TORONTO HOUSING Single Family Detached, Town House and Condo Average Prices with Total Residential Listings and Sales.
See also the charts comparing 10 year changes in Ontario employment earnings and the relative values of TORONTO STRATA units as a percentage of single family dwellings
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In July 2020 Toronto total residential housing sales zoomed M/M and are only 13% below the June 2016 high. Residential inventory ticked up but remains 34% below the May 2013 high and produced a 74% absorption rate as buyers continued pushing prices up towards the 2017 highs. I assume that buyer balance sheets are cash flow pandemic proof. |
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Absorption rates based on total listing inventory and total sales have come off their hysterical run and did plunge quickly from 152% in March 2017. ABSORPTION RATE RECORDS
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This comparison chart of Vancouver vs Toronto shows the scale of the perceived value differential between the two most manic and expensive Canadian cities.
