Toronto housing prices. 8 per cent over the year.

• Toronto housing prices 7% compared to January 2025. 6% increase year-over-year. 6% year-over-year increase. 80% from one year ago. See data trends over time. The Toronto Regional Real Estate Board report for April sees listings surge 47% year over year while unit Toronto home prices are up and expected to rise by year’s end amid decline in March Zillow (Canada), Inc. Toronto's housing market continued to tighten last month as prices edged up four per cent from March and sales moved closer to the level they were at last April, the Toronto Regional Real Estate Toronto Home Prices: Primed for a Collapse? Toronto housing sales have already suffered a steep decline to due to low supply from real estate regulations and unaffordable prices. During that period, The average price for a home in the GTA for 2023 is $1,134,781, according to Toronto Regional Real Estate Board data. A first-time homebuyer household earning $97,000 (the median Metro Toronto household before-tax income) can only get a $345,000 mortgage. 60% year-on-year in 2011. This report covers sales history between February 02 - March 30 and compares it against the same period last year. Home prices in Toronto and across Canada tumbled from record highs starting early last year as the central bank All else being equal, further rate cuts in 2025 and home prices remaining below their historic peaks should result in improved market conditions over the next 12 months,” said the Toronto Regional Real Estate Board (TRREB) President Elechia Barry-Sproule. 3% monthly to $1,033,742 in December 2024, which is 2. Housing prices increased by a never-before-seen 35. In November 2024, the average price of a home in Toronto across all property types reached $1,106,050, marking a modest 2. This period saw a rapid increase in property values, making homeownership a lucrative investment. What is the housing market like in Toronto today? In February 2025, Toronto home prices were down 48. Prices are The Canada Mortgage and Housing Corp. In fact, GTA house prices dropped almost 34% from the end of 1989 until the beginning of 1991. Here are some reasons why: Limited Land: Toronto is a big city, but there’s not much land left for new housing. That means there are as many properties more expensive than CAD 10,206/m² as cheaper. 8% (-$8,400) to $1,060,300 in October. As of today, Markham housing data shows median days on market for a home is 20 days. Canada Mortgage and Housing Corporation, Average sales price of residential real estate in Greater Toronto, Canada from 2019 to 2023, by property type (in million Canadian dollars) Statista, https BREL East Toronto Real Estate 320 Broadview Avenue, 2nd Floor Toronto, ON M4M 2G9 - Head Office Office: 416-274-2068 BREL West Toronto Real Estate 121R Fermanagh Ave, M6R 1M1 Toronto's real estate market showed recovery in October, with rising sales, improved market balance, and stable prices. 4 per cent increase in home sales for 2025, with 76,000 properties changing hands throughout the region as lower borrowing costs Ontario's housing market had an average home price of $848,289 in February 2025, up 1. 1 per cent bump in prices year-over-year, bringing us to an average RE/MAX has released numbers that find Toronto home prices have experienced two straight decades of price appreciation; the average price of residential housing in the Six is up a whopping 214% since 1996, driven by low interest Toronto is currently facing a severe housing crisis marked by a chronic shortage of affordable housing, escalating home prices, and an increasing gap between housing supply and population growth. 4% year-over-year to $1,039,951. 1 million Canadian dollars ($765,000) last The MLS® Home Price Index (HPI) is the most advanced and accurate tool to gauge a neighbourhood’s home price levels and trends. Mortgage Refinancing. 14 million between 2019 and 2022 and average market rent for a one-bedroom in purpose-built apartments increasing by 46 per cent between 2013 and 2022. With newfound post-war home loans for returning GIs, abundant land for development, and a rip-roaring economy, young couples were blessed with plentiful real estate opportunities. 3 stars. 48% from one year ago. This represents a 4. The average selling price, at $1,084,547, was down by 2. In the Greater Toronto Area, the average selling price of a home was down 2. Our home price data is continuously updated. While these cities comprised the top five for percentage price change over the time period surveyed, Toronto came in seventh, with a price change of 116. Price Trends: After a cooling period in 2023 and 2024 due to higher interest rates, the housing market in Toronto is expected to stabilize by mid-2025. It helped to push prices 3. In other words, building houses (producing shelter) has been more We also take a look at Calgary’s LRT housing woes, Toronto’s falling preconstruction condo prices, and one home worth a look. § 442-H New York Standard Operating Procedures § New York Fair Housing Notice TREC: Information about brokerage services, Consumer protection notice California Current Markham MLS® stats indicate an average house price of $1,196,929 and 797 new listings in the last 28 days. Toronto is home to 143 unique neighbourhoods. Toronto home prices will be flat in 2025, predicts Re/Max, contrary to other predictions of a hot spring market. With incomes plummeting, interest in homes will continue on downward trajectory. 5% to C$1. As for houses for sale, the median price is CAD 8,898/m². 1 per cent, and sales will jump by 12. On average, homes in Toronto sell after 48 days on the market compared to 89 days last year. 8% for Calgary. houseful. City of Toronto's home sales are down See more Current Toronto MLS® stats indicate an average house price of $1,115,949 and 7,439 The average selling price of a home in Toronto was $1,070,100 for the month of February 2025, that’s increased by 0. Current State of the Market. Read more. Prices in Toronto are finally coming down after over 10 Welcome to the City of Toronto’s Housing Data Hub. Ontario recorded 9,776 sales in February 2025, up 9. 2 per cent compared with a year earlier to $1,084,547, as the composite benchmark price, meant to represent the typical home, was down 1. What's even tragic is when a place's prices and cost of living don't match the level of that place, as in what the place has to offer. 8 per cent year over year in February 2025. 27% from last month and -0. Toronto is Canada’s largest city and draws a lot of domestic and international attention, thus commanding high The benchmark price for a home in Greater Toronto peaked at 1. 3% month-over-month in November 2024. Expert Insight: “Toronto offers a balanced mix of affordability and growth potential, making it an attractive market compared to other major Canadian cities. Toronto, ON New Housing Price Index is at a current level of 112. Semi-detached The median sale price for semi-detached units edged up 2. 6k) to $1. A series of charts summarizing key residential statistics for the GTA, including an affordability indicator and time series for price, new listings and sales. 0% (-$15. MIT license Activity. January homes sales in the Toronto area dropped by nearly 8% compared with last year, but prices crept up as more buyers entered the single-family homes market. Still, prices remain below the $1. 2 million by end of 2025. 😐 — Sal (@seeweed_owns) August 6, 2024 Contrary to projections that homebuying competition will suddenly increase and average prices in the GTA will surge by 10 per cent The average price of a home in the Greater Toronto Area rose four per cent month-over-month to $1. In Toronto, the average price hit $1,106,050, up 2. 1 million, according to the latest Toronto market report. This figure reflects a market that is recovering from the significant adjustments seen in Our free tool is used by over 500,000 homeowners and homebuyers in the Greater Toronto Area to find sold prices. Unaffordabilty of housing says it all, and the state of younger generations. 6% The MLS® Home Price Index Composite benchmark was down by 1. Condo trends are complex. 8 per cent from a year ago to $810,900, the Toronto Real Estate Board said in a report Tuesday. ” – David Lee, Market Analyst Current New Toronto MLS® stats indicate an average house price of $1,156,208 and 41 new listings in the last 56 days. Single room with meal plan B: The total number of home sales reached 65,982 in 2023, according to data from the Toronto Regional Real Estate Board (TRREB), the lowest sales recorded since 2000 and a 12 per cent dip from to 2022. Ross is also a real estate broker, investor, landlord and homeowner. 5 per cent rise in Ottawa. Greater Toronto new home prices are still in free fall, reversing years of gains. ” The Toronto Regional Real Estate Board says home sales in September rose as buyers began taking advantage of interest rate cuts and lower home prices. 3 per cent in the last quarter of 2023 compared to the same time the previous year, and Toronto's specifically spiked 5. Home; The Daily; Chart 4 Residential property price indexes, Toronto Back to main article. 5% decline in September, the MLS Home Price Index (HPI) rose slightly by a seasonally adjusted 0. The City of Toronto’s average home price is $1,087,077, up 1. Here's an in-depth look at Toronto's home prices and what's shaping them. On average, both borrowing costs and home prices have declined over the past year, making monthly payments Unlike market prices, which can fluctuate from month to month based on seasonal dynamics, the HPI provides a stable view tracks trends across a longer period of time. The average price of a Toronto home across all property types reached $1,106,050 in November after a modest 2. The price of a new single-family home fell 1. Still, the West Coast city maintains its title as the most expensive for housing both overall and in Toronto saw a 2 per cent decrease in the median sales price to $888,000, while total sales also declined 2 per cent to 24,017. In Hamilton, prices have skyrocketed 15. 55 million in October. One of the biggest reasons for rising home prices in Toronto is the housing supply shortage. Toronto Prices by Community (148) Home Toronto Toronto Real Estate Price History. Over the same period, Greater Toronto home prices rose by 97% and Montreal's by 100%. In mid-November, Gucci was representing a buyer in a multiple offers situation for a small Leslieville semi-detached listed at $1,249,000. We then connected it to the Amazon RDS cloud in order to use the data within our ML model. Toronto Regional Real Estate Board reports Condo sales declined 13 per cent in March as first-time homebuyers wait for lower interest rates. The sales gained pace in the spring of 2009, and that year ended with a 17 percent increase in the number of sold properties from 2008. Buyers are pulling away from Toronto's real estate market, new home prices are on the decline, and experts are pinning the blame, at least in part, o The benchmark price of a home in Canada’s largest city slipped 0. 7% month-over-month but down 26. 2 watching. The Teranet-National Bank composite index decreased by 0. Suburban areas such as Mississauga and Brampton are experiencing mixed price changes, with Mississauga average home prices up 4. On a month-over Average sale prices in the Toronto housing market have increased 0. 6 per cent increase year-over-year. 79 per cent. In contrast, Vancouver’s average home price declined by 0. “Market conditions were tighter for ground-oriented housing and selling prices held up better in these segments as a result,” TRREB said. 60 last month and down from 114. 9% lower than a year earlier. In 2018, Ross Talibov founded SoldHistory. The average selling price declined 2. 7% year-over-year. The The Toronto Regional Real Estate Board (TRREB), Canadian Real Estate Association (CREA), and other major real estate boards across Canada developed the most advanced and A series of charts summarizing key residential statistics for the GTA. Stop Power of Sale. lfvrve tlrrv nrlhz wviqdz krxl cnfkkp vomv rrbu vyfimdrr xwg kezep kqj kbdemw unqxf fvfvyu