RE/MAX - Above The Crowd!

RE/MAX Premier Inc.
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 4,930 homes sold in December 2017. This December sales volume represents a 33 percent decline from the sales volume reported for November 2017 as well as a 7 percent decline from the sales volume reported for December 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 December for each of the years 1991 through to 2017. The sales year to date to December now represents the annual sales for each of the years. 2017 sales were the 5th highest recorded behind 2016, 2015, 2007 and 2014.

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 December was $735,021 - which represents a 3.5 percent decline from the average price reported for November 2017. The December monthly average selling price was also 0.7 percent higher than the selling price reported for December 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 December is depicted below in the Sales by Price Breakdown chart.

The average selling price year-to-date to the end of December 2017 was $822,681 - approximately 12.7 percent higher than the average selling price for the year 2016.


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 12,926 properties listed for sale in December 2017 which represents a decline of 29 percent from the number of properties listed for sale in December 2017 but was a whopping 172 percent higher than the number of properties listed for sale in December 2016. The number of new listings in December was 52 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 December 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 December 2017 into price ranges so that the most popular (highest selling) price ranges can be quickly determined. Sales volumes during December were highest in the $400,000 - $500,000 price range with the $500,000 - $600,000 and $600,000 - $700,000 ranges close behind. The mix between sales of higher priced homes versus lower priced homes directly affects the average selling price reported for the month.

Back To/Check Out Randi Emmott's Home Page

  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