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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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5,636

TREB Sales 

January 2022

6,888

TREB Sales 

January 2021

$1,242,793

TREB Average 

January 2022

$966,068

TREB Average Price January 2021

January Numbers 2022

  • Number of Sales 2022
    5,636 | -18.2%
  • Number of Sales 2021
    6,888
  • Number of New Listing 2022
    7,979 | -15.5%
  • Number of New Listings 2021
    9,438
  • Number of Active Listing 2022
    4,140 | -44.0%
  • Number of Active Listings 2021
    7,396
  • Average Price 2022
    $1,242,793| +28.6%
  • Average Price 2021
    $966,068
  • Average Days on the Market (DOM) 2022
    13 Days | -44.4%
  • Average Days on the Market (DOM) 2021
    24 Days

TREB Market Summary

Demand for ownership housing remained very strong from a historic perspective in January 2022. At the same time, listings remained in short supply, resulting in tight market conditions and very strong year-over-year price growth.

There were 5,636 sales reported through the TRREB MLS® System in January 2022 – down by 18.2 percent compared to 6,888 sales in January 2021. While sales were down substantially compared to last year’s record result, the January 2022 result was the second-best in history for the month. This result is in line with TRREB’s forecast for a strong sales result in 2022 but off the 2021 record.

New listings were down by a similar annual rate (-15.5 percent) as sales. Because sales and new listings moved in relative lockstep, active listings at the end of January amounted to 4,140 – down by 44 percent to the lowest level in more than two decades.

The continuation of tight market conditions resulted in a 33.3 percent annual increase in the MLS® Home Price Index Composite benchmark. Similarly, the average selling price was up by 28.6 percent year-over-year to $1,242,793.

Looking Forward, TRREB's outlook for 2022 is as follows: Total home sales reported through TRREB’s MLS® System in the GTA will reach 110,000, representing a dip from 2021, but still a strong result in comparison to previous years; and The average selling price for all home types combined is set to climb to $1,225,000, an approximate increase of 12 percent when compared to last year.

Breaking Down The Numbers

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

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Detached

$1,741,318 | +28.3%

2,239 | -18.3%

Townhouse

$1,083,000 | +34.8%

891 | -20.4%

Semi Det. 

$1,132,273| +31.5%

445 | -1.5%

Condo Apt.

$748,566| +24.5%

2,016 | -18.2%

Number of Sales

Year-Over-Year Percent Change

  • 416 - Detached
    476 | -7.6%.
  • 905 - Detached
    1,763 | -20.8%
  • 416 - Semi Detached
    144 | -11.1%
  • 905 - Semi Detached
    301 | -11.7%
  • 416 - Townhouse
    203 | -21.6%
  • 905 - Townhouse
    688 | -20.0%.
  • 416 - Condos
    1,409 | -17.0%
  • 905 - Condos
    607 | -20.9%

Average Price

Year-Over-Year Percent Change

  • 416 - Detached
    $1,888,413 | +19.2%
  • 905 - Detached
    $1,702,143 | +30.4%
  • 416 - Semi Detached
    $1,471,535 | +22.1%
  • 905 - Semi Detached
    $1,236,081 | +37.3%
  • 416 - Townhouse
    $1,080,284 | +32.6%,
  • 905 - Townhouse
    $1,083,801 | +35.5%
  • 416 - Condo
    $760,643 | +21.7%
  • 905 - Condo
    $720,532 | +31.6%.

Economic Indicators

  • Real GDP Growth | Q3 - 2021
    Up | 5.3%
  • Toronto Employment Growth | December 2021
    Up| 6.3%.
  • Inflation Rate (Yr/Yr CPI Growth) | December 2021
    Up | 4.8%
  • Toronto Unemployment Rate | December 2021
    Down | 7.4%
  • Bank of Canada Overnight Rate | January 2022
    Unchanged | 0.25%
  • Prime Rate | January 2022
    Unchanged | 2.45%
  • Mortgage Rates November 2022 (1yr/3Yr|5Yr)
    2.79% | 3.49% | 4.79%
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