October 2019 Toronto Real Estate Market Report

Toronto Real Estate Board President Michael Collins announced that Greater Toronto Area REALTORS® reported 8,491 residential sales through TREB's MLS® System in October 2019. This result represented a 14 per cent increase compared to 7,448 sales reported in October 2018. GTA-wide, sales were up on a year-over-year basis for all major home types.

The trend of annual growth in sales versus annual decline in new listings continued in October 2019, with new listings down by 9.6 per cent compared to October 2018. The resulting tighter market conditions compared to a year ago resulted in positive annual rates of price growth across all major market segments, from a GTA-wide perspective.

The MLS® Home Price Index Composite Benchmark was up by 5.8 per cent on a year-over-year basis in October 2019 – the strongest annual rate of growth since December 2017. The average selling price for all home types combined was up by 5.5 per cent to $852,142, compared to $807,538 in October 2018.

"As market conditions in the GTA have steadily tightened throughout 2019, we have seen an acceleration in the annual rate of price growth. While the current pace of price growth remains moderate, we will likely see stronger price growth moving forward if sales growth continues to outpace listings growth, leading to more competition between home buyers," said Jason Mercer, TREB's Chief Market Analyst.

SALES & AVERAGE PRICE - City of Toronto 

October 2019

Detached

1,9034 sales

$1,323,015

Townhouse

239 sales

$715,936

Semi-Detached

322 sales

$1,099,802

Condo

1,075 sales

$662,631

Popular Communities Westside - Sales & Average Price

October 2019

W01

High Park Swansea South Parkdale Roncesvalles

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W02

High Park North-Junction Area-Lambton Baby Point-Runnymede Bloor West

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W06

Alderwood-Long Branch-Mimico-New Toronto

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Popular Communities Eastside - Sales & Average Price

October 2019

E01

North Riverdale South Riverdale Blake-Jones Greenwood-Coxwell

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E03

Broadview North Playter Estates East York Danforth Village  East  Danforth

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Popular Communities Central - Sales & Average Price

October 2019

C01

Dufferin Grove Little Portugal Palmerston-Little italy Trinity Bellwoods Niagara University Kensington Chinatown Bay Street Corridor Waterfront Communities

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C04

Englemount Lawrence Forest Hill North Lawrence Park South Lawrence Park North Bedford Park Nortown

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C10

Mount Pleasant East Mount Pleasant West

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C11

Leaside Thorncliffe Park

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