Toronto

established 1793

discover
DISCOVER

Toronto

Toronto is Canada’s largest city and a world leader in such areas as business, finance, technology, entertainment, and culture. Its large population of immigrants from all over the globe has also made Toronto one of the most multicultural cities in the world.

The city features an extensive system of underground tunnels and concourses lined with shops, restaurants, and theatres. Through the construction of new housing and mixed-use projects, together with the restoration and rehabilitation of heritage buildings, an extraordinary vitality has been brought to the urban core.

Toronto ranked 7th(tied with Tokyo) of 140 cities in the 2018 Economist’s Livability Survey and 13th (tied with Boston) of 101 cities for best university cities for international students (2018).

april 2019
April 2019

Market stats

City Average Sale Price Active Listings New Listings Sales Sales to New Listings Ratio Months of Inventory
Toronto $1,355,764 2,126 2,050 982 48% 2.16
Mississauga $1,115,033 715 662 317 48% 2.26
Georgetown $884,780 156 135 65 48% 2.40
Milton $858,954 183 197 123 62% 1.49
Oakville $1,332,573 642 477 181 38% 3.55
Burlington $960,274 340 285 157 55% 2.17
evaluation
evaluation

market conditions

seller’s market

0-4 months of inventory

  • all current listings can expect to be sold within 4 months

sales-to-listings ratio is 55% or more

  • more buyers than properties for sale

balanced market

5-8 months of inventory

  • all current listings can expect to be sold within 5 to 8 months

sales-to-listing ratio is between 34% and 54%

  • about the same number of properties for sale as there are buyers

buyer’s market

9 or more months of inventory

  • it would take 9 months or longer for all current listings to be sold

sales-to-listing ratio is 35% or less

  • more properties for sale than there are buyers
summary
summary

Market update

Toronto experienced a 19.9% year-over-year increase in home sales in April 2019. New listings were also up year-over-year by 13.2%. The annual growth rate for new listings is not keeping pace with sales. This points to the ongoing housing supply issue in the GTA and suggests that market conditions continued to tighten which points toward an acceleration in price growth.

april 2019
April 2019

Year-Over-Year Summary

2019 2018 % Change
Sales 982 819 19.90%
New Listings 2,050 1,811 13.20%
Active Listings 2,126 1,909 11.37%
Average Sale Price $1,355,764 $1,354,719 0.08%
listings
listings

Area listings


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