in home sales compared to April 2023. Despite a significant increase in listings...

read more

‘the numbers’ [march 2024]

➕March 2024➕   The Spring Market Poised for Acceleration! In March 2024, Toronto Real Estate saw a dip in home sales compared to last year, partly because Good Friday fell in March [vs. April] this year. Despite this, the market had more homes available, yet...

read more

‘the numbers’ [february 2024]

➕february 2024➕ It’s been a positive start to the new year! Despite ongoing challenges, the market has shown resilience, with both home sales and new listings experiencing growth compared to the previous year. Home sales in Toronto reached 1,907 in February 2024,...

read more

‘the numbers’ [january 2024]

➕january 2024➕ The numbers for the first month of 2024 are in! The initial market indicators suggest an early thaw for the Toronto Real Estate Market in 2024. It’s been a positive start to the new year. Home sales across all property types were up by +33% compared to...

read more

2023 year in review [+ looking forward to 2024]

From a bird's-eye view, surprisingly, the Toronto real estate market in 2023 closely resembled that of 2022. It was a year marked by discussions on interest rates, affordability, supply, volatility, and expectations. Furthermore, similar to 2022, we witnessed a robust...

read more

‘the numbers’ [december 2023]

➕december 2023➕ December was generally a quiet month for Toronto real estate, driven largely by seasonality and the continued high cost of borrowing.  However, there were a couple of noteworthy insights in the monthly data. Firstly, the townhouse segment experienced...

read more