Average price — Mean sale price across all transactions. Sensitive to the mix of homes that sold.
$1,090,992
MoM −$6,573 −0.6% down $6,573, 0.6% versus March 2021 YoY +32.8% up 32.8% versus April 2020
Source: TRREB MarketWatch, April 2021
Greater Toronto Area · TRREB MarketWatch
GTA Real Estate Market Report
April 2021
In April 2021 the average selling price across the Greater Toronto Area held steady at $1,090,992 versus March 2021, and sales dropped 12.7% to 13,663.
Headline indicators
All TRREB areas · all home types
Median price — The midpoint sale price. Less affected by a few very high or low sales than the average.
$940,000
MoM −$5,000 −0.5% down $5,000, 0.5% versus March 2021 YoY +28.4% up 28.4% versus April 2020
MLS® HPI benchmark — Quality-adjusted price for a typical home. The cleanest like-for-like price signal.
$1,025,200
MoM +$17,600 +1.7% up $17,600, 1.7% versus March 2021 YoY +17.8% up 17.8% versus April 2020
Sales — Firm transactions reported through the MLS® System during the month.
13,663
MoM −1,989 −12.7% down 1,989, 12.7% versus March 2021 YoY +359.3% up 359.3% versus April 2020
Dollar volume — Total value of all sales in the month.
$14.91B
MoM −$2,272,860,559 −13.2% down $2,272,860,559, 13.2% versus March 2021 YoY +510.0% up 510.0% versus April 2020
New listings — Properties newly listed during the month.
20,825
MoM −1,884 −8.3% down 1,884, 8.3% versus March 2021 YoY +237.3% up 237.3% versus April 2020
Active listings — Listings available at month end.
11,668
MoM +1,065 +10.0% up 1,065, 10.0% versus March 2021 YoY +10.5% up 10.5% versus April 2020
Avg. LDOM — Average days on market for the current listing. Not reported before 2020.
10
MoM no change no change versus March 2021 YoY −47.4% down 47.4% versus April 2020
Avg. PDOM — Average days on market across the property’s consecutive listings. Not reported before 2020.
14
MoM +1 day +7.7% up 1 day, 7.7% versus March 2021 YoY −41.7% down 41.7% versus April 2020
Avg. SP/LP — Average sale price as a share of list price. Above 100% means competing offers were common.
106%
MoM −1.0 pp −0.9% down 1.0 pp, 0.9% versus March 2021 YoY +8.2% up 8.2% versus April 2020
SNLR — Sales-to-new-listings ratio, computed here from this month’s counts. Below 40% favours buyers, above 60% favours sellers.
65.6%
MoM −3.3 pp −4.8% down 3.3 pp, 4.8% versus March 2021 YoY +36.2% up 36.2% versus April 2020
Months of inventory — Active listings divided by monthly sales — how long the current stock would take to sell. Computed here, not TRREB’s trend figure.
0.8
MoM +0 +26.1% up 0, 26.1% versus March 2021 YoY −75.9% down 75.9% versus April 2020
The month in 60 seconds
- Across all TRREB areas, sales dropped 12.7% to 13,663 versus March 2021.
- Across all TRREB areas, active listings jumped 10.0% to 11,668 versus March 2021.
- Across all TRREB areas, new listings dropped 8.3% to 20,825 versus March 2021.
- Across all TRREB areas, the average sale-to-list ratio held steady at 106.0% versus March 2021.
- Across all TRREB areas, the average selling price held steady at $1,090,992 versus March 2021.
Generated from the figures above. Ordered by size of month-over-month move.
Economy
Indicators published with this edition
Real GDP growth
9.5%
Q4 2020
Toronto employment growth
-3.4%
March 2021
Toronto unemployment rate
10.3%
March 2021
Inflation (CPI, year-over-year)
2.2%
March 2021
Bank of Canada overnight rate
0.25%
April 2021
Prime rate
2.45%
April 2021
1-year mortgage rate
2.79%
April 2021
3-year mortgage rate
3.49%
April 2021
5-year mortgage rate
4.79%
April 2021
By home type
All TRREB areas
| Home type | Sales | MoM | Average price | MoM | YoY |
|---|---|---|---|---|---|
| Detached | 6,516 | −1,061 −14.0% down 1,061, 14.0% versus March 2021 | $1,387,629 | −$15,220 −1.1% down $15,220, 1.1% versus March 2021 | +41.1% up 41.1% |
| Semi-detached | 1,304 | −175 −11.8% down 175, 11.8% versus March 2021 | $1,068,923 | +$23,404 +2.2% up $23,404, 2.2% versus March 2021 | +23.4% up 23.4% |
| Att/row/townhouse | 1,310 | −172 −11.6% down 172, 11.6% versus March 2021 | $946,412 | −$5,572 −0.6% down $5,572, 0.6% versus March 2021 | +28.6% up 28.6% |
| Condo townhouse | 1,123 | −26 −2.3% down 26, 2.3% versus March 2021 | $753,943 | −$11,578 −1.5% down $11,578, 1.5% versus March 2021 | +22.8% up 22.8% |
| Condo apartment | 3,290 | −531 −13.9% down 531, 13.9% versus March 2021 | $691,791 | +$15,739 +2.3% up $15,739, 2.3% versus March 2021 | +19.6% up 19.6% |
| Link | 93 | −6 −6.1% down 6, 6.1% versus March 2021 | $968,531 | −$28,553 −2.9% down $28,553, 2.9% versus March 2021 | +37.3% up 37.3% |
| Co-op apartment | 12 | −12 −50.0% down 12, 50.0% versus March 2021 | $568,541 | −$102,781 −15.3% down $102,781, 15.3% versus March 2021 | +90.8% up 90.8% |
| Detached condo | 8 | −5 −38.5% down 5, 38.5% versus March 2021 | $884,938 | −$8,524 −1.0% down $8,524, 1.0% versus March 2021 | +75.9% up 75.9% |
| Co-ownership apartment | 7 | −1 −12.5% down 1, 12.5% versus March 2021 | $587,059 | +$172,934 +41.8% up $172,934, 41.8% versus March 2021 | +18.0% up 18.0% |
Average price by home type
13 months to April 2021
| Month | Detached | Semi-detached | Att/row/townhouse | Condo townhouse | Condo apartment |
|---|---|---|---|---|---|
| Apr '20 | 983630 | 865971 | 735818 | 614162 | 578283 |
| May '20 | 1033341 | 867717 | 743380 | 618532 | 625445 |
| Jun '20 | 1127419 | 929138 | 786390 | 654897 | 631704 |
| Jul '20 | 1154356 | 915451 | 795330 | 647470 | 635778 |
| Aug '20 | 1172880 | 905712 | 806239 | 660177 | 629643 |
| Sep '20 | 1184700 | 922269 | 822046 | 656991 | 634756 |
| Oct '20 | 1204844 | 935429 | 821590 | 662572 | 622122 |
| Nov '20 | 1202281 | 946735 | 833114 | 657370 | 605863 |
| Dec '20 | 1240632 | 939660 | 871210 | 669204 | 600840 |
| Jan '21 | 1359915 | 996794 | 913923 | 699713 | 600830 |
| Feb '21 | 1371791 | 1050820 | 941037 | 744854 | 642346 |
| Mar '21 | 1402849 | 1045519 | 951984 | 765521 | 676052 |
| Apr '21 | 1387629 | 1068923 | 946412 | 753943 | 691791 |
Movers this month
Ranked across 55 of the 55 required areas · minimum 10 sales to qualify
Average price, month-over-month
Top 5
- Toronto C13 +16.8% up 16.8%
- Toronto C10 +14.0% up 14.0%
- Brock +11.0% up 11.0%
- Toronto E06 +10.2% up 10.2%
- Toronto C07 +9.4% up 9.4%
Bottom 5
- Toronto C12 −17.6% down 17.6%
- Toronto C04 −8.9% down 8.9%
- Toronto E05 −8.0% down 8.0%
- Toronto E08 −6.4% down 6.4%
- Toronto C09 −5.2% down 5.2%
Sales, month-over-month
Top 5
- Brock +14.7% up 14.7%
- Toronto W01 +11.0% up 11.0%
- Toronto C11 +7.4% up 7.4%
- Toronto W03 +5.5% up 5.5%
- Toronto C10 +5.4% up 5.4%
Bottom 5
- Toronto C12 −31.7% down 31.7%
- Whitby −25.4% down 25.4%
- Newmarket −25.4% down 25.4%
- Georgina −23.1% down 23.1%
- Toronto C07 −22.9% down 22.9%
Areas below the sales threshold are excluded — with a handful of sales, a couple of transactions can invent a swing that is not a market move.
Market balance
Sales-to-new-listings and months of inventory, computed from this month’s counts
All TRREB areas
SNLR
65.6%
prior month 68.9%
Months of inventory
0.8
All TRREB areas sits in a seller's market: 65.6% of new listings sold and 0.8 months of inventory on hand.
City of Toronto (416)
SNLR
62.8%
prior month 71.2%
Months of inventory
1.0
City of Toronto (416) sits in a seller's market: 62.8% of new listings sold and 1.0 months of inventory on hand.
905 total
SNLR
67.2%
prior month 67.9%
Months of inventory
0.8
905 total sits in a seller's market: 67.2% of new listings sold and 0.8 months of inventory on hand.
These are computed here from the month’s raw counts. TRREB also publishes its own trend-smoothed SNLR and months-of-inventory figures, which are shown separately on the area pages and are not the same measure.
Where I work
Downtown TorontoMidtownScarboroughYork RegionDurham Region
Downtown
$870,385
- Sales
- 1,028
- SNLR
- 59.7%
- MOI
- 1.1
Aggregated across 2 districts · View →
Midtown
$1,656,819
- Sales
- 526
- SNLR
- 61.4%
- MOI
- 1.2
Aggregated across 6 districts · View →
Scarborough
$893,287
- Sales
- 840
- SNLR
- 66.9%
- MOI
- 0.8
Aggregated across 8 districts · View →
York Region
$1,283,286
- Sales
- 2,454
- SNLR
- 60.9%
- MOI
- 1.1
Region total · View →
Durham Region
$897,741
- Sales
- 1,771
- SNLR
- 75.8%
- MOI
- 0.5
Region total · View →
Average price for a multi-district group is weighted by dollar volume, not an average of averages — that would give a district with three sales the same weight as one with three hundred.