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Randi Emmott's Real Estate Market Statistics

This section of the website is devoted to providing statistics on the Toronto real estate market. Careful evaluation of this type of information can sometimes provide valuable insight into the market, the factors that drive the market, and possible future trends. Be very careful before making a buying or purchasing decision based on these type of statistics alone. Predicting the future by extrapolating from the past can be very risky without professional advice.
 
Table of Contents
Resale Sales Volume
This first set of charts depict various aspects of the volume of sales of resale homes in the greater Toronto market.
Average Selling Prices
These sets of charts depict variation in average selling price for single family dwellings historically and by month comparing 2017 to 2016
Inventory of Homes For Sale
These charts depict trends in the numbers of available homes for sale.
Home Sales By Type/Price
These charts break down recent sales according to type of property and price.


Sales Volume Statistics


2017 Monthly Sales versus 2016


Chart of 2017 vs 2016 sales by month

The Toronto Real Estate Board reported 7,374 homes sold in November 2017. This November sales volume represents a 4 percent increase over the sales volume reported for October 2017 but was 13 percent lower than November 2016.

Annual Sales Volume 1980-2016


Graph of Annual Sales 1980-2015

This chart graphically depicts the number of single family homes sold in the years 1980 through to 2016. The volume of sales in the Toronto area experienced peaks in 1986 and 1988 followed by slow years during the early 1990's. Sales volume picked up from 1996 onwards. Sales of resale homes in 2016 were the highest recorded.
[Note: the Toronto Real Estate Board's geographic boundaries were changed during the period depicted in the graph, so direct comparisons between 1996 and 1986 for example, are not valid]

Sales Year-To-Date

Graph of 1991-2017 Sales Year to Date

This chart depicts the number of resale homes sold to the end of November for each of the years 1991 through to 2017. While the 4 percent increase in sales in November over October improved year to date sales it remains the 5th highest recorded and still 19 percent lower than 2016.

Average Selling Prices

Average Selling Price 1980-2016


Graph of Average Selling Price 1980-2015

This chart presents average price trends for houses in the Toronto area during the last 36 years. House prices clearly peaked in 1989 and then dropped until 1996. House prices have been steadily increasing since then. Prices levelled off during 2008, but resumed their upward climb in 2009, climbing steeply in 2016.

Average Monthly Selling Price 2017 vs 2016

Image of Average Price 2017 vs 2016

The average selling price of homes that sold during November was $761,757 - which represents a 2.4 percent decline from the average price reported for October 2017. The November monthly average selling price was also 2 percent lower than the selling price reported for November 2016. Average selling price reported on a monthly basis can be misleading as it is comprised of a combination of the real value of property plus the ratio of higher priced to lower priced homes that have sold during the month. The mix of homes sold during November is depicted below in the Sales by Price Breakdown chart.

The average selling price year-to-date to the end of November 2017 was $827,608 - approximately 13 percent higher than the average selling price for the year 2016.

Inventory

Image of number of properties for sale

This chart depicts the number of active listings (properties for sale) on the Toronto Real Estate Board. There were 18,197 properties listed for sale in November 2017 which represents a decline of 4 percent from the number of properties listed for sale in October 2017 but was 111 percent higher than the number of properties listed for sale in November 2016. The number of new listings in November was 37 percent higher than a year ago.

Home Sales by Type/Price


Home Sales by Type of Property:

Graph of Single Family Sales by Type

This chart breaks down single family residential sales during November 2017 into the various different categories of property such as single family detached, semi-detached, townhouse etc.

Home Sales by Price Range

Image of Sales by Price Range

This chart breaks down sales of single family homes during November 2017 into price ranges so that the most popular (highest selling) price ranges can be quickly determined. Sales volumes during November in the $400,000 - $500,000 , $500,000 - $600,000 and $600,000 - $700,000 ranges were, for all intents and purposes equal. The mix between sales of higher priced homes versus lower priced homes directly affects the average selling price reported for the month.

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  For further information please contact:    
Randi Randi Emmott, Sales Representative
RE/MAX Premier Inc.
Tel: (416) 987-8000
E-Mail: remmott@remax.net

Ryan Ryan Emmott, Sales Representative
RE/MAX Premier Inc.
Tel: (416) 987-8000
E-Mail: r.emmott@gmail.com