Toronto Real Estate Market Statistics and News

June 2025

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July 2025

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August 2025

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March 2025

1. Detached home sales continue to climb, reflecting strong demand, while a price growth of $6,611 keeps them a premium choice in Toronto. However, YoY price change reflects a 1.8% fall;
2. The semi-detached segment remains unpredictable, with fluctuating prices of -0.9% yearly change but steady growth in sales at 129 units compared to the previous month;
3. Townhouses face a mixed trend — prices are rising by $3,314, but sales have slowed by -23.2 %, indicating changing buyer preferences;
4. Condo prices drop 2.6% annually, yet they remain the most budget-friendly housing option, backed by high transaction numbers: 1,404 in March 2025.

April 2025

1. Toronto’s detached market continues to perform well, as both demand and price growth remain strong. However, general sales year-over-year statistics show a worrying fall of 23.3%;
2. With semi-detached prices fluctuating by – 4.1%, their future remains uncertain, though consistent 80 units monthly sales growth shows ongoing interest;
3. While the Toronto unemployment rate shows enormous growth of 8.4%, interest in townhouses disappears, expressed in a -22.9% decrease from total sales;
4. On the contrary, condo sales increased by 36 units monthly while also showing a -6.8% yearly decrease in price.

May 2025

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December 2024

1. Despite the fact that the average detached house price dropped by $53,309 while the employment rate grew by 2.2%, YoY sales also changed by 1,8%. 
2. The total number of semi-detached houses sold significantly dropped by 50% (210 units), indicating almost the lowest rate in history.
3. Townhouses and Condo apartments suffered as well, resulting in 653 and 960 units sold, respectively. For townhouses, it is almost not a surprise since their prices grew by $18,457. Meanwhile, condo prices slightly decreased by $ 7,744.

January 2025

1. Detached houses maintained and increased their positions by increasing their average monthly sales from 1,423 to 1,580 units and dropping prices to $1,377,430 (2.1% yearly ratio growth).
2. It’s hard to predict what will happen to semi-detached houses since their prices continue to fluctuate by 1.1% year over year while their average sales go up by 2.9% year over year (+ 57 units monthly).
3. Despite bright future predictions, townhouse sales dropped by -4.2% yearly, while their prices increased by 1.6% to $904,986.
4. Condo apartments remain the cheapest option, but average prices and sales decreased by -1.6% and -12.1%, respectively, in terms of percentage change year over year.

February 2025

1. Detached homes remain strong in the Toronto real estate market, yet their sales and prices are slowly growing by 0.2 % year over year. Overall prices changed by 2.2% compared to February 2024.
2. Semi-detached house prices continue to fluctuate by 4.0%, making future trends uncertain, while sales have increased (+7 homes sold in monthly change)
3. Townhouse prices have risen by 6,697$, but sales have declined by 2.3%, contradicting positive market expectations.
4. Condo apartments remain the most affordable choice, yet their prices continue to drop by 1.3% annually, supported by the high sales volume of 1,225 units.

September 2024

1. New listings appear, yet prices don’t grow. Detached houses show – 1,1% in the yearly change of average price. In September 2024, it was $1,685,755 for the 416 area code and $1,333,394 for the 905 area code.  
2. Semi-detached houses’ average price dropped as well, resulting in a 0.4% yearly change. However, average sales grew by 12.6% (446 in September 2024 and 427 in August 2024).
3. Townhouse sales show the biggest plus 14.3% yearly. The price remains one of the most reasonable options, at $904,200.
4. Condo apartments, the second most sold option with 1,312 in September 2024, keep the lowest price at $682,543.

October 2024

1. Detached houses show 46.6% growth in the yearly change. In October 2024, their price also increased by 1.2% YoY change, resulting in $1,462,838 on average per unit.
2. Semi-detached houses’ average price dropped significantly, resulting in a $17,627 change. This fact boosted average sales as well, 612 in October 2024 against 446 in September 2024.
3. Townhouse prices grew along with sales. +$16,001 to average price doesn’t scare buyers away, and got townhouses +283 total sales.
4. Condo apartments, the cheapest option with a $694,038 average price in October 2024, decreased their yearly price by -2.0% but increased in sales by 33.4%, getting 410 more sales monthly.

November 2024

1. Detached houses show a significant drop in total sales, while their prices also dropped monthly, showing a 3.9% YoY change.
2. The total number of semi-detached houses sold also dropped by 110 units, and their relatively low price of $1,077,254 does not guarantee that their sales will grow next month.
3. The townhouse average price shows low fluctuation yearly at 0.8%, but it also significantly dropped in sales and price.
4. Condo apartments are probably the most significant part of the new 11,592  listings, with 1,640 units sold at an average price of $689,599.

June 2024

1. Detached home total average sales experienced a significant decrease in June 2024 compared to May of the same year. As seen on the chart to the right, it ran short on 250 houses. The good news is that the average YoY price dropped as well, resulting in -3,3% change;
2. Semi-detached homes’ average price showed the most significant yearly decrease of -9.3%;
3. Townhouses’ sales also dropped, resulting in 1,054 total average sales (-95 sales). Furthermore, their monthly average price continues to fall as well ($931,490 in June 2024, compared to $947,158  in May 2024);
4. Condo apartments remain the cheapest option. Their falling yearly and monthly average prices benefit those who want new housing (- $2,954 monthly). However, their total sales dropped as well: 1,942 May 2024 -> 1.520 June 2024.

July 2024

1. Detached houses’ total sales dramatically dropped again by 542 houses equal to 3.3% fluctuation in the year-to-year ratio.
2. As for semi-detached houses, their average pricing for Toronto in June 2024 was $1,102,904, in July 2024 it became $1,067,576 meaning that it also dropped for $35,328.
3. The total townhouse sales of 939 in July 2024 marks 8.3% yearly growth.
4. Condo apartments are the most cheap houses in listings, with average pricing of $718,698 in July 2024. However, despite their price, their total sales dropped by 38 houses.

August 2024

1. The average price of detached houses slightly dropped in monthly change by $11,857, yet total sales also decreased by 228 houses or -1% and -0.3%, respectively, in yearly change.
2. As for semi-detached houses, their total sales went down too by 44 houses in Toronto in August 2024. YoY ratio marks significant -5.3% negative growth in total sales and 0.8% in average price.
3. The average townhouse price of 891,892$ in August 2024 didn’t help total sales grow; they also collapsed by 67 houses (939 in July 2024 against 872 in August 2024).
4. Condo apartments, the second most popular house type after detached houses, also experienced their worst times, with total sales and average price decreasing by 65 houses and 43,992$, respectively.

March 2024

1. Detached homes raised in sales, from 2,495 in February 2024 to 2,893 in March 2024, but total YoY price stayed the same with 0% change;
2. Semi-detached homes experienced a massive growth of 116 homes sold more than in the last month. Total YoY sales and price raised as well by 4.3% and 3.1%, respectively;
3. Townhouses’ total price raised by 5,973$, which is only 0,5% in YoY statistics;
4. Condo apartments year over year total average price continues to fall -0.5% (add -1.5% last month).

April 2024

1. Maybe not that significantly, but Detached home sales rose again (+ 282 deals), and so did their price, showing 1.8% yearly growth;
2. As for Semi-detached homes, expect to pay more for them due to the 0,3% yearly average price growth and 2.9% inflation Yr./Yr. CPI growth;
3. Townhouses’ sales show growth as well, resulting in 1,229 total sales. Yet, their prices dropped down by -3.7% in the yearly overview;
4. Condo apartment’s total sales show a significant decrease in total sales (-6.5%). However, year over year, the total average price grew by 0.6%, with an average price of $728,067.

May 2024

1. Detached home sales slightly rose again (3, 238 deals agains 3, 175 deals, 63 total). However, their average price decreased by 9, 395$;
2. As for Semi-detached homes, their -2,0% yearly average price fall can’t explain why their sales also dropped by 4 deals;
3. Townhouses’ sales also dropped, resulting in 1,149 total sales. What is more, their yearly and monthly average prices continue to fall as well (-5,6% yearly, 2,681$ montly);
4. Condo apartment’s YoY % average price change shows -2,4%. It can be felt on montly basis, the price fall by 2, 748$. Their yearly total sales change isn’t that optimistic and and shows a significant decrease of -24.1%.

December 2023

1. According to the real estate lawyer Toronto, buyers were active in the fading days of 2023. This can be seen in the average detached house prices. Despite its growth of more than $14,000, average sales dropped only for 360 deals;
2. Semi-detached houses dropped in average price again. However, year-to-year change shows 1,7% growth;
3. The average Townhouse price is seeing unexpected growth of more than $25,000 ($885,818 in November 2023 compared to $912,403 in December 2023);
4. Luckily, the Condo apt average price fell even more, resulting in a $27,976 difference in total average prices in November 2023/December 2023.

January 2024

1. Sales of detached homes saw a significant increase in January 2024, with 1,745 units sold, up from 1,521 in December 2023, marking a 14.7% increase. This indicates a robust interest in detached homes at the start of the year;
2. Semi-detached homes also experienced a rise in sales, reflecting a 5.9% increase;
3. Townhouse sales witnessed a notable jump, with 765 units sold in January 2024 compared to 623 in December 2023, resulting in a 22.8% surge;
4. The condo apartment market saw the most dramatic increase in sales, with 1,335 units sold in January 2024, up from 944 in December 2023. This represents a substantial growth of 41.4%, suggesting strong buyer interest in condo living spaces at the beginning of the new year.

February 2023

1. Detached homes witnessed an average price increase from $1,350,828 in January 2024 to $1,443,612 in February 2024, marking a 6.8% rise;
2. Semi-detached homes experienced a slight rise in average price from $1,038,303 in January 2024 to $1,123,896 in February 2024;
3. Townhouses saw an uptick, too, climbing to $934,154 in February 2024, representing a 4.8% growth;
4. Condo apartments also saw an increase in average price, indicating a 2.0% uptick.

September 2023

1. Detached houses’ total sales slightly dropped again by 115 sold homes (2,264 in August 2023 compared with 2,149 in September 2023) in the monthly TRREB report.
2. Semi-detached houses’ average pricing for Toronto in August 2023 was $1,067,980. In September 2023, it became $1,094,074, meaning it rose by $26,094.
3. The total townhouse sales of 741 are in the penultimate place in the average major home types’ sales. However, the average price for them has risen by 4.5%.
4. Condo apartments remain the most affordable option, with an average pricing of $707,065. However, their price also increased by $1,493 compared to the previous month.
5. In the year-over-year summary, the quantity of new and active listings rose by 44.1% and 39.8%, respectively.

October 2023

1. There is a tiny growth in total Detached house sales compared to the previous TRREB report. However, in year-to-year change, total sales dropped by 5,7%;
2. Semi-detached houses grew in average price by 8,647$. Their total sales also heightened by 26 homes;
3. Despite overall prices softening, total Townhouse sales dropped by 15, according to the October 2023 TRREB report;
4. Total average condo price fell by 1,2% in the yearly report, as average sales in October.

November 2023

1. Greater Toronto home sales fall amid affordability challenges, but relief is forecasted. This can be clearly seen in total Detached house sales. 1,881 in November 2023 compared to the previous 2,157 in October 2023;
2. Semi-detached houses dropped in average price to $1,060,829. However, it didn’t save their total sales, which also fell by 24 homes;
3. Average Townhouse price became as affordable as ever ($885,818), but their total average sales dropped by almost 9% in year-to-year ratio;
4. The condo average price suddenly spiked and became $710,501. That is probably why condo buyers are unable to evict tenants.