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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 2015 to 2014
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

2015 Monthly Sales versus 2014

Chart of 2015 vs 2014 sales by month

The Toronto Real Estate Board reported 4945 homes sold in December which was the second highest December sales on record of single family homes. This sales volume represents a 33 percent decline from the sales volume reported for November 2015 but was 12 percent higher than the sales volume reported for December 2014.

Annual Sales Volume 1980-2014

Graph of Annual Sales 1980-2014

This chart graphically depicts the number of single family homes sold in the years 1980 through to 2014. 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 2007 were the highest recorded; the sales volume for 2014 was just slightly lower than 2007.
[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 1991-2015 Sales Year to Date

This chart depicts the number of resale homes sold to the end of December for each of the years 1991 through to 2015. Record breaking sales volumes for several months of the year have propelled year to date sales to the highest on record for the years depicted.

Average Selling Prices

Average Selling Price 1980-2014

Graph of Average Selling Price 1980-2014

This chart presents average price trends for houses in the Toronto area during the last 30 years. House prices clearly peaked in 1989 and then dropped until 1996. House prices have been steadily increasing during the last few years although not at the dramatic rates seen during the late 1980s. Prices levelled off during 2008, but resumed their upward climb in 2009.

Average Monthly Selling Price 2015 vs 2014

Image of Average Price 2015 vs 2014

The average selling price of homes that sold during December was $609,110 - which represents a 4 percent decline from the average selling price reported for November 2015. The December monthly average selling price was also 9.5 percent higher than the selling price reported for December 2014. 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 mix of higher priced to lower priced homes that have sold during the month. The mix of homes sold during December is depicted below in the Sales by Price Breakdown chart.

The average selling price year-to-date to the end of December 2015 was $622,217 - approximately 9.8 percent higher than the average selling price for the year 2014 of $566,624.


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 9,137 properties listed for sale in December 2015 which represents a 32 percent decline from the number of properties listed for sale in November 2015 as well as an 11 percent decline from the number of properties listed for sale a year ago in December 2014.

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 December 2015 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 December 2015 into price ranges so that the most popular (highest selling) price ranges can be quickly determined. Highest sales volume during December were homes in the $400,000 - $500,000 price range with homes in the $300,00 - $400,000 price range coming a close second. 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

Ryan Ryan Emmott, Sales Representative
RE/MAX Premier Inc.
Tel: (416) 987-8000