Monday Market Report | Toronto Real Estate Analysis | November 7-13th, 2022

Here's your week recap of what happened in the Toronto real estate market last week from November 7-13th, 2022.

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

Average Condo Prices

1-Bed = $608,226

• 19 condos sold
• Average % of list price = 99%
• Average DOM = 28

1-Bed + Den = $624,455

• 34 condos sold
• Average % of list price = 98%
• Average DOM = 28

2-Bed = $897,022

• 45 condos sold
• Average % of list price = 98%
• Average DOM = 37

3-Bed = $1,492,978

• 14 condos sold
• Average % of list price = 99%
• Average DOM = 21

Average House Prices

2-Bed = $1,067,385

• 13 homes sold
• Average % of list price = 102%
• Average DOM = 28

3-Bed = $1,258,848

• 71 homes sold
• Average % of list price = 102%
• Average DOM = 16

4-Bed = $1,674,759

• 29 homes sold
• Average % of list price = 99%
• Average DOM = 19

Most Affordable

Condo = $260,000
2-bed condo @ Caledonia & Lawrence

House = $600,000
2-bed detached @ Dufferin & Eglinton

Most Expensive

Condo = $4,900,000
3-bed + 1 condo townhouse @ Yonge & Rosedale

House = $5,925,000
5-bed detached @ Forest Hill

Market Observations

After the recent interest rate hike from the BOC, we have had another adjustment period that many buyers seem to be coming out right now

• More offers
• Less days on market
• Less negotiation (for houses ~ still some w condos)

If a property doesn't sell, likely it gets put up for rent (unless the seller is motivated)

• Rental market continues to be hyper-competitive with very little inventory & surging pricing

Have any questions about the the Toronto real estate market?

Let me know in the comments below or message me on Instagram @TorontoRealEstate.ca !

Rylie C.