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Toronto Real Estate Board December MLS sale statistics:
- GTA single family home sales including condominiums 3359.
- Volume - down 1.7%, compared to December 2023 - 3419 sales.
- Volume - down 43% compared to November 2024 - 5875 sales.
- Average price of a GTA single family home - $1,117,600.
- Down 0.08% from 2023's average price of - $1,126,263.
(The GTA is Burlington to Clarington, Lake Ontario to Lake Scugog)
“Market conditions varied by market segment in 2024. Sales of single-family homes, including detached houses, increased last year, whereas condo apartment sales were down. Many would-be first-time buyers remained on the sidelines, anticipating more interest rate relief in 2025. The lack of first-time buyers impacted the less-expensive condo segment more so than the single-family segments,” said TRREB Chief Market Analyst Jason Mercer.
We track MLS sales daily.
- November 2016 to May 30th 2017, 90% of central district properties sold over asking price.
- December 2024 0-45% of central district properties sold for over asking price daily. (Based on district.)
(Central districts cover the Lake to York Mills, and the Humber River to Victoria Park.)
The December residential resale market was depressed, and mixed.
- Some properties remain unsold after months or even more than a year.
- Some under priced or reasonably priced homes sold in "bidding wars".
- The rental market remains soft.
- One bedroom and one bedroom plus den condominium apartments take a long time to sell.
December Average Prices:
| Detached 416 : $1,624,500 |
Detached 905: $1,336,718 |
| Semi-detached 416 : $1,302,024 |
Semi-Detachec 905: $953,776 |
| Townhouse 416 : $900,503 |
Townhouse 905: $913,460 |
| Condo 416: $719,774 |
Condo 905: $616,941 |
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|
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1987
|
$189,105
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2006
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$351,941
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|
1988
|
$229,635
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2007
|
$376,236
|
|
1989
|
$273,688
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2008
|
$379,347
|
|
1990
|
$255,020
|
2009
|
$395,460
|
|
1991
|
$234,313
|
2010
|
$431,276
|
|
1992
|
$214,971
|
2011
|
$465,014
|
|
1993
|
$206,490
|
2012
|
$497,130
|
|
1994
|
$208,921
|
2013
|
$522,958
|
|
1995
|
$203,028
|
2014
|
$566,624
|
|
1996
|
$198,150
|
2015
|
$622,120
|
|
1997
|
$211,307
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2016
|
$729,837
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|
1998
|
$216,815
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2017
|
$822,572
|
|
1999
|
$228,372
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2018
|
$787,865
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|
2000
|
$243,255
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2019
|
$819,279
|
|
2001
|
$251,508
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2020
|
$929,636
|
|
2002
|
$275,231
|
2021
|
$1,095,475
|
|
2003
|
$293,067
|
2022
|
$1,190,749
|
|
2004
|
$315,231
|
2023
|
$1,126,263
|
|
2005
|
$335,907
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2024
|
$1,117,600
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