By the Numbers 

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

7,825

TREB Sales 

September  2019

6,414

TREB Sales 

September 2018

$843,115

TREB Average Price Sept. 2019

$796,782

TREB Average Price Sept. 2018

September Numbers 2019

  • Number of Sales 2019
    7,825 | +22.0%
  • Number of Sales 2018
    6,414
  • Number of New Listing 2019
    11,789 | -1.9%
  • Number of New Listings 2018
    15,921
  • Number of Active Listing 2019
    17,254 | -14.1%
  • Number of Active Listings 2018
    20,089
  • Average Price 2019
    $843,115 | +5.8% 
  • Average Price 2018
    $796,782
  • Average Days on the Market (DOM) 2019
    23 Days | -11.5%
  • Average Days on the Market (DOM) 2018
    26 Days

TREB Market Summary

TORONTO, October 3, 2019 - Toronto Real Estate Board President Michael Collins announced that Greater Toronto Area REALTORS® reported 7,825 sales through TREB’s MLS® System in September 2019. This result represented strong year-over-year sales growth of 22 per cent compared to 6,414 sales reported in September 2018. It is important to note, however, that sales remain well-below the record September 2016 peak of more than 9,800 sales. 

On a preliminary seasonally adjusted basis, the September 2019 sales level remained in virtually the same as the August 2019 result. 

The supply of listings continued to be a concern in September 2019, with new listings down by 1.9 percent year-over-year to 15,611. We have experienced multiple months this year wherein the annual rate of sales growth outpaced the annual rate of new listings growth, resulting in the overall number of active listings at month-end being well-below last year’s levels. This speaks to tightening market conditions and an accelerating annual rate of price growth. 

The annual rate of price growth in September reached the highest point so far in 2019. The MLS® Home Price Index (HPI) Composite Benchmark was up by 5.2 per cent on a year-over-year basis in September. The average selling price for all home types combined was up by a similar annual rate of 5.8 percent to $843,115. 

On a preliminary seasonally adjusted basis, the September 2019 average selling price was up by 1.2 percent compared to August 2019.

Breaking Down The Numbers

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

Detached

3,618 | +21.3%

$978,920 | +0.3%

Townhouse

1,292 | +13.7%

$620,927| +2.3%

Semi-Detached

642 | +11.8%

$768,320 | +3.5%

Condo Apt.

2,067 | +4.0%

$574,632 | +6.1%

Detached in September 2019

Detached sales and average price stats for the 416 & 905 area codes 

Sales 416

909 |+37.9% 

Avg. 416

$1,360,623 | +1.2%

Sales 905

2,707 | +28.9%

Avg. 905

$946,256 | +4.5%

Semi-Detached September 2019

Semi-Detached sales and average price stats for the 416 & 905 area codes. 

Sales (416)

283 |+12.3% 

Avg Price (416)

$1,069,119 | +7.0%

Sales (905)

463 | +16.9%

Avg Price (905)

$689,950 | +4.2%

Townhouses September 2019

Townhouse sales and average price stats for the 416 & 905 area codes. 

Sales (416)

333 |+33.2% 

Avg Price (416)

$785,890 | +5.7%

Sales (905)

965 | +16.9%

Avg Price (905)

$639,945 | +6.5%

Condos September 2019

Condo sales and average price stats for the 416 & 905 area codes

Sales (416)

1,450 |+13.5%

Avg Price (416)

$636,817 | +3.3%

Sales (905)

621 | +22.0%

Avg Price (905)

$497,403 | +9.2%

Economic Indicators

  • Real GDP Growth | Q2 - 2019
    +3.7%
  • Toronto Employment | August 2019
    +4.2%
  • Inflation Rate (Yr/Yr CPI Growth) | August 2019
    List Item Value 3333
  • Toronto Unemployment Rate | August 2019
    5.9%
  • Bank of Canada Overnight Rate | September 2019
    List Item Value 3333
  • Prime Rate | September 2019
    3.95%
  • Mortgage Rates Sept 2019 (1yr/3Yr|5Yr)
    3.64%|3.94%|5.19%
We use cookies to enhance your browsing experience and deliver our services. By continuing to visit this site, you agree to our use of cookies. More info