Source: TRREB MarketWatch, May 2023

By home type

May 2023

All TRREB areas

Home type SalesMoM $ volume AverageMoM Median NewActive SP/LPLDOMPDOM SNLRMOI
All home types 9,012 +1,481 +19.7% up 1,481, 19.7% versus April 2023 $10.78B $1,196,101 +$42,832 +3.7% up $42,832, 3.7% versus April 2023 $1,035,000 15,194 11,868 105% 14 20 59.3% 1.3
Detached 4,049 +601 +17.4% up 601, 17.4% versus April 2023 $6.30B $1,556,566 +$67,308 +4.5% up $67,308, 4.5% versus April 2023 $1,360,000 7,212 5,474 104% 13 56.1% 1.4
Semi-detached 787 +157 +24.9% up 157, 24.9% versus April 2023 $943.0M $1,198,185 +$62,586 +5.5% up $62,586, 5.5% versus April 2023 $1,122,000 1,165 601 111% 9 67.5% 0.8
Att/row/townhouse 824 +183 +28.5% up 183, 28.5% versus April 2023 $921.0M $1,117,696 +$24,136 +2.2% up $24,136, 2.2% versus April 2023 $1,057,000 1,251 725 109% 11 65.9% 0.9
Condo townhouse 700 +112 +19.0% up 112, 19.0% versus April 2023 $607.8M $868,318 −$679 −0.1% down $679, 0.1% versus April 2023 $822,250 1,092 790 106% 14 64.1% 1.1
Condo apartment 2,568 +408 +18.9% up 408, 18.9% versus April 2023 $1.92B $748,483 +$24,365 +3.4% up $24,365, 3.4% versus April 2023 $660,000 4,360 4,190 101% 19 58.9% 1.6
Link 43 +4 +10.3% up 4, 10.3% versus April 2023 $46.2M $1,075,188 −$676 −0.1% down $676, 0.1% versus April 2023 $1,081,000 66 28 112% 8 65.2% 0.7
Co-op apartment 15 +4 +36.4% up 4, 36.4% versus April 2023 $8.1M $540,600 +$43,236 +8.7% up $43,236, 8.7% versus April 2023 $465,000 21 25 100% 22 71.4% 1.7
Detached condo 19 +8 +72.7% up 8, 72.7% versus April 2023 $25.2M $1,327,289 +$443,980 +50.3% up $443,980, 50.3% versus April 2023 $1,117,500 19 20 101% 15 100.0% 1.1
Co-ownership apartment 7 +4 +133.3% up 4, 133.3% versus April 2023 $3.3M $469,271 −$97,029 −17.1% down $97,029, 17.1% versus April 2023 $425,000 8 15 99% 16 87.5% 2.1

City of Toronto (416)

Home type SalesMoM $ volume AverageMoM Median NewActive SP/LPLDOMPDOM SNLRMOI
All home types 3,285 +550 +20.1% up 550, 20.1% versus April 2023 $3.93B $1,197,021 +$76,669 +6.8% up $76,669, 6.8% versus April 2023 $928,800 5,734 4,949 104% 16 22 57.3% 1.5
Detached 970 +203 +26.5% up 203, 26.5% versus April 2023 $1.86B $1,913,132 +$125,380 +7.0% up $125,380, 7.0% versus April 2023 $1,510,000 1,709 1,286 105% 13 56.8% 1.3
Semi-detached 286 +54 +23.3% up 54, 23.3% versus April 2023 $400.1M $1,398,821 +$72,359 +5.5% up $72,359, 5.5% versus April 2023 $1,306,000 447 261 111% 11 64.0% 0.9
Att/row/townhouse 109 +35 +47.3% up 35, 47.3% versus April 2023 $144.1M $1,321,950 −$5,241 −0.4% down $5,241, 0.4% versus April 2023 $1,260,000 161 105 109% 11 67.7% 1.0
Condo townhouse 198 +4 +2.1% up 4, 2.1% versus April 2023 $183.9M $928,955 −$20,650 −2.2% down $20,650, 2.2% versus April 2023 $859,000 367 324 105% 16 54.0% 1.6
Condo apartment 1,694 +241 +16.6% up 241, 16.6% versus April 2023 $1.33B $784,914 +$32,998 +4.4% up $32,998, 4.4% versus April 2023 $685,000 3,005 2,927 101% 18 56.4% 1.7
Link 6 +2 +50.0% up 2, 50.0% versus April 2023 $7.3M $1,224,833 +$154,361 +14.4% up $154,361, 14.4% versus April 2023 $1,215,000 16 6 129% 5 37.5% 1.0
Co-op apartment 15 +7 +87.5% up 7, 87.5% versus April 2023 $8.1M $540,600 +$7,350 +1.4% up $7,350, 1.4% versus April 2023 $465,000 21 24 100% 22 71.4% 1.6
Detached condo n/a not available, prior month not on file versus April 2023 n/a not available, prior month not on file versus April 2023
Co-ownership apartment 7 +4 +133.3% up 4, 133.3% versus April 2023 $3.3M $469,271 −$97,029 −17.1% down $97,029, 17.1% versus April 2023 $425,000 8 15 99% 16 87.5% 2.1

905 total

Home type SalesMoM $ volume AverageMoM Median NewActive SP/LPLDOMPDOM SNLRMOI
All home types 5,727 +931 +19.4% up 931, 19.4% versus April 2023 $6.85B $1,195,573 +$23,532 +2.0% up $23,532, 2.0% versus April 2023 9,460 6,919 60.5% 1.2
Detached 3,079 +398 +14.8% up 398, 14.8% versus April 2023 $4.45B $1,444,234 +$40,371 +2.9% up $40,371, 2.9% versus April 2023 5,503 4,188 56.0% 1.4
Semi-detached 501 +103 +25.9% up 103, 25.9% versus April 2023 $542.9M $1,083,651 +$59,309 +5.8% up $59,309, 5.8% versus April 2023 718 340 69.8% 0.7
Att/row/townhouse 715 +148 +26.1% up 148, 26.1% versus April 2023 $776.9M $1,086,558 +$23,489 +2.2% up $23,489, 2.2% versus April 2023 1,090 620 65.6% 0.9
Condo townhouse 502 +108 +27.4% up 108, 27.4% versus April 2023 $423.9M $844,402 +$15,095 +1.8% up $15,095, 1.8% versus April 2023 725 466 69.2% 0.9
Condo apartment 874 +167 +23.6% up 167, 23.6% versus April 2023 $592.5M $677,874 +$10,886 +1.6% up $10,886, 1.6% versus April 2023 1,355 1,263 64.5% 1.4
Link 37 +2 +5.7% up 2, 5.7% versus April 2023 $38.9M $1,050,922 −$25,558 −2.4% down $25,558, 2.4% versus April 2023 50 22 74.0% 0.6
Co-op apartment low sample 0 −3 −100.0% down 3, 100.0% versus April 2023 $0 n/a not available, prior month not on file versus April 2023 0 1
Detached condo n/a not available, prior month not on file versus April 2023 n/a not available, prior month not on file versus April 2023
Co-ownership apartment low sample 0 no change no change versus April 2023 $0 n/a not available, prior month not on file versus April 2023 0 0

Trends

All TRREB areas · 13 months to May 2023

Average price

Average price by home type over the 13 months ending May 2023.
Month DetachedSemi-detachedAtt/row/townhouseCondo townhouseCondo apartment
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
Apr '23 148925811355991093560868997724118
May '23 155656611981851117696868318748483

Sales

Sales by home type over the 13 months ending May 2023.
Month DetachedSemi-detachedAtt/row/townhouseCondo townhouseCondo apartment
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
Apr '23 34486306415882160
May '23 40497878247002568

Sales-to-new-listings

Sales-to-new-listings ratio by home type over the 13 months ending May 2023.
Month DetachedSemi-detachedAtt/row/townhouseCondo townhouseCondo apartment
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
Apr '23 65.1426412242584580.3571428571428668.4098185699039571.794871794871862.80895609188718
May '23 56.1425402107598467.5536480686695365.8673061550759464.102564102564158.89908256880734

Average price change, month-over-month

  • Detached +4.5% up 4.5% versus April 2023
  • Semi-detached +5.5% up 5.5% versus April 2023
  • Att/row/townhouse +2.2% up 2.2% versus April 2023
  • Condo townhouse −0.1% down 0.1% versus April 2023
  • Condo apartment +3.4% up 3.4% versus April 2023

Year to date

Home typeSales$ volumeAverageMedian
All home types 31,243 $35.48B $1,135,595 $980,000
Detached
Semi-detached
Att/row/townhouse
Condo townhouse
Condo apartment
Link
Co-op apartment
Detached condo
Co-ownership apartment