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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NOTE: Toronto Strata Unit Data changed from median to average at August 2011 and Toronto GTA - SFD average prices began March 2009. Prior SFD data points are actually combined residential + 24.5% which is the average percentage difference between combined residential and SFD over 24 months from March 2009 through February 2011.
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In April 2020 Toronto total residential housing sales continued stair stepping down and It looks apparent now that sellers have been cashing in since JAN 2018 taking advantage of the late stage FOMO crowd attempting to bull the market back to the 2017 high. Residential inventory has total listings out-numbering total sales by 3.5. In the previous month it was 1.3). |
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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 154% in March 2017 but have plunged to 28% this month. In the previous month it was 75%.
The "Vancouver Model" is failing in Toronto. |
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.
