Average price — Mean sale price across all transactions. Sensitive to the mix of homes that sold.
$1,254,436
MoM −$45,458 −3.5% down $45,458, 3.5% versus March 2022 YoY +15.0% up 15.0% versus April 2021
Source: TRREB MarketWatch, April 2022
Greater Toronto Area · TRREB MarketWatch
GTA Real Estate Market Report
April 2022
In April 2022 the average selling price across the Greater Toronto Area fell 3.5% to $1,254,436 versus March 2022, and sales dropped 26.9% to 8,008.
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.
$1,098,000
MoM −$67,000 −5.8% down $67,000, 5.8% versus March 2022 YoY +16.8% up 16.8% versus April 2021
MLS® HPI benchmark — Quality-adjusted price for a typical home. The cleanest like-for-like price signal.
$1,354,000
MoM −$22,000 −1.6% down $22,000, 1.6% versus March 2022 YoY +30.6% up 30.6% versus April 2021
Sales — Firm transactions reported through the MLS® System during the month.
8,008
MoM −2,947 −26.9% down 2,947, 26.9% versus March 2022 YoY −41.4% down 41.4% versus April 2021
Dollar volume — Total value of all sales in the month.
$10.05B
MoM −$4,194,816,979 −29.5% down $4,194,816,979, 29.5% versus March 2022 YoY −32.6% down 32.6% versus April 2021
New listings — Properties newly listed during the month.
18,413
MoM −1,625 −8.1% down 1,625, 8.1% versus March 2022 YoY −11.6% down 11.6% versus April 2021
Active listings — Listings available at month end.
13,098
MoM +2,931 +28.8% up 2,931, 28.8% versus March 2022 YoY +12.3% up 12.3% versus April 2021
Avg. LDOM — Average days on market for the current listing. Not reported before 2020.
11
MoM +3 days +37.5% up 3 days, 37.5% versus March 2022 YoY +10.0% up 10.0% versus April 2021
Avg. PDOM — Average days on market across the property’s consecutive listings. Not reported before 2020.
14
MoM +3 days +27.3% up 3 days, 27.3% versus March 2022 YoY no change no change versus April 2021
Avg. SP/LP — Average sale price as a share of list price. Above 100% means competing offers were common.
107%
MoM −6.0 pp −5.3% down 6.0 pp, 5.3% versus March 2022 YoY +0.9% up 0.9% versus April 2021
SNLR — Sales-to-new-listings ratio, computed here from this month’s counts. Below 40% favours buyers, above 60% favours sellers.
43.5%
MoM −11.2 pp −20.4% down 11.2 pp, 20.4% versus March 2022 YoY −33.7% down 33.7% versus April 2021
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.
1.6
MoM +1 +76.2% up 1, 76.2% versus March 2022 YoY +91.5% up 91.5% versus April 2021
The month in 60 seconds
- Across all TRREB areas, active listings jumped 28.8% to 13,098 versus March 2022.
- Across all TRREB areas, sales dropped 26.9% to 8,008 versus March 2022.
- Across all TRREB areas, new listings dropped 8.1% to 18,413 versus March 2022.
- Across all TRREB areas, the median selling price fell 5.8% to $1,098,000 versus March 2022.
- Across all TRREB areas, the average sale-to-list ratio fell 5.3% to 107.0% versus March 2022.
Generated from the figures above. Ordered by size of month-over-month move.
Economy
Indicators published with this edition
Real GDP growth
6.6%
Q4 2021
Toronto employment growth
7.8%
March 2022
Toronto unemployment rate
7.2%
March 2022
Inflation (CPI, year-over-year)
6.7%
March 2022
Bank of Canada overnight rate
1%
April 2022
Prime rate
3.2%
April 2022
1-year mortgage rate
3.29%
April 2022
3-year mortgage rate
4.09%
April 2022
5-year mortgage rate
4.99%
April 2022
By home type
All TRREB areas
| Home type | Sales | MoM | Average price | MoM | YoY |
|---|---|---|---|---|---|
| Detached | 3,600 | −1,284 −26.3% down 1,284, 26.3% versus March 2022 | $1,628,343 | −$69,053 −4.1% down $69,053, 4.1% versus March 2022 | +17.3% up 17.3% |
| Semi-detached | 802 | −181 −18.4% down 181, 18.4% versus March 2022 | $1,259,243 | −$57,805 −4.4% down $57,805, 4.4% versus March 2022 | +17.8% up 17.8% |
| Att/row/townhouse | 716 | −256 −26.3% down 256, 26.3% versus March 2022 | $1,119,648 | −$92,894 −7.7% down $92,894, 7.7% versus March 2022 | +18.3% up 18.3% |
| Condo townhouse | 652 | −218 −25.1% down 218, 25.1% versus March 2022 | $909,207 | −$39,085 −4.1% down $39,085, 4.1% versus March 2022 | +20.6% up 20.6% |
| Condo apartment | 2,173 | −981 −31.1% down 981, 31.1% versus March 2022 | $789,869 | −$18,697 −2.3% down $18,697, 2.3% versus March 2022 | +14.2% up 14.2% |
| Link | 38 | −28 −42.4% down 28, 42.4% versus March 2022 | $1,076,579 | −$121,399 −10.1% down $121,399, 10.1% versus March 2022 | +11.2% up 11.2% |
| Co-op apartment | 11 | no change no change versus March 2022 | $726,000 | +$106,000 +17.1% up $106,000, 17.1% versus March 2022 | +27.7% up 27.7% |
| Detached condo | 8 | −2 −20.0% down 2, 20.0% versus March 2022 | $1,103,375 | −$228,825 −17.2% down $228,825, 17.2% versus March 2022 | +24.7% up 24.7% |
| Co-ownership apartment | 8 | +3 +60.0% up 3, 60.0% versus March 2022 | $625,000 | +$110,320 +21.4% up $110,320, 21.4% versus March 2022 | +6.5% up 6.5% |
Average price by home type
13 months to April 2022
| Month | Detached | Semi-detached | Att/row/townhouse | Condo townhouse | Condo apartment |
|---|---|---|---|---|---|
| Apr '21 | 1387629 | 1068923 | 946412 | 753943 | 691791 |
| May '21 | 1415698 | 1064361 | 949983 | 761266 | 682280 |
| Jun '21 | 1407540 | 1055640 | 945212 | 755622 | 683479 |
| Jul '21 | 1405478 | 1027895 | 950038 | 748433 | 674490 |
| Aug '21 | 1423807 | 1031580 | 977127 | 764742 | 688568 |
| Sep '21 | 1526465 | 1114696 | 1016269 | 789983 | 708521 |
| Oct '21 | 1540432 | 1151770 | 1085547 | 823017 | 703698 |
| Nov '21 | 1567832 | 1206016 | 1095570 | 826475 | 715104 |
| Dec '21 | 1598735 | 1181046 | 1136657 | 846525 | 711933 |
| Jan '22 | 1741318 | 1312273 | 1221726 | 936264 | 748566 |
| Feb '22 | 1797203 | 1358415 | 1254460 | 963700 | 799966 |
| Mar '22 | 1697396 | 1317048 | 1212542 | 948292 | 808566 |
| Apr '22 | 1628343 | 1259243 | 1119648 | 909207 | 789869 |
Movers this month
Ranked across 55 of the 55 required areas · minimum 10 sales to qualify
Average price, month-over-month
Top 5
- Toronto C11 +49.9% up 49.9%
- Toronto W02 +18.6% up 18.6%
- Toronto C12 +14.5% up 14.5%
- Toronto C02 +11.4% up 11.4%
- Toronto C15 +9.6% up 9.6%
Bottom 5
- Brock −18.9% down 18.9%
- Whitchurch-Stouffville −18.6% down 18.6%
- King −18.0% down 18.0%
- Toronto E06 −13.9% down 13.9%
- Toronto W01 −11.9% down 11.9%
Sales, month-over-month
Top 5
- Toronto C06 +30.0% up 30.0%
- Toronto E02 +18.2% up 18.2%
- Toronto W05 +5.9% up 5.9%
- Scugog +3.2% up 3.2%
- Toronto W04 −2.0% down 2.0%
Bottom 5
- Brock −60.6% down 60.6%
- Toronto E10 −43.3% down 43.3%
- Aurora −42.9% down 42.9%
- Toronto C08 −41.9% down 41.9%
- East Gwillimbury −41.9% down 41.9%
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
43.5%
prior month 54.7%
Months of inventory
1.6
All TRREB areas reads differently on the two balance measures — balanced conditions at 43.5% sales-to-new-listings, but a seller's market at 1.6 months of inventory. They measure different things, so the split is worth noting.
City of Toronto (416)
SNLR
49.1%
prior month 60.9%
Months of inventory
1.6
City of Toronto (416) reads differently on the two balance measures — balanced conditions at 49.1% sales-to-new-listings, but a seller's market at 1.6 months of inventory. They measure different things, so the split is worth noting.
905 total
SNLR
40.7%
prior month 51.7%
Months of inventory
1.7
905 total reads differently on the two balance measures — balanced conditions at 40.7% sales-to-new-listings, but a seller's market at 1.7 months of inventory. They measure different things, so the split is worth noting.
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
$959,238
- Sales
- 607
- SNLR
- 44.7%
- MOI
- 1.9
Aggregated across 2 districts · View →
Midtown
$1,921,104
- Sales
- 368
- SNLR
- 50.1%
- MOI
- 1.6
Aggregated across 6 districts · View →
Scarborough
$1,040,495
- Sales
- 506
- SNLR
- 47.5%
- MOI
- 1.4
Aggregated across 8 districts · View →
York Region
$1,426,650
- Sales
- 1,230
- SNLR
- 37.6%
- MOI
- 2.2
Region total · View →
Durham Region
$1,075,332
- Sales
- 1,089
- SNLR
- 46.6%
- MOI
- 1.2
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.