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 2021]
by sutton old mill

➕september 2021➕

 

➕Every year, we generally see an uptick in sales, average selling price and listings after Labour Day, and September 2021 was no different.   September marked a transition from a ‘slower’ summer market to the busier fall market in Toronto.

Compared to last year, market conditions tightened noticeably, with sales representing a substantially higher share of listings, and a significantly lower number of new listings across the board.  “Demand has remained incredibly robust throughout September with many qualified buyers who would buy a home tomorrow provided they could find a suitable property. With new listings in September down by one third compared to last year, purchasing a home for many is easier said than done.” said Kevin Crigger, TRREB President.

“Price growth in September continued to be driven by the low-rise market segments, including detached and semi-detached houses and townhouses. However, competition between buyers for condo apartments has picked up markedly over the past year, which has led to an acceleration in price growth over the past few months as first-time buyers reenter the ownership market. Look for this trend to continue,” said Jason Mercer, TRREB Chief Market Analyst.

Selling prices in Toronto for all major home types increased with average selling prices for detached houses [+20%], semi-detached houses [+14%], townhouses [+7%], and condos [+9%] vs. September 2020.

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

Detached $1,778,928
Semi-detached $1,304,504
Townhouse $930,056
Condo $744,730

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