Average price — Mean sale price across all transactions. Sensitive to the mix of homes that sold.
$1,089,536
MoM −$18,917 −1.7% down $18,917, 1.7% versus May 2021 YoY +17.0% up 17.0% versus June 2020
Source: TRREB MarketWatch, June 2021
Greater Toronto Area · TRREB MarketWatch
GTA Real Estate Market Report
June 2021
In June 2021 the average selling price across the Greater Toronto Area edged down 1.7% to $1,089,536 versus May 2021, and sales fell 7.1% to 11,106.
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.
$935,000
MoM −$10,000 −1.1% down $10,000, 1.1% versus May 2021 YoY +17.6% up 17.6% versus June 2020
MLS® HPI benchmark — Quality-adjusted price for a typical home. The cleanest like-for-like price signal.
$1,050,300
MoM +$4,500 +0.4% up $4,500, 0.4% versus May 2021 YoY +19.9% up 19.9% versus June 2020
Sales — Firm transactions reported through the MLS® System during the month.
11,106
MoM −845 −7.1% down 845, 7.1% versus May 2021 YoY +27.6% up 27.6% versus June 2020
Dollar volume — Total value of all sales in the month.
$12.10B
MoM −$1,146,728,692 −8.7% down $1,146,728,692, 8.7% versus May 2021 YoY +49.4% up 49.4% versus June 2020
New listings — Properties newly listed during the month.
16,189
MoM −2,397 −12.9% down 2,397, 12.9% versus May 2021 YoY +0.2% up 0.2% versus June 2020
Active listings — Listings available at month end.
11,297
MoM −956 −7.8% down 956, 7.8% versus May 2021 YoY −19.3% down 19.3% versus June 2020
Avg. LDOM — Average days on market for the current listing. Not reported before 2020.
13
MoM +2 days +18.2% up 2 days, 18.2% versus May 2021 YoY −27.8% down 27.8% versus June 2020
Avg. PDOM — Average days on market across the property’s consecutive listings. Not reported before 2020.
17
MoM +2 days +13.3% up 2 days, 13.3% versus May 2021 YoY −34.6% down 34.6% versus June 2020
Avg. SP/LP — Average sale price as a share of list price. Above 100% means competing offers were common.
105%
MoM −1.0 pp −0.9% down 1.0 pp, 0.9% versus May 2021 YoY +5.0% up 5.0% versus June 2020
SNLR — Sales-to-new-listings ratio, computed here from this month’s counts. Below 40% favours buyers, above 60% favours sellers.
68.6%
MoM +4.3 pp +6.7% up 4.3 pp, 6.7% versus May 2021 YoY +27.4% up 27.4% versus June 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.
1.0
MoM −0 −0.8% down 0, 0.8% versus May 2021 YoY −36.8% down 36.8% versus June 2020
The month in 60 seconds
- Across all TRREB areas, new listings dropped 12.9% to 16,189 versus May 2021.
- Across all TRREB areas, active listings fell 7.8% to 11,297 versus May 2021.
- Across all TRREB areas, sales fell 7.1% to 11,106 versus May 2021.
- Across all TRREB areas, the average selling price edged down 1.7% to $1,089,536 versus May 2021.
- Across all TRREB areas, the median selling price edged down 1.1% to $935,000 versus May 2021.
Generated from the figures above. Ordered by size of month-over-month move.
Economy
Indicators published with this edition
Real GDP growth
5.7%
Q1 2021
Toronto employment growth
9.2%
May 2021
Toronto unemployment rate
9.6%
May 2021
Inflation (CPI, year-over-year)
3.6%
May 2021
Bank of Canada overnight rate
0.25%
June 2021
Prime rate
2.45%
June 2021
1-year mortgage rate
2.79%
June 2021
3-year mortgage rate
3.49%
June 2021
5-year mortgage rate
4.79%
June 2021
By home type
All TRREB areas
| Home type | Sales | MoM | Average price | MoM | YoY |
|---|---|---|---|---|---|
| Detached | 5,169 | −549 −9.6% down 549, 9.6% versus May 2021 | $1,407,540 | −$8,158 −0.6% down $8,158, 0.6% versus May 2021 | +24.8% up 24.8% |
| Semi-detached | 1,056 | −177 −14.4% down 177, 14.4% versus May 2021 | $1,055,640 | −$8,721 −0.8% down $8,721, 0.8% versus May 2021 | +13.6% up 13.6% |
| Att/row/townhouse | 1,079 | −136 −11.2% down 136, 11.2% versus May 2021 | $945,212 | −$4,771 −0.5% down $4,771, 0.5% versus May 2021 | +20.2% up 20.2% |
| Condo townhouse | 892 | −75 −7.8% down 75, 7.8% versus May 2021 | $755,622 | −$5,644 −0.7% down $5,644, 0.7% versus May 2021 | +15.4% up 15.4% |
| Condo apartment | 2,800 | +90 +3.3% up 90, 3.3% versus May 2021 | $683,479 | +$1,199 +0.2% up $1,199, 0.2% versus May 2021 | +8.2% up 8.2% |
| Link | 82 | no change no change versus May 2021 | $1,009,476 | +$55,143 +5.8% up $55,143, 5.8% versus May 2021 | +32.1% up 32.1% |
| Co-op apartment | 13 | +9 +225.0% up 9, 225.0% versus May 2021 | $614,377 | −$275,598 −31.0% down $275,598, 31.0% versus May 2021 | +5.1% up 5.1% |
| Detached condo | 14 | −1 −6.7% down 1, 6.7% versus May 2021 | $807,614 | −$179,359 −18.2% down $179,359, 18.2% versus May 2021 | +1.3% up 1.3% |
| Co-ownership apartment | 1 | −6 −85.7% down 6, 85.7% versus May 2021 | $350,000 | −$196,571 −36.0% down $196,571, 36.0% versus May 2021 | −20.1% down 20.1% |
Average price by home type
13 months to June 2021
| Month | Detached | Semi-detached | Att/row/townhouse | Condo townhouse | Condo apartment |
|---|---|---|---|---|---|
| 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 |
| May '21 | 1415698 | 1064361 | 949983 | 761266 | 682280 |
| Jun '21 | 1407540 | 1055640 | 945212 | 755622 | 683479 |
Movers this month
Ranked across 55 of the 55 required areas · minimum 10 sales to qualify
Average price, month-over-month
Top 5
- Toronto W07 +20.6% up 20.6%
- Toronto C15 +18.6% up 18.6%
- Toronto C09 +14.7% up 14.7%
- Toronto W01 +9.8% up 9.8%
- Brock +9.6% up 9.6%
Bottom 5
- King −17.1% down 17.1%
- Toronto C03 −12.6% down 12.6%
- Toronto C02 −9.1% down 9.1%
- Toronto E08 −8.1% down 8.1%
- Markham −8.0% down 8.0%
Sales, month-over-month
Top 5
- Toronto C02 +15.0% up 15.0%
- Toronto C07 +11.5% up 11.5%
- Toronto W06 +11.5% up 11.5%
- Toronto C14 +10.5% up 10.5%
- Toronto E08 +7.3% up 7.3%
Bottom 5
- Toronto C12 −42.9% down 42.9%
- Toronto W01 −35.2% down 35.2%
- King −31.8% down 31.8%
- Toronto C13 −31.4% down 31.4%
- Toronto W07 −29.0% down 29.0%
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
68.6%
prior month 64.3%
Months of inventory
1.0
All TRREB areas sits in a seller's market: 68.6% of new listings sold and 1.0 months of inventory on hand.
City of Toronto (416)
SNLR
60.3%
prior month 58.4%
Months of inventory
1.3
City of Toronto (416) sits in a seller's market: 60.3% of new listings sold and 1.3 months of inventory on hand.
905 total
SNLR
74.0%
prior month 67.9%
Months of inventory
0.8
905 total sits in a seller's market: 74.0% 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
$835,200
- Sales
- 872
- SNLR
- 60.3%
- MOI
- 1.5
Aggregated across 2 districts · View →
Midtown
$1,730,674
- Sales
- 438
- SNLR
- 54.3%
- MOI
- 1.7
Aggregated across 6 districts · View →
Scarborough
$860,879
- Sales
- 693
- SNLR
- 68.9%
- MOI
- 0.9
Aggregated across 8 districts · View →
York Region
$1,241,833
- Sales
- 2,015
- SNLR
- 69.1%
- MOI
- 1.2
Region total · View →
Durham Region
$917,267
- Sales
- 1,425
- SNLR
- 86.1%
- 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.