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
In June 2021 Toronto total residential housing sales dropped again and are now down 29% from the March 2021 peak surge and after zooming M/M in July 2020 with the pandemic Covid 19 spread.
Total residential inventory is 46% below the May 2018 high and total sales-to-listings produced a 98% absorption rate (in March 2021 it was 148%). Buyers took a break and average prices in all sectors (strata and detached) ticked down 1% from their respective peaks.
Toronto Single Family Detached Prices
Down 1% from the MAY 2021 high
Up 136% in the last 10 years
Toronto Townhouse Prices
Down 1% from the MAR 2021 high
Townhouses are priced at 61% of SFDs
or 1 SFD = 1.6 Townhouses
Toronto Condo Prices
Down 1% from the APR 2021 high
Condos are priced at 49% of SFDs
or 1 SFD = 2.1 Condos
Absorption rates are based on total listing inventory and total sales and they rose above 100% five times during the FOMO 1.0 hysteria of 2016-2017. They have come off their hysterical run and have plunged quickly from 152% in March 2017. In JUN 2021 they were 98%
MONTHLY ABSORPTION RATE RECORDS
This comparison chart of Vancouver vs Toronto shows the scale of the perceived value differential between the two most manic and expensive Canadian cities.
"Family matters have pressed upon my time and after more than 16 years of publication, I have transferred ownership of this website and database. Thanks to all my readers who have encouraged me over the years."
July 31, 2021
July 31, 2021
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