Average price — Mean sale price across all transactions. Sensitive to the mix of homes that sold.
$1,156,167
MoM +$34,552 +3.1% up $34,552, 3.1% versus March 2024 YoY +0.3% up 0.3% versus April 2023
Source: TRREB MarketWatch, April 2024
Greater Toronto Area · TRREB MarketWatch
GTA Real Estate Market Report
April 2024
In April 2024 the average selling price across the Greater Toronto Area rose 3.1% to $1,156,167 versus March 2024, and sales jumped 8.4% to 7,114.
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.
$981,500
MoM +$4,203 +0.4% up $4,203, 0.4% versus March 2024 YoY −1.8% down 1.8% versus April 2023
MLS® HPI benchmark — Quality-adjusted price for a typical home. The cleanest like-for-like price signal.
$1,128,100
MoM +$14,500 +1.3% up $14,500, 1.3% versus March 2024 YoY −1.0% down 1.0% versus April 2023
Sales — Firm transactions reported through the MLS® System during the month.
7,114
MoM +554 +8.4% up 554, 8.4% versus March 2024 YoY −5.5% down 5.5% versus April 2023
Dollar volume — Total value of all sales in the month.
$8.22B
MoM +$867,173,274 +11.8% up $867,173,274, 11.8% versus March 2024 YoY −5.3% down 5.3% versus April 2023
New listings — Properties newly listed during the month.
16,941
MoM +3,821 +29.1% up 3,821, 29.1% versus March 2024 YoY +49.1% up 49.1% versus April 2023
Active listings — Listings available at month end.
18,088
MoM +5,629 +45.2% up 5,629, 45.2% versus March 2024 YoY +74.4% up 74.4% versus April 2023
Avg. LDOM — Average days on market for the current listing. Not reported before 2020.
19
MoM −1 day −5.0% down 1 day, 5.0% versus March 2024 YoY +11.8% up 11.8% versus April 2023
Avg. PDOM — Average days on market across the property’s consecutive listings. Not reported before 2020.
28
MoM −1 day −3.4% down 1 day, 3.4% versus March 2024 YoY +16.7% up 16.7% versus April 2023
Avg. SP/LP — Average sale price as a share of list price. Above 100% means competing offers were common.
102%
MoM no change no change versus March 2024 YoY −1.0% down 1.0% versus April 2023
SNLR — Sales-to-new-listings ratio, computed here from this month’s counts. Below 40% favours buyers, above 60% favours sellers.
42.0%
MoM −8.0 pp −16.0% down 8.0 pp, 16.0% versus March 2024 YoY −36.6% down 36.6% versus April 2023
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.
2.5
MoM +1 +33.9% up 1, 33.9% versus March 2024 YoY +84.6% up 84.6% versus April 2023
The month in 60 seconds
- Across all TRREB areas, active listings jumped 45.2% to 18,088 versus March 2024.
- Across all TRREB areas, new listings jumped 29.1% to 16,941 versus March 2024.
- Across all TRREB areas, sales jumped 8.4% to 7,114 versus March 2024.
- Across all TRREB areas, the average selling price rose 3.1% to $1,156,167 versus March 2024.
- Across all TRREB areas, the median selling price held steady at $981,500 versus March 2024.
Generated from the figures above. Ordered by size of month-over-month move.
Economy
Indicators published with this edition
Real GDP growth
1%
Q4 2023
Toronto employment growth
1.1%
March 2024
Toronto unemployment rate
7.5%
March 2024
Inflation (CPI, year-over-year)
2.9%
March 2024
Bank of Canada overnight rate
5%
April 2024
Prime rate
7.2%
April 2024
1-year mortgage rate
7.84%
April 2024
3-year mortgage rate
6.99%
April 2024
5-year mortgage rate
6.84%
April 2024
By home type
All TRREB areas
| Home type | Sales | MoM | Average price | MoM | YoY |
|---|---|---|---|---|---|
| Detached | 3,175 | +282 +9.7% up 282, 9.7% versus March 2024 | $1,516,070 | +$49,673 +3.4% up $49,673, 3.4% versus March 2024 | +1.8% up 1.8% |
| Semi-detached | 620 | +41 +7.1% up 41, 7.1% versus March 2024 | $1,139,929 | +$18,284 +1.6% up $18,284, 1.6% versus March 2024 | +0.4% up 0.4% |
| Att/row/townhouse | 655 | +12 +1.9% up 12, 1.9% versus March 2024 | $1,044,986 | +$5,862 +0.6% up $5,862, 0.6% versus March 2024 | −4.4% down 4.4% |
| Condo townhouse | 574 | +39 +7.3% up 39, 7.3% versus March 2024 | $841,266 | +$20,120 +2.5% up $20,120, 2.5% versus March 2024 | −3.2% down 3.2% |
| Condo apartment | 2,013 | +171 +9.3% up 171, 9.3% versus March 2024 | $728,067 | +$28,021 +4.0% up $28,021, 4.0% versus March 2024 | +0.5% up 0.5% |
| Link | 53 | +8 +17.8% up 8, 17.8% versus March 2024 | $1,070,074 | −$48,965 −4.4% down $48,965, 4.4% versus March 2024 | −0.5% down 0.5% |
| Co-op apartment | 9 | +2 +28.6% up 2, 28.6% versus March 2024 | $406,278 | −$334,779 −45.2% down $334,779, 45.2% versus March 2024 | −18.3% down 18.3% |
| Detached condo | 7 | −4 −36.4% down 4, 36.4% versus March 2024 | $1,082,857 | +$63,731 +6.3% up $63,731, 6.3% versus March 2024 | +22.6% up 22.6% |
| Co-ownership apartment | 8 | +3 +60.0% up 3, 60.0% versus March 2024 | $473,688 | +$88 +0.0% up $88, 0.0% versus March 2024 | −16.4% down 16.4% |
Average price by home type
13 months to April 2024
| Month | Detached | Semi-detached | Att/row/townhouse | Condo townhouse | Condo apartment |
|---|---|---|---|---|---|
| Apr '23 | 1489258 | 1135599 | 1093560 | 868997 | 724118 |
| May '23 | 1556566 | 1198185 | 1117696 | 868318 | 748483 |
| Jun '23 | 1530997 | 1214872 | 1087967 | 851497 | 739395 |
| Jul '23 | 1427257 | 1101876 | 1032117 | 873859 | 735171 |
| Aug '23 | 1416366 | 1067980 | 1022680 | 837863 | 705572 |
| Sep '23 | 1440786 | 1094074 | 1043076 | 810495 | 707065 |
| Oct '23 | 1450112 | 1102721 | 1042124 | 791299 | 708780 |
| Nov '23 | 1403500 | 1060829 | 984357 | 778402 | 710501 |
| Dec '23 | 1418323 | 1027432 | 996162 | 790721 | 682525 |
| Jan '24 | 1350828 | 1038303 | 963504 | 792834 | 681979 |
| Feb '24 | 1443612 | 1123896 | 1034011 | 814412 | 695345 |
| Mar '24 | 1466397 | 1121645 | 1039124 | 821146 | 700046 |
| Apr '24 | 1516070 | 1139929 | 1044986 | 841266 | 728067 |
Movers this month
Ranked across 55 of the 55 required areas · minimum 10 sales to qualify
Average price, month-over-month
Top 5
- Toronto C09 +34.9% up 34.9%
- Toronto W07 +23.6% up 23.6%
- Toronto C11 +17.4% up 17.4%
- Toronto E06 +13.8% up 13.8%
- Toronto E03 +12.5% up 12.5%
Bottom 5
- Toronto C13 −17.1% down 17.1%
- Toronto W05 −8.1% down 8.1%
- Aurora −8.0% down 8.0%
- Toronto E05 −7.4% down 7.4%
- Toronto C15 −7.3% down 7.3%
Sales, month-over-month
Top 5
- Toronto E02 +79.4% up 79.4%
- Toronto C02 +74.4% up 74.4%
- Toronto C11 +71.9% up 71.9%
- Brock +60.0% up 60.0%
- Scugog +57.9% up 57.9%
Bottom 5
- King −43.8% down 43.8%
- Toronto C13 −36.5% down 36.5%
- Toronto E08 −26.7% down 26.7%
- Toronto W01 −22.6% down 22.6%
- Toronto C07 −21.5% down 21.5%
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
42.0%
prior month 50.0%
Months of inventory
2.5
All TRREB areas reads differently on the two balance measures — balanced conditions at 42.0% sales-to-new-listings, but a seller's market at 2.5 months of inventory. They measure different things, so the split is worth noting.
City of Toronto (416)
SNLR
38.8%
prior month 46.9%
Months of inventory
2.9
City of Toronto (416) reads differently on the two balance measures — a buyer's market at 38.8% sales-to-new-listings, but a seller's market at 2.9 months of inventory. They measure different things, so the split is worth noting.
905 total
SNLR
44.1%
prior month 51.8%
Months of inventory
2.3
905 total reads differently on the two balance measures — balanced conditions at 44.1% sales-to-new-listings, but a seller's market at 2.3 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
$864,112
- Sales
- 522
- SNLR
- 30.0%
- MOI
- 4.4
Aggregated across 2 districts · View →
Midtown
$1,812,087
- Sales
- 345
- SNLR
- 38.2%
- MOI
- 2.9
Aggregated across 6 districts · View →
Scarborough
$912,569
- Sales
- 435
- SNLR
- 52.2%
- MOI
- 1.8
Aggregated across 8 districts · View →
York Region
$1,326,533
- Sales
- 1,270
- SNLR
- 41.8%
- MOI
- 2.6
Region total · View →
Durham Region
$943,840
- Sales
- 948
- SNLR
- 51.5%
- MOI
- 1.6
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.