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 March 2021 Toronto total residential housing sales after zooming M/M in July 2020 have now blown past the 2Q 2016 highs creating a new historic high. Total residential inventory is 53% below the May 2013 high and total sales-to-listings produced a 148% absorption rate as buyers pushed detached, townhouse and condo prices up to new price peaks. Absorption rates rose above 100% five times during the FOMO 1.0 hysteria in 2016-2017. |
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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.
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