Real Estate Market Update | Toronto, Dec. 2018

ūüďąQUICK HIGHLIGHTS


 $750,180: Average selling price

 

ūüŹ°¬†AVERAGE SALE PRICES by HOME TYPE

 

$1,145,892 (340 sales) – Detached

¬†$989,859 (116 sales) –¬†Semi-detached

$594,381 (848 sales)- Condo


‚úĒ¬†OTHER FACTS

 

+2.1% : Sale price change Y/Y

31 : Average days on market

3,781 : Properties sold this month

4,308 : New Listings


ūüďʬ†CONCLUSION

Higher borrowing costs and mortgage stress testing are causing the Toronto and area market place to moderate. Market conditions experienced in last quarter of 2018 can be expected to continue into early 2019. Overall continued moderation in average prices and sales will be the norm with some buyers continuing to struggle to find available properties in some Toronto neighbourhoods.

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