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).
|City||Average Sale Price||Active Listings||New Listings||Sales||Sales to New Listings Ratio||Months of Inventory|
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
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
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
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.
|Average Sale Price||$1,355,764||$1,354,719||0.08%|
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