By the Numbers 

The Toronto Real Estate Boards statistic year over year for the month of July. 

8,595

TREB Sales 

July  2019

$806,755

TREB Average Price July  2019

6,916

TREB Sales 

July 2018

$781,918

TREB Average Price July 2018

July Numbers 2019

  • Number of Sales 2019
    8,595 | +24.3%
  • Number of Sales 2018
    6,916
  • Number of New Listing 2019
    14,393| +3.7%
  • Number of New Listings 2018
    13,873
  • Number of Active Listing 2019
    17,938 | -9.1%
  • Number of Active Listings 2018
    19,725
  • Average Price 2019
    $806,755 | +3.2% 
  • Average Price 2018
    $781,918
  • Average Days on the Market (DOM) 2019
    23 Days | -8.0%
  • Average Days on the Market (DOM) 2018
    25 Days

TREB Market Summary

TORONTO, August 6, 2019 – Toronto Real Estate Board President Michael Collins announced that Greater Toronto Area REALTORS® reported 8,595 sales through TREB’s MLS® System in July 2019. This result was up by 24.3 per cent compared to July 2018. On a month-over-month basis, sales were up by 5.1 per cent, after preliminary seasonal adjustment. 

New listings entered into TREB’s MLS® System in July 2019 were up compared to July 2018, but by a much lesser annual rate than sales, at 3.7 per cent. With annual growth in sales far outstripping annual growth in new listings, market conditions clearly tightened compared to last year. Active listings at the end of July were down by 9.1 per cent year-over-year, further reflecting tightening market conditions.

As market conditions continued to tighten in July, the average selling price increased by 3.2 per cent on a year-over-year basis to $806,755. The MLS® Home Price Index Composite benchmark was up by 4.4 per cent. Higher density home types continued to drive price growth, whereas detached home prices remained down in many communities throughout the GTA. 

Broadly speaking, increased competition between buyers for available properties has resulted in relatively strong price growth above the rate of inflation for semi-detached houses, townhouses and condominium apartments. However, the single-detached market segment, which has arguably been impacted most by the OSFI stress test, has experienced a slower pace of price growth, with average detached prices remaining lower than last year’s levels in some parts of the GTA

Breaking Down The Numbers

Sales Numbers, Average Price & Percentage Changes over the same time last year.

Detached

3,941 | +29.7%

$995,043 | -0.9%

Townhouse

1,415 | +21.6%

$660,251| +4.3%

Semi-Detached

859 | +42.0%

$786,974 | +5.3%

Condo Apt.

2,277 | +14.3%

$584,019 | +6.7%

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