Average price — Mean sale price across all transactions. Sensitive to the mix of homes that sold.
$804,584
MoM +$20,026 +2.6% up $20,026, 2.6% versus March 2018 YoY −12.6% down 12.6% versus April 2017
Source: TRREB MarketWatch, April 2018
Greater Toronto Area · TRREB MarketWatch
GTA Real Estate Market Report
April 2018
In April 2018 the average selling price across the Greater Toronto Area edged up 2.6% to $804,584 versus March 2018, and sales rose 7.8% to 7,792.
Headline indicators
All TRREB areas · all home types
Median price — The midpoint sale price. Less affected by a few very high or low sales than the average.
$684,900
MoM +$14,900 +2.2% up $14,900, 2.2% versus March 2018 YoY −9.9% down 9.9% versus April 2017
MLS® HPI benchmark — Quality-adjusted price for a typical home. The cleanest like-for-like price signal.
$766,300
MoM +$5,500 +0.7% up $5,500, 0.7% versus March 2018 YoY −5.2% down 5.2% versus April 2017
Sales — Firm transactions reported through the MLS® System during the month.
7,792
MoM +564 +7.8% up 564, 7.8% versus March 2018 YoY −33.0% down 33.0% versus April 2017
Dollar volume — Total value of all sales in the month.
$6.27B
MoM +$598,538,823 +10.6% up $598,538,823, 10.6% versus March 2018 YoY −41.5% down 41.5% versus April 2017
New listings — Properties newly listed during the month.
16,273
MoM +1,407 +9.5% up 1,407, 9.5% versus March 2018 YoY −24.8% down 24.8% versus April 2017
Active listings — Listings available at month end.
18,206
MoM +2,235 +14.0% up 2,235, 14.0% versus March 2018 YoY +40.8% up 40.8% versus April 2017
Avg. DOM — Average days on market. Editions before 2020 report this single figure rather than splitting it into LDOM and PDOM.
20
MoM no change no change versus March 2018 YoY +122.2% up 122.2% versus April 2017
Avg. SP/LP — Average sale price as a share of list price. Above 100% means competing offers were common.
99%
MoM no change no change versus March 2018 YoY −10.0% down 10.0% versus April 2017
SNLR — Sales-to-new-listings ratio, computed here from this month’s counts. Below 40% favours buyers, above 60% favours sellers.
47.9%
MoM −0.7 pp −1.5% down 0.7 pp, 1.5% versus March 2018 YoY −10.9% down 10.9% versus April 2017
Months of inventory — Active listings divided by monthly sales — how long the current stock would take to sell. Computed here, not TRREB’s trend figure.
2.3
MoM +0 +5.7% up 0, 5.7% versus March 2018 YoY +110.2% up 110.2% versus April 2017
The month in 60 seconds
- Across all TRREB areas, active listings jumped 14.0% to 18,206 versus March 2018.
- Across all TRREB areas, new listings jumped 9.5% to 16,273 versus March 2018.
- Across all TRREB areas, sales rose 7.8% to 7,792 versus March 2018.
- Across all TRREB areas, the average selling price edged up 2.6% to $804,584 versus March 2018.
- Across all TRREB areas, the median selling price edged up 2.2% to $684,900 versus March 2018.
Generated from the figures above. Ordered by size of month-over-month move.
Economy
Indicators published with this edition
Real GDP growth
1.7%
Q4 2017
Toronto employment growth
3.2%
March 2018
Toronto unemployment rate
5.8%
March 2018
Inflation (CPI, year-over-year)
2.3%
March 2018
Bank of Canada overnight rate
1.25%
April 2018
Prime rate
3.45%
April 2018
1-year mortgage rate
3.34%
April 2018
3-year mortgage rate
4.15%
April 2018
5-year mortgage rate
5.14%
April 2018
By home type
All TRREB areas
| Home type | Sales | MoM | Average price | MoM | YoY |
|---|---|---|---|---|---|
| Detached | 3,451 | +331 +10.6% up 331, 10.6% versus March 2018 | $1,030,103 | +$24,324 +2.4% up $24,324, 2.4% versus March 2018 | −14.5% down 14.5% |
| Semi-detached | 714 | +28 +4.1% up 28, 4.1% versus March 2018 | $792,385 | +$9,554 +1.2% up $9,554, 1.2% versus March 2018 | −6.3% down 6.3% |
| Att/row/townhouse | 745 | +123 +19.8% up 123, 19.8% versus March 2018 | $698,510 | +$8,072 +1.2% up $8,072, 1.2% versus March 2018 | −9.7% down 9.7% |
| Condo townhouse | 542 | +39 +7.8% up 39, 7.8% versus March 2018 | $571,856 | −$2,548 −0.4% down $2,548, 0.4% versus March 2018 | −6.8% down 6.8% |
| Condo apartment | 2,218 | +35 +1.6% up 35, 1.6% versus March 2018 | $559,343 | +$8,340 +1.5% up $8,340, 1.5% versus March 2018 | +3.3% up 3.3% |
| Link | 107 | +17 +18.9% up 17, 18.9% versus March 2018 | $669,793 | −$25,346 −3.6% down $25,346, 3.6% versus March 2018 | −14.7% down 14.7% |
| Co-op apartment | 7 | −4 −36.4% down 4, 36.4% versus March 2018 | $376,143 | −$45,021 −10.7% down $45,021, 10.7% versus March 2018 | −3.9% down 3.9% |
| Detached condo | 5 | −1 −16.7% down 1, 16.7% versus March 2018 | $536,600 | −$210,900 −28.2% down $210,900, 28.2% versus March 2018 | −16.2% down 16.2% |
| Co-ownership apartment | 3 | −4 −57.1% down 4, 57.1% versus March 2018 | $244,000 | −$160,429 −39.7% down $160,429, 39.7% versus March 2018 | −41.0% down 41.0% |
Average price by home type
13 months to April 2018
| Month | Detached | Semi-detached | Att/row/townhouse | Condo townhouse | Condo apartment |
|---|---|---|---|---|---|
| Apr '17 | 1205262 | 845230 | 773577 | 613470 | 541392 |
| May '17 | 1141041 | 824667 | 727729 | 575925 | 531659 |
| Jun '17 | 1055863 | 773879 | 688364 | 551338 | 519784 |
| Jul '17 | 1000336 | 704207 | 665440 | 541144 | 501750 |
| Aug '17 | 968494 | 715167 | 665551 | 535066 | 507841 |
| Sep '17 | 1015067 | 752379 | 663335 | 547540 | 520411 |
| Oct '17 | 1008207 | 764293 | 692241 | 555226 | 523041 |
| Nov '17 | 996527 | 730668 | 698436 | 547709 | 516965 |
| Dec '17 | 989870 | 730726 | 662596 | 519961 | 503968 |
| Jan '18 | 970823 | 715784 | 697792 | 519936 | 507492 |
| Feb '18 | 1000736 | 756894 | 684427 | 578002 | 529782 |
| Mar '18 | 1005779 | 782831 | 690438 | 574404 | 551003 |
| Apr '18 | 1030103 | 792385 | 698510 | 571856 | 559343 |
Movers this month
Ranked across 55 of the 55 required areas · minimum 10 sales to qualify
Average price, month-over-month
Top 5
- Toronto C09 +47.5% up 47.5%
- Toronto E08 +24.4% up 24.4%
- Toronto C11 +21.7% up 21.7%
- Toronto W01 +15.1% up 15.1%
- Georgina +14.4% up 14.4%
Bottom 5
- Toronto C06 −18.0% down 18.0%
- Toronto C12 −16.5% down 16.5%
- King −15.7% down 15.7%
- Toronto W10 −14.6% down 14.6%
- Toronto E06 −11.5% down 11.5%
Sales, month-over-month
Top 5
- Toronto C04 +154.8% up 154.8%
- Toronto C09 +66.7% up 66.7%
- Toronto C11 +57.1% up 57.1%
- Toronto E11 +55.8% up 55.8%
- East Gwillimbury +50.0% up 50.0%
Bottom 5
- Scugog −24.1% down 24.1%
- Toronto E07 −22.2% down 22.2%
- King −18.5% down 18.5%
- Toronto E03 −18.1% down 18.1%
- Toronto W06 −14.6% down 14.6%
Areas below the sales threshold are excluded — with a handful of sales, a couple of transactions can invent a swing that is not a market move.
Market balance
Sales-to-new-listings and months of inventory, computed from this month’s counts
All TRREB areas
SNLR
47.9%
prior month 48.6%
Months of inventory
2.3
All TRREB areas reads differently on the two balance measures — balanced conditions at 47.9% sales-to-new-listings, but a seller's market at 2.3 months of inventory. They measure different things, so the split is worth noting.
City of Toronto (416)
SNLR
55.6%
prior month 63.0%
Months of inventory
1.6
City of Toronto (416) reads differently on the two balance measures — balanced conditions at 55.6% sales-to-new-listings, but a seller's market at 1.6 months of inventory. They measure different things, so the split is worth noting.
905 total
SNLR
44.2%
prior month 42.5%
Months of inventory
2.8
905 total reads differently on the two balance measures — balanced conditions at 44.2% sales-to-new-listings, but a seller's market at 2.8 months of inventory. They measure different things, so the split is worth noting.
These are computed here from the month’s raw counts. TRREB also publishes its own trend-smoothed SNLR and months-of-inventory figures, which are shown separately on the area pages and are not the same measure.
Where I work
Downtown TorontoMidtownScarboroughYork RegionDurham Region
Downtown
$714,120
- Sales
- 653
- SNLR
- 64.3%
- MOI
- 1.2
Aggregated across 2 districts · View →
Midtown
$1,381,722
- Sales
- 374
- SNLR
- 56.9%
- MOI
- 1.4
Aggregated across 6 districts · View →
Scarborough
$657,141
- Sales
- 504
- SNLR
- 54.5%
- MOI
- 1.8
Aggregated across 8 districts · View →
York Region
$940,400
- Sales
- 1,149
- SNLR
- 32.8%
- MOI
- 4.5
Region total · View →
Durham Region
$609,813
- Sales
- 930
- SNLR
- 48.7%
- MOI
- 2.1
Region total · View →
Average price for a multi-district group is weighted by dollar volume, not an average of averages — that would give a district with three sales the same weight as one with three hundred.