Column Toronto Real Estate Brokerage Royal LePage RES Ltd/Johnston and Daniel Division Toronto REALTORS® Louise Dodd and Jason Dodd
Column Middle Toronto REALTOR® Louise Dodd Toronto REALTOR® Jason Dodd Toronto Real Estate Services Toronto Real Estate for Sale Previous Toronto Real Estate Sales Toronto Real Estate Information and Other Information
October 2019 Real Estate Market Statistics

Toronto Real Estate Board September MLS sale statistics:

  • Toronto Real Estate Board October MLS sale statistics:

    • GTA single family home sales including condo townhouses and apartments - 8,491.
    • Volume - up 14%, compared to October 2018 7,448 sales.
    • Volume - up 8.5% compared to September 2019 7,825 sales.
    • Average price of a GTA single family home - $816,105.
    • Up 3.5% from 2018's average price of $787,848.

    (The GTA is Burlington to Clarington, Lake Ontario to Lake Scugog)

    “As market conditions in the GTA have steadily tightened throughout 2019, we have seen an acceleration in the annual rate of price growth. While the current pace of price growth remains moderate, we will likely see stronger price growth moving forward if sales growth continues to outpace listings growth, leading to more competition between home buyers,” said Jason Mercer, TREB’s Chief Market Analyst.

    We track MLS sales daily.

    • November 2016 to May 30th 2017, 90% of central district properties sold over asking price.
    • October 2019 45-70% of properties sold for asking or under.

    (Central districts cover the Lake to York Mills, and the Humber River to Victoria Park.)

    The October residential resale market was a story of different markets that vary by housing type and location.

    • In central Toronto limited supply and strong demand, meant bidding wars and "bully offers" in both freehold and condos if the list price was reasonable.
    • The 905 region remains a softer market.
    • New listings were down by 9.6% compared to October 2018.
    • The result is tighter market conditions and accelerating price growth.

Average Price October 2019
Average Price October 2018
City (416)
$925,498
$869,867
G.T.A. (905)
$805,623
$765,264

Average GTA Prices 1993 to 2018

1993
$206,490
2006
$351,941
1994
$208,921
2007
$376,236
1995
$203,028
2008
$379,347
1996
$198,150
2009
$395,460
1997
$211,307
2010
$431,276
1998
$216,815
2011
$465,014
1999
$228,372
2012
$497,130
2000
$243,255
2013
$522,958
2001
$251,508
2014
$566,624
2002
$275,231
2015
$622,120
2003
$293,067
2016
$729,837
2004
$315,231
2017
$822,572
2005
$335,907
2018
$787,865
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