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 2022]
by sutton old mill

➕march 2022➕

➕‘the numbers’ for March are in. Market conditions remain tight across all home segments however with more Sellers returning to the market vs. the preceding nine months, some Buyers may not have experienced the same level of competition on offer night. The possibility of more moderate price growth in the future could be realized if new listings continue to climb in the months to come. That said, current demand continues to exceed supply especially in some neighbourhoods, and price growth remains in the double digits vs. March 2021.

Specifically, properties in the ‘416’ area code realized gains in average selling prices for detached houses [+10%], semi-detached houses [+20%], townhouses[+16%] and condos [+17%]vs. 2021.

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

➕Detached $1,920,018
➕Semi-detached $1,545,447
➕Townhouse $1,117,469
➕ Condo $831,351

more of what you love

‘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

‘the numbers’ [november 2023]

➕november 2023➕ Uncertain economic conditions and high borrowing costs continue to be barriers for many potential home buyers in Toronto, resulting in a decline in sales by 11% compared to November 2022. On a somewhat positive note for buyers, home prices have...

read more

‘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