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About the Toronto Real Estate Market – April Stats Released

Toronto Real Estate Board President Tim Syrianos announced that Greater Toronto Area REALTORS® reported 7,792 sales through TREB's MLS® System in April 2018.

"While average selling prices have not climbed back to last year's record peak, April's price level represents a substantial gain over the past decade. Recent polling conducted for TREB by Ipsos tells us that the great majority of buyers are purchasing a home within which to live. This means these buyers are treating home ownership as a long-term investment. A strong and diverse labour market and continued population growth based on immigration should continue to underpin long-term home price appreciation," said Mr. Syrianos.

"The comparison of this year's sales and price figures to last year's record peak masks the fact that market conditions should support moderate increases in home prices as we move through the second half of the year, particularly for condominium apartments and higher density low-rise home types. Once we are past the current policy-based volatility, home owners should expect to see the resumption of a moderate and sustained pace of price growth in line with a strong local economy and steady population growth," said Jason Mercer, TREB's Director of Market Analysis.

We now can see a continuing trend of average property sold price increasing reasonably with the average days on the market steadying at 20.

Here are the specific stats for 2018:

 

Month

Sales

Ave. Price

Active Listings

Days on Mkt

Jan '18

3,991

$735,754

8,568

32

Feb '18

5,158

$767,693

10,483

25

Mar '18

7,212

$784,715

14,832

20

Apr '18

7,792

$804,584

16,273

20

 

This chart maps out a steady increase in average property sold price:

This chart maps out a longer view of average price since January'16:

 

This chart maps out a steadying in average days on the market:

Here’s a look at TREB stats from January 2016 to April 2018:

Toronto Real Estate Board Stats – All Property Types – GTA

Date

Sales

Average Price

New Listings

Average DOM

Jan '16

4,640

$630,193

8,906

29

Feb '16

7,582

$685,628

11,234

21

Mar '16

10,260

$688,011

14,795

16

Apr '16

12,016

$739,762

16,190

15

May '16

12,789

$752,068

17,356

15

Jun '16

12,725

$747,018

16,918

15

Jul '16

9,929

$710,471

13,482

16

Aug '16

9,748

$710,978

12,346

18

Sep '16

9,828

$756,104

15,050

16

Oct '16

9,715

$762,691

13,331

16

Nov '16

8,503

$777,091

10,456

17

Dec '16

5,305

$730,124

4,166

20

Jan '17

5,154

$768,427

7,314

19

Feb '17

7,954

$876,250

9,801

13

Mar '17

11,954

$915,125

16,978

10

Apr '17

11,468

$918,184

21,571

9

May '17

10,066

$862,149

25,764

11

Jun '17

7,893

$791,929

19,561

15

Jul '17

5,870

$745,896

14,122

21

Aug '17

6,308

$730,907

11,481

25

Sep '17

6,337

$774,705

16,433

24

Oct '17

7,071

$780,585

14,838

23

Nov '17

7,327

$761,385

14,264

24

Dec '17

4,879

$735,145

6,290

27

Jan '18

3,991

$735,754

8,568

32

Feb '18

5,158

$767,693

10,483

25

Mar '18

7,212

$784,715

14,832

20

Apr '18

7,792

$804,584

16,273

20

 

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