Toronto Detached SFD, Town House and Condo Prices
The chart above shows average Toronto Detached SFD, Townhouse and Condo prices. In April 2013, detached house prices ticked down after setting a new record high on the previous month while townhouse and condo prices were held back at their highs as well (Scorecard). The near term enthusiasm of Toronto buyers is dampened by the negative Y/Y sales and the continuation of eroding momentum on the SFD Y/Y price chart as demand slumps at the flat line. Combined residential inventory continues to build at 13.5% Y/Y and M/M. For more contrast, see the comparison of Vancouver vs Toronto and if you are a Toronto market watcher, VOTE HERE; let's see what you think average SFD prices will be one year from now.
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.