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
December Real Estate Market

Toronto Real Estate Board December MLS sale statistics:

  • GTA single family home sales including condo townhouses and apartments - 3,781.
  • Volume is down 22.5% compared to December 2017 4,876 sales.
  • Volume is down 39% compared to November 2018 6,236 sales.
  • Average price of a GTA single family home - $787,300.
  • Down 4% from 2017's average price of $822,572.

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

“After spiking in 2017, new listings receded markedly in 2018. In many neighbourhoods, despite fewer sales from a historic perspective, some buyers still struggled to find a home meeting their needs. The result was a resumption of a moderate year-over-year pace of home price growth in the second half of the year. Price growth was strongest for less-expensive home types, as many home buyers sought more affordable home ownership options,” said Jason Mercer, TREB’s Director of Market Analysis and Service Channels.

We track MLS sales daily.

  • November 2016 to May 30th 2017, 10% of the sales in C01-C04, C08-C12, E01-E03, W01, W02 sold for asking price or less.
  • December sales were 50-100% for asking or less.

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

The 2018 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 ask price was reasonable.
  • 905 region resale homes average price has remained flat since October 2017 - remains a soft market.
  • 2017 annual sales 92,263.
  • 2018 annual sales 77,426.
  • 2018 - Limited and reduced inventory = lower sales volume.

Average Price December 2018
Average Price December 2017
City (416)
$835,422
$834,250
G.T.A. (905)
$757,086
$815,386

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
$729,835
2004
$315,231
2017
$822,572
2005
$335,907
2018
$787,300
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