What Can $1 Million Get You In Toronto?
Find Out Now
Do you want content like this delivered to your inbox?
Share

Toronto Market Report

December 2020


Share

Toronto Real Estate Market Update - December 2020

Sylvia Schmidt

Enthusiasm and a zest for life are two of the driving forces behind my real estate practice – and my life...

Enthusiasm and a zest for life are two of the driving forces behind my real estate practice – and my life...

Jan 7 2 minutes read

If you’re thinking about selling your home, it's important to have a good understanding of what’s going on in the Toronto market.

Knowing the most important data such as the average sales price, the number of homes sold, and days on market will better prepare you to sell your home.

My December market report showcases everything you need to know about the local Toronto real estate trends.

While the housing market as a whole recovered strongly in 2020, there was a dichotomy between single-family homes and condominiums. The supply of single-family homes remained constrained resulting in strong competition between buyers and double-digit price increases. In contrast, growth in condo listings far-outstripped growth in sales. Increased choice for condo buyers ultimately led to more bargaining power and a year-over-year dip in average condo selling prices during the last few months of the year.

 

$894,576

Average Sales Price

1.1% Since same time last year

43

Average Days on Market

2

Months of Supply

 

1,475,758

Detached Average 

Sales Price


 8.2% Since same time last year

1,160,108 

Semi-Detached 

Average Sales Price


↑ 15.5% Since same time last year

1,125,972

Row/Townhouse

Average Sales Price


 17.7% Since same time last year

 

625,828

Condo Apartment 

Average Sales Price


 4.6% Since same time last year

730,742

Condo Townhouse 

Average Sales Price


↑ 13.7% Since same time last year


Homes Sold

100%

Sale-to-List Price


Curious about what
your home is worth now?

I'm able to explain what these numbers mean for you and your home's current market value. 

We use cookies to enhance your browsing experience and deliver our services. By continuing to visit this site, you agree to our use of cookies. More info