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Number of sales

  • 2016
  • 2017
  • 2018

Average Prices

  • 2016
  • 2017
  • 2018

Total number of sales
2018: 7,394
2017: 8,771
2016: 10,964
Source: Toronto Real Estate Board

Average prices
2018: $696,345
2017: $699,295
2016: $584,676

2018 Average Prices
Detached homes: $813,581
Semi-detached: $635,139
Freehold townhomes: $603,281
Condo townhouses: $471,726
Condo apartments: $365,516

NUMBER OF SALES IN 2018

Freehold townhomes: 1,028
Condo townhouses: 499
Condo apartments: 507
Semi-detacheds: 1,368
Detached homes: 3,940

What Can Your Home Sell For In 2019? Find Out For Free.

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In Summary:

  • Everyone remembers the crazy market in the first half of 2017. Everything was selling with multiple offers.
  • The market cooled off near the end of 2017 and took a few months to bounce back.
  • It was nearly impossible to compete with 2017. The average prices have stayed about the same from 2017 to 2018.
  • Number of sales were down by about 15%.
  • What will happen in 2019? No one has a crystal ball but assuming the mortgage rates don’t go up too much the market should slowly continue to creep back up. Not sure if it’ll hit 10,000 sales this year but it should be better than 2018 (for sales and average prices).

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Is Winter a good time to sell?

There are 2 key benefits of selling in the winter.

  1. Less competition. Everyone is waiting till the spring to sell.
  2. The buyers that do come through your house will be more serious. Casual buyers always enjoy looking at houses when the weather is nice (even though they might not buy). Only serious buyers go out in the winter.