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!

4237 Dundas Street West, Toronto, ON M8X 1Y3

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

➕november 2021➕

 It was a record month for the average selling price for detached, semi-detached and condo Toronto market segments, and active listings continue to produce double digit declines vs. November 2020, but also for the fifth straight month.

These trends highlight the continuing supply-issue In Toronto, which is mirrored across all home types in the GTA. TRREB President Kevin Crigger recently said “The GTA remains the primary destination for new immigrants, and is at the centre of the Canadian economy”   The low supply issue is not transient and demand will persist.  The City of Toronto took a step in the right direction by moving forward with initiatives to facilitate the creation of more mid-density home types.

“A key difference this year compared to last is how the condo segment continues to tighten and experience an acceleration in price growth, particularly in suburban areas. This speaks to the broadening of economic recovery, with first-time buyers moving back into the market in a big way this year. The condo and townhouse segments, with lower price points on average, will remain popular as population growth picks up over the next two years,” said TRREB Chief Market Analyst Jason Mercer.

Selling prices in Toronto for all major home types were in the double digits with average selling prices for detached houses [+22%], semi-detached houses [+23%], townhouses [+20%], and condos [+17%] vs. November 2020. 

Looking to buy or sell a home in Toronto?  Average prices in November were:

Detached $1,807,983
Semi-detached $1,431,988
Townhouse $981,759
Condo $745,951

more of what you love

‘the numbers’ [january 2023]

➕january 2023➕   ➕‘the numbers’ for the first month of 2023 are in, and as expected, the data reflects a continuation of late 2022 trends.  The number of sales in January were similar to December, but are down significantly [-51%] when compared to the highly...

read more

2022 year in review [+ looking forward to 2023]

➕What began as an extension of 2021’s high-flying real estate buying and selling frenzy soon enough tumbled and fell to a near standstill with the Bank of Canada’s hiking interest rates.  As rates rose, resale home sales fell and property sat on the sidelines far...

read more

‘the numbers’ [december 2022]

➕december 2022➕   ➕‘the numbers’ for the last month of 2022 are are in!   December marked a historically quiet month in both sales and new listings - driven largely by seasonality and the continued aggressive Bank of Canada rate hikes. However there were a couple...

read more

‘the numbers’ [november 2022]

➕november 2022➕   ➕‘the numbers’ for November are in!  The market continues to be influenced by higher borrowing costs that commenced in the spring.  Total Sales have flattened month over month and remain down -50% when compared to November 2021.   However with...

read more

‘the numbers’ [october 2022]

➕october 2022➕   ➕‘the numbers’ for October are in!  The Toronto housing market continues to adjust to increasing borrowing costs.  Total Sales for Toronto were down -50%, new listings also declined by -20%, and active listings increased +26% when compared to...

read more

‘the numbers’ [september 2022]

➕september 2022➕   ➕‘the numbers’ for September are in.  As the housing market continues to adjust to higher borrowing costs, the the sales volume for Toronto in August 2022  was down -49%, and new listings declined by -24%.  The market conditions for month of...

read more