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
CLICK CHART TO ENLARGE
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 February 2020 Toronto total residential housing sales zoomed à la 2016. The unleashed FOMO crowd pushed strata prices to new peak prices as inventory remains at the year end lows. Residential inventory has total listings out-numbering total sales by only 1.2 times vs 4.3 times in the Vancouver market. |
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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 are ramping up now at 82% this month with only 1 month required to sell.
The "Vancouver Model" is on 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.
