Toronto Luxury Real Estate: February 2019 Market Report
February real estate market statistics are in for Toronto Real Estate Board. These statistics include only properties that sell on the MLS system so please know other sales do take place that are not included. I have decided moving forward to focus on 416 statistics and Central Toronto Statistics as that is where the bulk of my business takes place.
Average sale prices for Central Toronto were as follows: Detached home $1,963, 298 Semi-detached $1,341,742, Condo Townhome $830,141 and Condo Apartment $694, 942.
My Infographic is now based on all properties within the 416 area code with does include portions of the East and West communities that are an integral part of the Toronto real estate market.
You can see that the sales for the most part show an improvement year over year.
Average sale Price for the 416 area code properties: Detached homes $1,294,936, semi-detached $1,087,363, condo townhouse $764,569 and condominium apartment $612,488. The East and West areas perform a little below the central market hence the difference in average sales price. Condo apartments were up 7.4% year over year as that is where the affordability is. Detached homes were up a mere 0.08% year over year by comparison however semi-detached homes climbed 10.5% year over year!
This Chart provided by the Toronto Real Estate Board (TREB) shows the discrepancy between the 905 an 416 area codes.
Toronto Homes Sales Statistics
Chris Kapches February Market video for a full report