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Toronto Real Estate Board Marketwatch Report
2021 had 121,712 sales up 7.7% from the previous 2016 high of 113,040 and up 25% compared to 2020. December 2021 had 6,031 sales down by more than 1,000 compared to 7,154 set in December 2020. Market conditions continued to tighten with sales accounting for a greater share of new listings compared to last year. New Listings were down 11.9% at 5,174 compared to 5,870 in December 2020.
Average sales price in was up 17.8% from $955,889 in December2020 to $1,157,849 in December 2021. The overall average selling price was up by 24.2% annually.
Days on the market were 14 in December 2021 compared to 24 days in December 2020 - down 41.2%
Again, like in previous months, sales activity was extremely strong in November in the ground-oriented home types as well as the condominium market due to low inventory and record low interest rates.
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| files_pdf_market-stats_market-watch_mw2112.pdf | 455.94 KB |