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’ [march 2021]
by sutton old mill

➕march 2021➕

 

Record sales continued for Toronto Real Estate into the third month of 2021 driven by low borrowing costs and continued improvement in many sectors of the economy. The ‘416’ saw double digit growth in key market indicators vs 2020 including sales up +86%, new listings up +47% and active listing up +17%, vs. March 2020.

To note, sales growth of semi-detached homes more than doubled [+106%]vs. March 2020, but all segments saw near double growth with sales of detached homes +74%, townhouses +90%, and the condominium segment +86%, vs. March 2020. However, it is important to consider that last year’s number include the initial impacts of Covid-19.

Tight supply in single-family segment continues to fuel robust growth rates in the ‘416’ area code with increases in average selling prices for detached houses [+19%], semi-detached houses [+11%] and townhouses[+15%] vs. March 2020.

And while new condo listings outstripped condo sales in March, the segment continues to experience month over month renewed price growth with average condo selling prices in the ‘416’ now almost at par [-1%] when compared to March 2020.

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

➕Detached $1,750,518
➕Semi-detached $1,288,005
➕Townhouse $960,894
➕ Condo $707,835

more of what you love

‘the numbers’ [october 2023]

➕october 2023➕ Lack of affordability and uncertainty of interest rate decisions remained barriers for many would-be home buyers in Toronto.  As a result, sales edged slightly lower, vs. October 2022.  Yet, robust population growth and a resilient regional economy...

read more

‘the numbers’ [september 2023]

➕september 2023➕ Despite persistent high borrowing costs, elevated inflation, a deceleration in economic growth, and uncertainty surrounding the decision-making process of the Bank of Canada, the Toronto housing market experienced a notable shift. In the face of a...

read more

‘the numbers’ [august 2023]

➕august 2023➕ August in the Toronto real estate market was marked by higher borrowing costs, ongoing uncertainty about the economy and the decision-making process of the Bank of Canada, and a limited supply of property listings. Total sales remained stable, while new...

read more

‘the numbers’ [july 2023]

➕july 2023➕   ➕ the numbers’ for July are in! Home sales in July remained strong and surpassed last year's levels, indicating that many households have adapted to higher borrowing costs. However, the sales momentum experienced earlier in the spring has slowed...

read more

‘the numbers’ [june 2023]

➕june 2023➕   ➕ ‘the numbers’ for June are in! Despite higher borrowing costs, the demand for homeownership continues to grow, indicating a robust Toronto real estate market.  Total sales were up +23% vs. June 2022, though trending slightly down [-4%] from last...

read more

‘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