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

April Real Estate Market

Toronto Real Estate Board April MLS sale statistics:

  • GTA single family home sales including condominiums - 8,008.
  • Volume - down 41.2%, compared to April 2021 13,613 sales.
  • Volume - down 27% compared to March 2022 10,955 sales.
  • Average price of a GTA single family home - $1,288,834.
  • Up 17.7% from 2021's average price of $1,095,380.

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

“Despite slower sales, market conditions remained tight enough to support higher selling prices compared to last year. However, in line with TRREB’s forecast, there is evidence of buyers responding to increased choice in the marketplace, with the average and benchmark prices dipping month-over-month. It is anticipated that there will be enough competition between buyers to support continued price growth relative to 2021, but the annual pace of growth will moderate in the coming months,” 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.
  • April 2022 25-50% 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 April residential resale market was a changing market with both buyer and sellers fears of a downturn.

  • The GTA freehold inventory remains limited.
  • April 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 average condo selling price Q1 2021 : $645,503, Q1 2022 : $790,398, up 22.4%.
  • In general, prices are moderating and homes take longer to sell. However, there are exeptions to these trends depending on the neighbourhood and the property.

Average Price April 2022
Average Price April 2021
City (416)
$1,243,070
$1,087,192
G.T.A. (905)
$1,261,332
$1,092,098

Average GTA Prices 1990 to 2021

1990
$255,020
2006
$351,941
1991
$234,313
2007
$376,236
1992
$214,971
2008
$379,347
1993
$206,490
2009
$395,460
1994
$208,921
2010
$431,276
1995
$203,028
2011
$465,014
1996
$198,150
2012
$497,130
1997
$211,307
2013
$522,958
1998
$216,815
2014
$566,624
1999
$228,372
2015
$622,120
2000
$243,255
2016
$729,837
2001
$251,508
2017
$822,572
2002
$275,231
2018
$787,865
2003
$293,067
2019
$819,279
2004
$315,231
2020
$929,636
2005
$335,907
2021
$1,095,380
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