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
August 2019 Real Estate Market Statistics

Toronto Real Estate Board August MLS sale statistics:

  • GTA single family home sales including condo townhouses and apartments - 7,711.
  • Volume - up 13.4%, compared to August 2018 6,797 sales.
  • Volume - down 10.3% compared to July 2019 8,595 sales.
  • Average price of a GTA single family home - $887,584.
  • Up 2.5% from 2018's average price of $787,876.

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

“This year’s market through August has been characterized by receding listings and increasing sales relative to 2018. Competition between buyers has increased, which has led to stronger annual rates of price growth, most notably during this past spring and summer. Right now, the overall pace of price growth is moderate. However, if demand for ownership housing continues to increase relative to the supply of listings, the annual rate of price growth will accelerate further. This underpins the importance of solving this region’s housing supply issues, which will go a long way to insuring a sustainable pace of price growth over the long term, 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.
  • August 2019 40-75% of properties sold for asking or under.

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

The August residential resale market remains 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.
  • According to a Royal LePage August national release - Greater Toronto Area condo price per square foot increased 9.1% year over year to $743.
  • Greater Ottawa condo price per square foot appreciated the fastest among Canada's largest markets, rising 17.9% year over year to $395.
  • Greater Montreal Area condo prices per square foot rose 10.3% to $362.

Average Price August 2019
Average Price August 2018
City (416)
$818,715
$785,358
G.T.A. (905)
$779,690
$754,079

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
$787,876
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