By The Numbers 

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

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15,652

TREB Sales 

March  2021

7,945

TREB Sales 

March 2020

$1,097,565

TREB Average March 2021

$902,787

TREB Average Price March 2020

March Numbers 2021

  • Number of Sales 2021
    15,652 | +97.0%
  • Number of Sales 2019
    7,945
  • Number of New Listing 2021
    22,709 | +57.3%
  • Number of New Listings 2020
    14,434
  • Number of Active Listing 2021
    10,603 | -0.7%
  • Number of Active Listings 2020
    10,676
  • Average Price 2021
    $1,097,565 | +14.9%
  • Average Price 2020
    $902,787
  • Average Days on the Market (DOM) 2021
    10 Days | -23.1%
  • Average Days on the Market (DOM) 2020
    13 Days

TREB Market Summary

TORONTO, ONTARIO, April 6, 2021- For the third straight month of 2021, record home sales continued in March across the Greater Toronto Area (GTA) with buyers taking advantage of favourable borrowing costs and continued improvement in many sectors of the economy. 

GTA REALTORS® reported 15,652 sales in March 2021 – close to double that of March 2020. While sales were strong, it is important to remember that for the second half of March we are comparing against the initial impact of COVID-19 in the second half of March 2020 when sales activity dropped off dramatically. With this in mind, it is important to consider annual sales growth for the pre-COVID period (March 1 to 14, 2020) and COVID period (March 15 to 31, 2020): 

- There were 6,504 sales reported during the first 14 days of March 2021 - up 41 percent compared to the preCOVID period in March 2020. 

- There were 9,148 sales reported between March 15th and March 31st, 2021, an increase of 174 percent compared to the COVID period of March 2020. This is a stark reminder of the initial impact COVID-19 had on the housing market and overall economy a year ago. 

For March 2021 as a whole, new listings were up 57 percent year-over-year to 22,709. While representing a strong year-over-year increase, the annual growth rate for new listings was well below that of sales. 

The MLS® Home Price Index Composite Benchmark for March 2021 was up by 16.5 percent compared to March 2020. The average selling price, at $1,097,565 was up by 21.6 percent over the same period. Following the recent trend, low-rise home sales in regions surrounding the City of Toronto drove price growth.

Breaking Down The Numbers

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

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Detached

$1,402,849 | +26.6%

7,577 | +103.5%

Townhouse

$870,553 | +20.7%

2,631 | +90.5%

Semi Det. 

$1,045,519 | +17.5%

1,479 | +98.5%

Condo Apt.

$676,052 | +2.6%

3,821 | +91.3%

Number of Sales

Year-Over-Year Percent Change

  • 416 - Detached
    1,450 | +75.1%
  • 905 - Detached
    6,127 | +111.6%
  • 416 - Semi Detached
    471 | +106.6%
  • 905 - Semi Detached
    1,008 | +95.0%
  • 416 - Townhouse
    555 | +90.7%
  • 905 - Townhouse
    2,076 | +90.5%
  • 416 - Condos
    2,614 | +87.9%
  • 905 - Condos
    1,207 | +99.2%.

Average Price

Year-Over-Year Percent Change

  • 416 - Detached
    $1,750,518 | +19.2%
  • 905 - Detached
    $1,320,570| +31.4%
  • 416 - Semi Detached
    $1,288,005 | +11.5%
  • 905 - Semi Detached
    $932,215 | +20.6%
  • 416 - Townhouse
    $960,984 | +15.0%
  • 905 - Townhouse
    $846,401 | +22.6%
  • 416 - Condo
    $707,835 | -0.7%
  • 905 - Condo
    $607,220 | +13.5%

Economic Indicators

  • Real GDP Growth | Q4 - 2020
    Up | +9.5%
  • Toronto Employment Growth | February 2021
    Down | -5.4%
  • Inflation Rate (Yr/Yr CPI Growth) | February 2021
    Up | 1.1%
  • Toronto Unemployment Rate | February 2021
    Up | 11.1%
  • Bank of Canada Overnight Rate | March 2021
    Unchanged | 0.25%
  • Prime Rate | March 2021
    Unchanged | 2.45%
  • Mortgage Rates March 2021 (1yr/3Yr|5Yr)
    2.79% | 3.49% | 4.79%
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