Average price — Mean sale price across all transactions. Sensitive to the mix of homes that sold.
$930,869
MoM +$67,270 +7.8% up $67,270, 7.8% versus May 2020 YoY +11.8% up 11.8% versus June 2019
Source: TRREB MarketWatch, June 2020
Greater Toronto Area · TRREB MarketWatch
GTA Real Estate Market Report
June 2020
In June 2020 the average selling price across the Greater Toronto Area rose 7.8% to $930,869 versus May 2020, and sales jumped 88.9% to 8,701.
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.
$795,000
MoM +$40,500 +5.4% up $40,500, 5.4% versus May 2020 YoY +10.4% up 10.4% versus June 2019
MLS® HPI benchmark — Quality-adjusted price for a typical home. The cleanest like-for-like price signal.
$863,700
MoM −$6,300 −0.7% down $6,300, 0.7% versus May 2020 YoY +8.2% up 8.2% versus June 2019
Sales — Firm transactions reported through the MLS® System during the month.
8,701
MoM +4,095 +88.9% up 4,095, 88.9% versus May 2020 YoY −1.8% down 1.8% versus June 2019
Dollar volume — Total value of all sales in the month.
$8.10B
MoM +$4,121,760,034 +103.6% up $4,121,760,034, 103.6% versus May 2020 YoY +9.8% up 9.8% versus June 2019
New listings — Properties newly listed during the month.
16,153
MoM +7,049 +77.4% up 7,049, 77.4% versus May 2020 YoY +2.1% up 2.1% versus June 2019
Active listings — Listings available at month end.
14,001
MoM +2,553 +22.3% up 2,553, 22.3% versus May 2020 YoY −28.8% down 28.8% versus June 2019
Avg. LDOM — Average days on market for the current listing. Not reported before 2020.
18
MoM −6 days −25.0% down 6 days, 25.0% versus May 2020 YoY n/a not available, prior month not on file versus June 2019
Avg. PDOM — Average days on market across the property’s consecutive listings. Not reported before 2020.
26
MoM −6 days −18.8% down 6 days, 18.8% versus May 2020 YoY n/a not available, prior month not on file versus June 2019
Avg. SP/LP — Average sale price as a share of list price. Above 100% means competing offers were common.
100%
MoM +1.0 pp +1.0% up 1.0 pp, 1.0% versus May 2020 YoY +1.0% up 1.0% versus June 2019
SNLR — Sales-to-new-listings ratio, computed here from this month’s counts. Below 40% favours buyers, above 60% favours sellers.
53.9%
MoM +3.3 pp +6.5% up 3.3 pp, 6.5% versus May 2020 YoY −3.8% down 3.8% versus June 2019
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.
1.6
MoM −1 −35.3% down 1, 35.3% versus May 2020 YoY −27.5% down 27.5% versus June 2019
The month in 60 seconds
- Across all TRREB areas, sales jumped 88.9% to 8,701 versus May 2020.
- Across all TRREB areas, new listings jumped 77.4% to 16,153 versus May 2020.
- Across all TRREB areas, active listings jumped 22.3% to 14,001 versus May 2020.
- Across all TRREB areas, the average selling price rose 7.8% to $930,869 versus May 2020.
- Across all TRREB areas, the median selling price rose 5.4% to $795,000 versus May 2020.
Generated from the figures above. Ordered by size of month-over-month move.
Economy
Indicators published with this edition
Real GDP growth
-8.2%
Q1 2020
Toronto employment growth
-10.9%
May 2020
Toronto unemployment rate
11.2%
May 2020
Inflation (CPI, year-over-year)
-0.4%
May 2020
Bank of Canada overnight rate
0.25%
June 2020
Prime rate
2.45%
June 2020
1-year mortgage rate
3.19%
June 2020
3-year mortgage rate
3.89%
June 2020
5-year mortgage rate
4.94%
June 2020
By home type
All TRREB areas
| Home type | Sales | MoM | Average price | MoM | YoY |
|---|---|---|---|---|---|
| Detached | 4,445 | +2,160 +94.5% up 2,160, 94.5% versus May 2020 | $1,127,419 | +$94,078 +9.1% up $94,078, 9.1% versus May 2020 | +10.6% up 10.6% |
| Semi-detached | 798 | +335 +72.4% up 335, 72.4% versus May 2020 | $929,138 | +$61,421 +7.1% up $61,421, 7.1% versus May 2020 | +11.9% up 11.9% |
| Att/row/townhouse | 887 | +441 +98.9% up 441, 98.9% versus May 2020 | $786,390 | +$43,010 +5.8% up $43,010, 5.8% versus May 2020 | +10.2% up 10.2% |
| Condo townhouse | 686 | +317 +85.9% up 317, 85.9% versus May 2020 | $654,897 | +$36,365 +5.9% up $36,365, 5.9% versus May 2020 | +7.7% up 7.7% |
| Condo apartment | 1,793 | +791 +78.9% up 791, 78.9% versus May 2020 | $631,704 | +$6,259 +1.0% up $6,259, 1.0% versus May 2020 | +7.0% up 7.0% |
| Link | 68 | +34 +100.0% up 34, 100.0% versus May 2020 | $764,003 | +$68,685 +9.9% up $68,685, 9.9% versus May 2020 | +2.6% up 2.6% |
| Co-op apartment | 8 | +7 +700.0% up 7, 700.0% versus May 2020 | $584,750 | +$339,750 +138.7% up $339,750, 138.7% versus May 2020 | −1.6% down 1.6% |
| Detached condo | 10 | +6 +150.0% up 6, 150.0% versus May 2020 | $797,200 | −$87,050 −9.8% down $87,050, 9.8% versus May 2020 | +19.6% up 19.6% |
| Co-ownership apartment | 6 | +4 +200.0% up 4, 200.0% versus May 2020 | $438,167 | −$7,833 −1.8% down $7,833, 1.8% versus May 2020 | +2.6% up 2.6% |
Average price by home type
13 months to June 2020
| Month | Detached | Semi-detached | Att/row/townhouse | Condo townhouse | Condo apartment |
|---|---|---|---|---|---|
| Jun '19 | 1018987 | 830015 | 713540 | 608187 | 590274 |
| Jul '19 | 995043 | 786974 | 711718 | 601541 | 584019 |
| Aug '19 | 978920 | 768230 | 691768 | 578264 | 574632 |
| Sep '19 | 1050421 | 833790 | 726676 | 618241 | 595013 |
| Oct '19 | 1049300 | 852669 | 727074 | 618849 | 617419 |
| Nov '19 | 1044138 | 837573 | 729999 | 594354 | 617658 |
| Dec '19 | 1052081 | 805144 | 736573 | 597216 | 612464 |
| Jan '20 | 1038247 | 792326 | 755851 | 622640 | 630047 |
| Feb '20 | 1113918 | 872821 | 775554 | 671236 | 666358 |
| Mar '20 | 1107870 | 889480 | 786062 | 647780 | 658791 |
| Apr '20 | 983630 | 865971 | 735818 | 614162 | 578283 |
| May '20 | 1033341 | 867717 | 743380 | 618532 | 625445 |
| Jun '20 | 1127419 | 929138 | 786390 | 654897 | 631704 |
Movers this month
Ranked across 55 of the 55 required areas · minimum 10 sales to qualify
Average price, month-over-month
Top 5
- Toronto C11 +30.9% up 30.9%
- Toronto W08 +30.1% up 30.1%
- King +29.8% up 29.8%
- East Gwillimbury +19.2% up 19.2%
- Brock +18.4% up 18.4%
Bottom 5
- Toronto C07 −24.6% down 24.6%
- Toronto W01 −17.2% down 17.2%
- Uxbridge −14.1% down 14.1%
- Whitchurch-Stouffville −9.6% down 9.6%
- Toronto C09 −6.6% down 6.6%
Sales, month-over-month
Top 5
- Toronto C12 +209.1% up 209.1%
- Toronto C02 +207.4% up 207.4%
- Toronto C03 +206.3% up 206.3%
- Toronto W01 +165.4% up 165.4%
- Scugog +162.5% up 162.5%
Bottom 5
- Toronto W07 +14.3% up 14.3%
- Toronto W09 +32.0% up 32.0%
- Oshawa +36.6% up 36.6%
- Newmarket +40.2% up 40.2%
- Brock +43.8% up 43.8%
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
53.9%
prior month 50.6%
Months of inventory
1.6
All TRREB areas reads differently on the two balance measures — balanced conditions at 53.9% 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.
City of Toronto (416)
SNLR
46.1%
prior month 45.0%
Months of inventory
1.9
City of Toronto (416) reads differently on the two balance measures — balanced conditions at 46.1% sales-to-new-listings, but a seller's market at 1.9 months of inventory. They measure different things, so the split is worth noting.
905 total
SNLR
58.7%
prior month 53.8%
Months of inventory
1.5
905 total reads differently on the two balance measures — balanced conditions at 58.7% sales-to-new-listings, but a seller's market at 1.5 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
$835,904
- Sales
- 563
- SNLR
- 34.2%
- MOI
- 2.8
Aggregated across 2 districts · View →
Midtown
$1,652,397
- Sales
- 343
- SNLR
- 45.3%
- MOI
- 2.0
Aggregated across 6 districts · View →
Scarborough
$792,290
- Sales
- 511
- SNLR
- 55.1%
- MOI
- 1.2
Aggregated across 8 districts · View →
York Region
$1,093,826
- Sales
- 1,354
- SNLR
- 46.8%
- MOI
- 2.3
Region total · View →
Durham Region
$685,655
- Sales
- 1,281
- SNLR
- 69.0%
- MOI
- 1.0
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.