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’ [september 2022]
by sutton old mill

➕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 September moved Toronto into a ‘Buyer’s Market’, however the continuation of a tightening market can be seen with an average increase of +5% in overall prices – driven by year over year gains in the condo and townhouse segments, as well as certain neighbourhoods within Toronto.

For Sellers, the average selling prices in the ‘416’ were:  detached houses [-11%], semi-detached houses [-7%], townhouses [+1%] and condos [+3%] vs. September 2021.

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

Detached $1,585,589
Semi-detached $1,210,715
Townhouse $943,922
Condo $769,058

Data presented is for Toronto Only.   Source: TRREB.

more of what you love

‘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

‘the numbers’ [april 2023]

➕april 2023➕   ➕‘the numbers’ for the April are in.  Tightening market supply, increasing competition, and a gradual recovery in average price continued to be Toronto’s spring market housing story in April. Overall, April’s home sales remained below 2022. New...

read more

‘the numbers’ [march 2023]

➕march 2023➕   ➕‘the numbers’ for the March are in.  Tightening market supply coupled with returning Buyers has led to increased competition in many neighbourhoods across the City of Toronto.  “Lower inflation and greater uncertainty in financial markets has...

read more