Monday Market Report | Toronto Real Estate Analysis

Here's your week recap of what happened in the Toronto real estate market last week from November 14-20th, 2022.

These stats relate to the City of Toronto
(Lake Ontario -> North York | Scarborough -> Etobicoke)

Average Condo Prices

1-Bed = $537,370

27 condos sold
Average % of list price = 99%
Average DOM = 28
Most affordable = $332,500 | 669 Sq. Ft unit with parking @ Gardiner & QEW (Etobicoke)
Most expensive = $809,000 | 830 Sq. Ft loft with parking in Leslieville

1-Bed + Den = $636,588

38 condos sold
Average % of list price = 100%
Average DOM = 30
Most affordable = $405,000 | 871 Sq. Ft unit with parking @ Steeles & Kipling
Most expensive = $845,000 | 500-600 Sq.Ft ~ no parking @ Yonge & Bloor

2-Bed = $876,372

54 condos sold
Average % of list price = 99%
Average DOM = 27
Most affordable = $455,000 | 1000-1200 Sq. Ft unit with parking & locker @ Kingston & Eglinton
Most expensive = $2,570,000 | 1200-1400 Sq. Ft unit with parking & locker in Yorkville

3-Bed = $899,050

10 condos sold
Average % of list price = 103%
Average DOM = 17
Most affordable = $446,000 | 1200-1400 Sq. Ft unit with 3 parking @ Jane & Sheppard
Most expensive = $1,600,000 | 1912 Sq. Ft unit with parking @ Humber Bay (Etobicoke)

Average House Prices

2-Bed = $1,141,279

19 homes sold
Average % of list price = 98%
Average DOM = 19
Most affordable = $600,000 | Detached bungalow with 2 parking @ Birchmount & Danforth
Most expensive = $3,380,000 | Detached bungalow with 4 parking @ Bayview & York Mills

3-Bed = $1,227,215

81 homes sold
Average % of list price = 100%
Average DOM = 21
Most affordable = $700,000 | Detached 2-storey home with 3 parking @ St. Clair & Oakwood
Most expensive = $2,710,000 | Detached Backsplit home with 6 parking @ York Mills & Cedarwood

4-Bed = $2,033,601

28 homes sold
Average % of list price = 96%
Average DOM = 26
Most affordable = $820,000 | Detached 2-storey home with 3 parking @ Weston & St. Clair
Most expensive = $5,500,000 | Detached 3-storey home with 3 parking @ High Park

Market Observations

Overall we saw quite similar amount of sales to the prior week however there has seemed to be a shift with more luxury properties being sold which has driven up the average price for many sectors.

The 1-bed condo sector saw more affordable units sold last week vs. the week prior
2-bed units continue to be the most active sector for the condo market
3-bed condos are selling for more than list price (due to lack of inventory)
Housing sector saw more sales in the luxury category ($1.5mil+), particularly for 4-bed homes
3-bed home sales are still the most active overall

Be sure to check back next Monday for the latest Toronto real estate stats!

Let me know if you have any questions about the marketplace in the comments below or on Instagram @TorontoRealEstate.ca!

Rylie C.