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 September 2020 Toronto total residential housing sales after zooming M/M in July are now only 13% below the June 2016 high but the higher highs and lower lows could be a serious mixed message moving into 4Q 2020. Residential inventory moved up to 20% below the May 2013 high and produced a 61% absorption rate as buyers continued pushing Detached prices up towards the 2017 highs and producing a new average price high for Townhouses. I assume that buyer's 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.
