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By The Numbers 

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

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9,017

TREB Sales 

November 2021

8,728

TREB Sales 

November 2020

$1,163,323

TREB Average 

November 2021

$955,889

TREB Average Price November 2020

November Numbers 2021

  • Number of Sales 2021
    9,017 | +3.3%
  • Number of Sales 2020
    10,503
  • Number of New Listing 2021
    10,036 | -13.2%
  • Number of New Listings 2020
    17,806
  • Number of Active Listing 2021
    6,086 | -55.9%
  • Number of Active Listings 2020
    17,313
  • Average Price 2021
    $1,163,323| +21.7%
  • Average Price 2020
    $968,535
  • Average Days on the Market (DOM) 2021
    13 Days | -31.6%.
  • Average Days on the Market (DOM) 2020
    17 Days

TREB Market Summary

Home sales reached a new record for the month of November and the average selling price also reached a new all-time high. New listings were down substantially compared to last year for all market segments – further highlighting the inherent supply issue across all home types in the Greater Toronto Area (GTA).

GTA REALTORS® reported 9,017 home sales through TRREB's MLS® System in November 2021 – 3.3 percent above the November 2020 result, setting a new record. In contrast, new listings were down by 13.2 percent year-over-year, with double-digit declines for low-rise home types, and condominium apartments.

"Governments at all levels must take coordinated action to increase supply in the immediate term to begin addressing the supply challenges of today and to work towards satisfying growing demand in the future. The GTA remains the primary destination for new immigrants and is at the centre of the Canadian economy. For far too long governments have focused on short-term bandaid policies to artificially suppress demand. Current market activity highlights decisively that these policies do not work, and unless governments work together to cut red tape, streamline the approval processes, and incentivize mid-density housing ongoing housing affordability challenges will escalate. On this point, we commend the City of Toronto for moving forward with initiatives to facilitate the creation of more mid-density home types, including their current consultations on options to encourage more multiplex development across the city," said TRREB President Kevin Crigger.

The MLS® Home Price Index composite benchmark was up by 28.3 percent year-over-year in November 2021. The average selling price for all home types combined was $1,163,323 – up by 21.7 percent compared to November 2020.

"A key difference this year compared to last is how the condo segment continues to tighten and experience an acceleration in price growth, particularly in suburban areas. This speaks to the broadening of economic recovery, with first-time buyers moving back into the market in a big way this year. The condo and townhouse segments, with lower price points on average, will remain popular as population growth picks up over the next two years," said TRREB Chief Market Analyst Jason Mercer.

Breaking Down The Numbers

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

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Detached

$1,567,832 | +30.3%

3,857 | -8.2%

Townhouse

$962,044 | +28.1%

1,449| -4.7%

Semi Det. 

$1,206,016 | +27.3%

755 | -14.7%

Condo Apt.

$715,104| +18.0%

2,868 | +41.6%

Number of Sales

Year-Over-Year Percent Change

  • 416 - Detached
    918 | -1.2%.
  • 905 - Detached
    2,939 | -10.2%
  • 416 - Semi Detached
    283 | -15.8%
  • 905 - Semi Detached
    472 | -14.0%
  • 416 - Townhouse
    381 | +5.5%
  • 905 - Townhouse
    1,068 | -7.9%.
  • 416 - Condos
    1,981 | +43.3%
  • 905 - Condos
    887 | +36.0%

Average Price

Year-Over-Year Percent Change

  • 416 - Detached
    $1,807,983 | +22.3%
  • 905 - Detached
    $1,492,821| +32.7%
  • 416 - Semi Detached
    $1,431,988| +23.4
  • 905 - Semi Detached
    $1,070,530| +31.1%
  • 416 - Townhouse
    $981,759 | +19.7%,
  • 905 - Townhouse
    $955,010 | +31.0%
  • 416 - Condo
    $745,951 | +16.5%
  • 905 - Condo
    $642,211| +21.1%.

Economic Indicators

  • Real GDP Growth | Q3 - 2021
    Up | 5.3%
  • Toronto Employment Growth | October 2021
    Up | 6.1%
  • Inflation Rate (Yr/Yr CPI Growth) | October 2021
    Up | 4.7%
  • Toronto Unemployment Rate | October 2021
    Down | 8.4%
  • Bank of Canada Overnight Rate | November 2021
    Unchanged | 0.25%
  • Prime Rate | November 2021
    Unchanged | 2.45%
  • Mortgage Rates September 2021 (1yr/3Yr|5Yr)
    2.79% | 3.49% | 4.79%
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