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 21-27th, 2022.

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

1-Bed = $614,297

37 condos sold
Average % of list price = 98%
Average DOM = 20
Most affordable = $315,000 | 700-800 Sq. Ft co-op unit with parking/locker @ Kennedy & Eglinton
Most expensive = $2,950,000 | 2250 Sq. Ft loft with parking/locker @ Queen & Sumach

1-Bed + Den = $588,279

29 condos sold
Average % of list price = 101%
Average DOM = 25
Most affordable = $358,000 | 800-900 Sq. Ft unit with parking/locker @ Scarlett Rd & Eglinton
Most expensive = $860,000 | 700-800 Sq. Ft unit with parking/locker @ Yonge & Queens Quay

2-Bed/2-Bed + Den = $789,469

82 condos sold
Average % of list price = 98%
Average DOM = 27
Most affordable = $350,000 | 1000-1200 Sq. Ft unit with parking @ Albion & Weston
Most expensive = $2,329,900 | 1073 Sq. Ft unit with parking @ Spadina & Bremner (CityPlace ~ newest building)

3-Bed/3-Bed + Den = $927,245

13 condos sold
Average % of list price = 98%
Average DOM = 32
Most affordable = $560,000 | 1000-1200 Sq. Ft unit with parking @ Warden & Finch
Most expensive = $1,875,000 | 1400-1600 Sq. Ft unit with 2 parking/1 locker @ Bay & Harbour

2-Bed = $1,167,215

14 homes sold
Average % of list price = 99%
Average DOM = 20
Most affordable = $693,500 | Detached bungalow with 5 parking @ Jane & Lawrence
Most expensive = $2,300,000 | 3-Storey townhouse with 2 parking @ Spadina & Dupont

3-Bed = $1,166,419

67 homes sold
Average % of list price = 102%
Average DOM = 19
Most affordable = $690,000 | Detached bungalow with 4 parking @ Weston & Jane
Most expensive = $4,050,000 | 3-Storey townhouse with 1 parking in Yorkville

4-Bed = $1,837,237

33 homes sold
Average % of list price = 100%
Average DOM = 21
Most affordable = $890,000 | 2-Storey Row/Town with 1 parking @ Dupont & Symington
Most expensive = $4,300,000 | 2-Storey Detached with 8 parking @ Sheppard & Bayview

It seems that the market continues to be cooling off overall with the average sale price for almost every sector being down on a week-to-week basis.

1-bed condos sold the fastest @ only 20 DOM
1-Bed + Den condos had the highest % of listing price (101%) which can indicate more competition
2-Bed were still the most active in the condo sector
3-bed homes had the lowest days on market & highest % of listing price which shows strong demand

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.