Toronto
established 1793
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DISCOVER
About 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 (2019).
market update
market update
Comparative Analysis
| 2021 | Y/Y | M/M | |
|---|---|---|---|
| Sales | 1,255 | 190.5% | -5.1% |
| New Listings | 2,126 | 129.3% | -7% |
| Active Listings | 1,479 | 16.8% | 5.8% |
| Average Sale Price | $1,716,272 | 20.7% | 1% |
| SNLR | 59% | 12.4% | 1.2% |
Source: TRREB Market Watch Report – Summary of Existing Home Transactions (Detached)
toronto
toronto
May 2021 Summary
Toronto experienced a 190.5% year-over-year increase in home sales in May 2021. New listings were up by 129.3% versus May 2020. Average sale price was up 20.7% year-over-year. The sales to new listings ratio (SNLR) was up 12.4% to 59%. SNLR at 55% or more indicates a seller’s market; there are more buyers than properties for sale. Month-over-month, sales have declined (-5.1%) as have new listings (-7%). The average sale price has remained flat at +1% versus last month.
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