Toronto

established 1793

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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).

toronto
toronto

September 2020 Summary

The Toronto Regional Real Estate Board reported the following for the GTA for the month of September 2020:

  • The AVERAGE SALE PRICE in September 2020 was up by 14% year over year
  • The NUMBER of SALES was up by 42.3% compared to September 2019

Three take-aways:

  1. Year-over-year sales growth in September continued to be driven by ground-oriented market segments, including detached and semi-detached houses and townhouses.
  2. The relatively better supplied condominium apartment segment experienced a comparatively slower pace of price growth.
  3. Annual growth rates were also higher for sales reported in the GTA regions surrounding the City of Toronto.

To help decipher the data in the adjacent table (including data for detached only), when the Sales to New Listings Ratio (SNLR) is:

  • 55% or more = SELLER’S MARKET = more buyers than properties for sale
  • Between 36% and 54% = BALANCED MARKET = about the same number of properties for sale as there are buyers
  • 35% or less = BUYER’S MARKET = more properties for sale than there are buyers
market update
market update

Year-Over-Year Summary

2020 2019 % Change
Sales 1,161 909 27.7%
New Listings 2,318 2,269 2.2%
Active Listings 1,991 2,272 -12.4%
Average Sale Price $1,487,122 $1,360,623 9.3%
SNLR 50.1% 40.1% 10.0%
listings
listings

Area listings


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