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 Real Estate Market

Toronto Real Estate Board October MLS sale statistics:

  • GTA single family home sales including condominiums - 9,783.
  • Volume - down 6.9%, compared to October 2020 10,503 sales.
  • Volume - up 8.1% compared to September 2021 9,046 sales.
  • Average price of a GTA single family home - $1,086,304.
  • Up 16.8% from 2020's average price of $929,636.

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

“The tight market conditions across all market segments and areas of the GTA is testament to the broadening scope of economic recovery in the region and household confidence that this recovery will continue. A key part of future economic development in the GTA will be the ability to provide adequate ownership and rental housing supply so that people can continue to move to the region to live, work and spend money in the local economy,” said Jason Mercer, TRREB Chief Market Analyst.

We track MLS sales daily.

  • November 2016 to May 30th 2017, 90% of central district properties sold over asking price.
  • Ocober 2021 30-70% of central district properties sold for asking or under daily.

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

The October residential resale market was a story of a strong freehold market and a condominium market which continues to show strength in specific locations and for specific types.

  • The GTA freehold inventory remains very limited.
  • October some well-priced or under-priced homes sold for over asking price in bidding wars or "bully offers".
  • Some ambitiously priced properties remain unsold after 2, 3 months or more.
  • The number of new MLS listings was down about 1/3 compared to October 2020.
  • Rental accommodation saw renewed demand in 2021. Average rents have increased across all unit types.
Average Price October 2021
Average Price October 2020
City (416)
$1,122,463
$1,027,280
G.T.A. (905)
$1,176,175
$939,251

Average GTA Prices 1991 to 2020

1991
$234,313
2006
$351,941
1992
$214,971
2007
$376,236
1993
$206,490
2008
$379,347
1994
$208,921
2009
$395,460
1995
$203,028
2010
$431,276
1996
$198,150
2011
$465,014
1997
$211,307
2012
$497,130
1998
$216,815
2013
$522,958
1999
$228,372
2014
$566,624
2000
$243,255
2015
$622,120
2001
$251,508
2016
$729,837
2002
$275,231
2017
$822,572
2003
$293,067
2018
$787,865
2004
$315,231
2019
$819,279
2005
$335,907
2020
$929,636
Follow us on Facebook to get more real estate news.