Stats
The market is always moving! July 2023 saw a 7.8% increase in sales across all housing styles compared to July 2022. Last month across the Greater Toronto Area also experienced an 11.5% increase in new listings and a 4.2% increase in average selling price to $1,118,374.
Here's how the market looked across the GTA last month:
Sales | Sale Price | DOM | Average Sale to List Price | |
---|---|---|---|---|
Detached | 157 | $1,530,510 | 15 | 100% |
Semi-Detached | 66 | $1,057,125 | 13 | 103% |
Condo Townhomes |
85 | $806,425 | 16 | 101% |
Condo Apartments |
138 | $676,903 | 23 | 99% |
Sales | Sale Price | DOM | Average Sale to List Price | |
---|---|---|---|---|
Detached | 81 | $2,101,237 | 20 | 99% |
Semi-Detached | 2 | $1,131,000 | 5 | 103% |
Condo Townhomes |
26 | $1,128,923 | 16 | 94% |
Condo Apartments |
30 | $823,263 | 37 | 98% |
Freehold Townhomes |
39 | $1,172,333 | 15 | 99% |
Sales | Sale Price | DOM | Average Sale to List Price | |
---|---|---|---|---|
Detached | 94 | $1,531,687 | 16 | 98% |
Semi-Detached | 14 | $1,045,607 | 9 | 104% |
Condo Townhomes |
39 | $841,222 | 20 | 101% |
Condo Apartments |
39 | $716,810 | 22 | 99% |
Sales | Sale Price | DOM | Average Sale to List Price | |
---|---|---|---|---|
Detached | 190 | $1,239,909 | 14 | 100% |
Semi-Detached | 64 | $944,373 | 13 | 103% |
Condo Townhomes |
28 | $749,014 | 19 | 103% |
Condo Apartments |
26 | $556,481 | 27 | 99% |
Freehold Townhomes |
52 | $904,575 | 15 | 104% |
Sales | Sale Price | DOM | Average Sale to List Price | |
---|---|---|---|---|
Detached | 179 | $1,483,704 | 17 | 103% |
Semi-Detached | 60 | $1,096,655 | 11 | 107% |
Condo Townhomes |
42 | $971,771 | 21 | 124% |
Condo Apartments |
214 | $675,911 | 22 | 100% |
“Home sales continued to be above last year’s levels in July, which suggests that many households have adjusted to higher borrowing costs. With that being said, it does appear that the sales momentum that we experienced earlier in the spring has stalled somewhat since the Bank of Canada restarted its rate tightening cycle in June. Compounding the impact of higher rates has been the persistent lack of listings for people to purchase compared to previous years,” said Toronto Regional Real Estate Board (TRREB) President Paul Baron.
*DOM = Days on Market
Want to know what these stats mean for you? Send us a message!
August 19, 2024
Wake up to the serene views of the water
July 30, 2024
What you need to know to get started.
June 17, 2024
June 3, 2024
Cmfort and convenience
April 15, 2024
Vibrant Living in Your Custom-Built Dream Home
April 4, 2024
Embrace Elegance and Convenience
March 4, 2024
January 2, 2024
New Year's Resolutions for Your Home!
December 18, 2023
Top School Districts
We strive to educate and empower our neighbors and clients in making one of their biggest investments, purchasing or selling a home.