Showstopping Custom Built Modern Beach House.
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Showstopping Custom Built Modern Beach House.

Unbeatable Bay Ridges Neighbourhood located in Pickering's hottest waterfront community just east of Toronto.

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By The Numbers 

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

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6,928

TREB Sales 

January  2021

4,546

TREB Sales 

January 2020

$967,885

TREB Average January 2021

$838,087

TREB Average Price January 2020

January Numbers 2021

  • Number of Sales 2021
    6,928 | +52.4%
  • Number of Sales 2019
    4,546
  • Number of New Listing 2021
    9,430 | +20.2%
  • Number of New Listings 2020
    7,848
  • Number of Active Listing 2021
    7,396 | -4.8%
  • Number of Active Listings 2020
    7,772
  • Average Price 2021
    $967,885 | +15.5%
  • Average Price 2020
    $838,087
  • Average Days on the Market (DOM) 2021
    24 Days | -11.1%
  • Average Days on the Market (DOM) 2020
    27 Days

TREB Market Summary

• January 2021 home sales amounted to 6,928 – up by more than 50 percent compared to January 2020. This strong start to 2021 included sales growth across all major segments including condominium apartments, both in the City of Toronto and surrounding GTA regions. 

• New listings were also up on a year-over-year basis in January, but not by the same annual rate as sales. This means market conditions tightened compared to January 2020, resulting in the continuation of double-digit growth in the MLS® Home Price Index and the average selling price. 

• The average selling price for January 2021 was up by 15.5 percent to $967,885 year-over-year. The MLS® HPI Composite Benchmark was up by 11.9 percent over the same period. 

• Price growth was driven by the low-rise market segments, while the average condo apartment price was down in Toronto. However, if we continue to see condo sales growth outstrip condo listings growth, we could start to see renewed growth in condo prices later this year.

Breaking Down The Numbers

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

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Detached

$1,359,915 | +31.2%

2,766 | +34.4%

Townhouse

$803,578 | +15.9%

1,124 | +44.8%

Semi Det. 

$996,794 | +26.6%

506 | +48.0%

Condo Apt.

$600,830 | -4.7%

2,471 | +85.5%

Number of Sales

Year-Over-Year Percent Change

  • 416 - Detached
    522 | +30.2%
  • 905 - Detached
    2,244 | +35.4%
  • 416 - Semi Detached
    162 | +84.1%
  • 905 - Semi Detached
    344 | +35.4%
  • 416 - Townhouse
    259 | +46.3%
  • 905 - Townhouse
    865| +44.4%
  • 416 - Condos
    1,703 | +85.5%
  • 905 - Condos
    768 | +85.5%.

Average Price

Year-Over-Year Percent Change

  • 416 - Detached
    $1,581,400 | +16.0%
  • 905 - Detached
    $1,308.393 | +36.6%.
  • 416 - Semi Detached
    $1,204,857 | +21.5%,
  • 905 - Semi Detached
    $898,810 | +25.4%
  • 416 - Townhouse
    $642,886 | +4.1%
  • 905 - Townhouse
    $547,488 | +20.0%
  • 416 - Condo
    $624,886| -8.0%
  • 905 - Condo
    $547,488 | -4.7%

Economic Indicators

  • Real GDP Growth | Q3 - 2020
    Up | +40.6%
  • Toronto Employment Growth | December 2020
    Down | -2.3%
  • Inflation Rate (Yr/Yr CPI Growth) | December 2020
    Down | 0.7%
  • Toronto Unemployment Rate | December 2020
    Unchanged | 10.7%
  • Bank of Canada Overnight Rate | January 2021
    Unchanged | 0.25%
  • Prime Rate | January 2021
    Unchanged | 2.45%
  • Mortgage Rates January 2021 (1yr/3Yr|5Yr)
    2.79% | 3.49% | 4.79%
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