By The Numbers 

The Toronto Real Estate Boards statistics year over year for the month of February. 

Get Your Community Specific Report Here

10,970

TREB Sales 

February  2021

7,193

TREB Sales 

February 2020

$1,045,488

TREB Average February 2021

$910,142

TREB Average Price February 2020

February Numbers 2021

  • Number of Sales 2021
    10,970 | +52.5%
  • Number of Sales 2019
    4,546
  • Number of New Listing 2021
    15,137 | +42.6%
  • Number of New Listings 2020
    10,618
  • Number of Active Listing 2021
    8,727 | -1.0%
  • Number of Active Listings 2020
    8,816
  • Average Price 2021
    $1,045,488 | +14.9%
  • Average Price 2020
    $910,142
  • Average Days on the Market (DOM) 2021
    14 Days | -17.6%
  • Average Days on the Market (DOM) 2020
    17 Days

TREB Market Summary

Record home sales in the Greater Toronto Area (GTA) continued in February as buyers remained confident in their employment situations and took advantage of ultra-low borrowing costs. With multiple buyers continuing to compete for many available listings, double-digit annual price growth was the norm throughout the GTA, with stronger rates of growth in the suburbs surrounding the City of Toronto.

GTA REALTORS® reported 10,970 sales through TRREB’s MLS® System in February 2021 – a 52.5 percent increase compared to 7,193 sales reported in February 2020. Looking at all areas of the GTA combined, the condominium apartment segment led the way with a 64 percent sales increase compared to last year, with similar rates of increase in the ‘416’ and ‘905’ area codes.

“It’s clear that the historic demand for housing experienced in the second half of last year has carried forward into the first quarter of this year with some similar themes, including the continued popularity of suburban low-rise properties. It’s also evident that the supply of listings is not keeping up with demand, which could present an even larger problem once population growth picks up following widespread vaccinations later this year and into 2022,” said TRREB President Lisa Patel.

The MLS® Home Price Index Composite Benchmark was up by 14.8 percent year-over-year in February 2021. Over the same period, the average selling price was up by 14.9 percent to $1,045,488. While market conditions were tight throughout the GTA region in February, the detached, semi-detached, and townhouse market segments in suburban areas were the drivers of average price growth, with annual rates of increase above 20 percent in all three cases.

“In the absence of a marked uptick in inventory, the current relationship between demand and supply supports continued double-digit average home price growth this year. In addition, if we continue to see growth in condo sales outstrip growth in new condo listings in Toronto, renewed price growth in this market segment is a distinct possibility in the second half of the year,” said TRREB Chief Market Analyst Jason Mercer.

Breaking Down The Numbers

Sales Numbers, average price  percentage changes over the same time last year.

Get Your Community Specific Report!

Detached

$1,371,791 | +23.1%

4,943 | +43.8%

Townhouse

$858,025 | +17.3%

1,841 | +62.5%

Semi Det. 

$1,050,820 | +20.3%

977 | +53.1%

Condo Apt.

$642,346| -3.7%

3,116 | +64.3%

Number of Sales

Year-Over-Year Percent Change

  • 416 - Detached
    915 | +29.8%
  • 905 - Detached
    4,028 | +47.4%
  • 416 - Semi Detached
    295 | +64.8%
  • 905 - Semi Detached
    682 | +48.6%
  • 416 - Townhouse
    341 | +49.6%
  • 905 - Townhouse
    1,500| +65.7%
  • 416 - Condos
    2,167 | +63.2%
  • 905 - Condos
    949 | +66.8%.

Average Price

Year-Over-Year Percent Change

  • 416 - Detached
    $1,684,073 | +13.2%
  • 905 - Detached
    $1,300,853| +27.8%
  • 416 - Semi Detached
    $1,324,244 | +9.7%
  • 905 - Semi Detached
    $932,551 | +25.6%
  • 416 - Townhouse
    $913,037| +7.8%
  • 905 - Townhouse
    $845,518| +20.3%
  • 416 - Condo
    $676,837| -6.4%
  • 905 - Condo
    $563,587 | +5.4%

Economic Indicators

  • Real GDP Growth | Q4 - 2020
    Up | +9.5%
  • Toronto Employment Growth | January 2021
    Down | -4.0%
  • Inflation Rate (Yr/Yr CPI Growth) | January 2021
    Down | 1.0%
  • Toronto Unemployment Rate | January 2021
    Up | 11.1%
  • Bank of Canada Overnight Rate | February 2021
    Unchanged | 0.25%
  • Prime Rate | February 2021
    Unchanged | 2.45%
  • Mortgage Rates February 2021 (1yr/3Yr|5Yr)
    2.79% | 3.49% | 4.79%
We use cookies to enhance your browsing experience and deliver our services. By continuing to visit this site, you agree to our use of cookies. More info