Source: TRREB MarketWatch, March 2023

By home type

March 2023

All TRREB areas

Home type SalesMoM $ volume AverageMoM Median NewActive SP/LPLDOMPDOM SNLRMOI
All home types 6,896 +2,113 +44.2% up 2,113, 44.2% versus February 2023 $7.64B $1,108,606 +$12,989 +1.2% up $12,989, 1.2% versus February 2023 $965,000 11,184 10,120 101% 19 27 61.7% 1.5
Detached 3,000 +925 +44.6% up 925, 44.6% versus February 2023 $4.41B $1,468,651 +$28,916 +2.0% up $28,916, 2.0% versus February 2023 $1,300,000 4,972 4,379 101% 17 60.3% 1.5
Semi-detached 556 +157 +39.3% up 157, 39.3% versus February 2023 $604.9M $1,087,924 +$18,658 +1.7% up $18,658, 1.7% versus February 2023 $1,040,000 772 470 105% 13 72.0% 0.8
Att/row/townhouse 640 +177 +38.2% up 177, 38.2% versus February 2023 $663.4M $1,036,571 −$13,771 −1.3% down $13,771, 1.3% versus February 2023 $985,000 916 539 106% 14 69.9% 0.8
Condo townhouse 527 +169 +47.2% up 169, 47.2% versus February 2023 $428.5M $813,036 +$27,588 +3.5% up $27,588, 3.5% versus February 2023 $773,000 842 726 102% 17 62.6% 1.4
Condo apartment 2,121 +666 +45.8% up 666, 45.8% versus February 2023 $1.49B $703,566 −$1,906 −0.3% down $1,906, 0.3% versus February 2023 $638,000 3,600 3,930 99% 24 58.9% 1.9
Link 34 +10 +41.7% up 10, 41.7% versus February 2023 $38.1M $1,120,760 +$1,811 +0.2% up $1,811, 0.2% versus February 2023 $1,070,000 39 20 106% 11 87.2% 0.6
Co-op apartment 8 +4 +100.0% up 4, 100.0% versus February 2023 $3.4M $428,813 −$47,659 −10.0% down $47,659, 10.0% versus February 2023 $350,000 20 25 97% 34 40.0% 3.1
Detached condo 8 +6 +300.0% up 6, 300.0% versus February 2023 $7.6M $951,431 −$93,069 −8.9% down $93,069, 8.9% versus February 2023 $952,500 15 17 100% 31 53.3% 2.1
Co-ownership apartment low sample 2 −1 −33.3% down 1, 33.3% versus February 2023 $822K $411,000 −$67,504 −14.1% down $67,504, 14.1% versus February 2023 $411,000 8 14 92% 84 25.0% 7.0

City of Toronto (416)

Home type SalesMoM $ volume AverageMoM Median NewActive SP/LPLDOMPDOM SNLRMOI
All home types 2,521 +776 +44.5% up 776, 44.5% versus February 2023 $2.66B $1,054,563 −$16,480 −1.5% down $16,480, 1.5% versus February 2023 $850,000 4,318 4,292 101% 20 29 58.4% 1.7
Detached 666 +184 +38.2% up 184, 38.2% versus February 2023 $1.14B $1,708,373 −$3,991 −0.2% down $3,991, 0.2% versus February 2023 $1,375,500 1,126 1,001 102% 16 59.1% 1.5
Semi-detached 202 +58 +40.3% up 58, 40.3% versus February 2023 $255.1M $1,262,629 −$17,751 −1.4% down $17,751, 1.4% versus February 2023 $1,166,111 302 215 106% 16 66.9% 1.1
Att/row/townhouse 76 +19 +33.3% up 19, 33.3% versus February 2023 $94.3M $1,241,364 −$88,655 −6.7% down $88,655, 6.7% versus February 2023 $1,137,500 111 82 105% 18 68.5% 1.1
Condo townhouse 154 +50 +48.1% up 50, 48.1% versus February 2023 $129.6M $841,872 +$14,477 +1.7% up $14,477, 1.7% versus February 2023 $790,000 285 283 103% 17 54.0% 1.8
Condo apartment 1,410 +458 +48.1% up 458, 48.1% versus February 2023 $1.03B $732,944 +$4,673 +0.6% up $4,673, 0.6% versus February 2023 $655,000 2,469 2,675 100% 22 57.1% 1.9
Link low sample 4 +2 +100.0% up 2, 100.0% versus February 2023 $4.7M $1,167,500 +$45,000 +4.0% up $45,000, 4.0% versus February 2023 $1,165,000 2 1 98% 31 200.0% 0.3
Co-op apartment 7 +6 +600.0% up 6, 600.0% versus February 2023 $2.8M $398,643 +$16,643 +4.4% up $16,643, 4.4% versus February 2023 $340,000 14 20 96% 39 50.0% 2.9
Detached condo n/a not available, prior month not on file versus February 2023 n/a not available, prior month not on file versus February 2023
Co-ownership apartment low sample 2 −1 −33.3% down 1, 33.3% versus February 2023 $822K $411,000 −$67,504 −14.1% down $67,504, 14.1% versus February 2023 $411,000 8 14 92% 84 25.0% 7.0

905 total

Home type SalesMoM $ volume AverageMoM Median NewActive SP/LPLDOMPDOM SNLRMOI
All home types 4,375 +1,337 +44.0% up 1,337, 44.0% versus February 2023 $4.99B $1,139,747 +$30,015 +2.7% up $30,015, 2.7% versus February 2023 6,866 5,828 63.7% 1.3
Detached 2,334 +741 +46.5% up 741, 46.5% versus February 2023 $3.27B $1,400,246 +$43,001 +3.2% up $43,001, 3.2% versus February 2023 3,846 3,378 60.7% 1.4
Semi-detached 354 +99 +38.8% up 99, 38.8% versus February 2023 $349.8M $988,233 +$38,185 +4.0% up $38,185, 4.0% versus February 2023 470 255 75.3% 0.7
Att/row/townhouse 564 +158 +38.9% up 158, 38.9% versus February 2023 $569.1M $1,008,975 −$2,102 −0.2% down $2,102, 0.2% versus February 2023 805 457 70.1% 0.8
Condo townhouse 373 +119 +46.9% up 119, 46.9% versus February 2023 $298.8M $801,131 +$32,857 +4.3% up $32,857, 4.3% versus February 2023 557 443 67.0% 1.2
Condo apartment 711 +208 +41.4% up 208, 41.4% versus February 2023 $458.8M $645,305 −$17,018 −2.6% down $17,018, 2.6% versus February 2023 1,131 1,255 62.9% 1.8
Link 30 +8 +36.4% up 8, 36.4% versus February 2023 $33.4M $1,114,528 −$4,098 −0.4% down $4,098, 0.4% versus February 2023 37 19 81.1% 0.6
Co-op apartment low sample 1 −2 −66.7% down 2, 66.7% versus February 2023 $640K $640,000 +$132,037 +26.0% up $132,037, 26.0% versus February 2023 6 5 16.7% 5.0
Detached condo n/a not available, prior month not on file versus February 2023 n/a not available, prior month not on file versus February 2023
Co-ownership apartment low sample 0 no change no change versus February 2023 $0 n/a not available, prior month not on file versus February 2023 0 0

Trends

All TRREB areas · 13 months to March 2023

Average price

Average price by home type over the 13 months ending March 2023.
Month DetachedSemi-detachedAtt/row/townhouseCondo townhouseCondo apartment
Mar '22 169739613170481212542948292808566
Apr '22 162834312592431119648909207789869
May '22 154949812048931063177857113770894
Jun '22 145490211247231028977825447747216
Jul '22 13625981077750997668799953719273
Aug '22 1379700998490987308789386711321
Sep '22 13691861043120990242803964730818
Oct '22 137243810793931023934802969716515
Nov '22 13901621039200993557799029708636
Dec '22 13845861009479954312772038705659
Jan '23 13418481019668976500776698687696
Feb '23 143973510692661050342785448705472
Mar '23 146865110879241036571813036703566

Sales

Sales by home type over the 13 months ending March 2023.
Month DetachedSemi-detachedAtt/row/townhouseCondo townhouseCondo apartment
Mar '22 48849839728703154
Apr '22 36008027166522173
May '22 33667527295221848
Jun '22 30126345805171678
Jul '22 22034744293871365
Aug '22 25955265244111507
Sep '22 23345014353951317
Oct '22 23004464353871338
Nov '22 20563864033711289
Dec '22 1352238266258966
Jan '23 1384240277222950
Feb '23 20753994633581455
Mar '23 30005566405272121

Sales-to-new-listings

Sales-to-new-listings ratio by home type over the 13 months ending March 2023.
Month DetachedSemi-detachedAtt/row/townhouseCondo townhouseCondo apartment
Mar '22 51.7976455615653954.7327394209354246.6410748560460757.4257425742574262.579365079365076
Apr '22 41.7197821300266646.7911318553092240.797720797720845.0899031811894946.0088926529748
May '22 38.2326215356656144.7086801426872843.0851063829787236.9426751592356737.29566094853683
Jun '22 39.49645948072383647.45508982035928444.4444444444444439.10741301059001536.156000861883214
Jul '22 40.0836972343522653.9863325740318945.1578947368421140.1036269430051837.37677984665936
Aug '22 53.7712391214256166.1635220125786163.8246041412911147.5694444444444447.93256997455471
Sep '22 45.02314814814814560.3614457831325353.9702233250620445.4545454545454538.118668596237335
Oct '22 47.7475607224413561.17969821673525458.15508021390374450.1945525291828841.28355445850047
Nov '22 51.9979767324228763.3825944170771855.3571428571428656.46879756468797544.89724834552421
Dec '22 77.12492869366881.2286689419795284.1772151898734291.1660777385159169.39655172413794
Jan '23 42.1437271619975651.6129032258064546.3986599664991642.12523719165085434.45774392455568
Feb '23 56.9116840373011567.9727427597955770.7951070336391657.64895330112721452.020021451555245
Mar '23 60.3378921962992872.0207253886010469.8689956331877762.58907363420427658.916666666666664

Average price change, month-over-month

  • Detached +2.0% up 2.0% versus February 2023
  • Semi-detached +1.7% up 1.7% versus February 2023
  • Att/row/townhouse −1.3% down 1.3% versus February 2023
  • Condo townhouse +3.5% up 3.5% versus February 2023
  • Condo apartment −0.3% down 0.3% versus February 2023

Year to date

Home typeSales$ volumeAverageMedian
All home types 14,750 $16.07B $1,089,819 $940,000
Detached
Semi-detached
Att/row/townhouse
Condo townhouse
Condo apartment
Link
Co-op apartment
Detached condo
Co-ownership apartment