{"id":1573,"date":"2022-03-10T22:32:10","date_gmt":"2022-03-10T22:32:10","guid":{"rendered":"https:\/\/dev.wahi.com\/wp\/?p=1573"},"modified":"2024-01-05T14:40:09","modified_gmt":"2024-01-05T14:40:09","slug":"toronto-housing-market","status":"publish","type":"post","link":"https:\/\/wahi.com\/ca\/en\/learning-centre\/toronto-housing-market","title":{"rendered":"Toronto Housing Market Report"},"content":{"rendered":"\n\n\n\n\n[et_pb_section fb_built=”1″ _builder_version=”4.18.0″ _module_preset=”default” custom_padding=”55px||5px||false|false” hover_enabled=”0″ global_colors_info=”{}” custom_margin__hover_enabled=”off|desktop” sticky_enabled=”0″][et_pb_row _builder_version=”4.18.0″ _module_preset=”default” width=”95%” max_width=”100%” custom_margin=”||-24px||false|false” custom_padding=”55px||||false|false” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][wahi_breadcrumb _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][wahi_breadcrumb-link title=”Real Estate 101″ _builder_version=”4.18.0″ _dynamic_attributes=”link_option_url” _module_preset=”default” link_option_url=”@ET-DC@eyJkeW5hbWljIjp0cnVlLCJjb250ZW50IjoicG9zdF9saW5rX3VybF9wYWdlIiwic2V0dGluZ3MiOnsicG9zdF9pZCI6IjcyMiJ9fQ==@” global_colors_info=”{}”][\/wahi_breadcrumb-link][wahi_breadcrumb-link title=”Sell” _builder_version=”4.18.0″ _dynamic_attributes=”link_option_url” _module_preset=”default” link_option_url=”@ET-DC@eyJkeW5hbWljIjp0cnVlLCJjb250ZW50IjoicG9zdF9saW5rX3VybF9wYWdlIiwic2V0dGluZ3MiOnsicG9zdF9pZCI6IjE2MzIifX0=@” global_colors_info=”{}”][\/wahi_breadcrumb-link][wahi_breadcrumb-link title=”@ET-DC@eyJkeW5hbWljIjp0cnVlLCJjb250ZW50IjoicG9zdF90aXRsZSIsInNldHRpbmdzIjp7ImJlZm9yZSI6IiIsImFmdGVyIjoiIn19@” _builder_version=”4.18.0″ _dynamic_attributes=”title” _module_preset=”default” module_text_color=”#686E6E” global_colors_info=”{}”][\/wahi_breadcrumb-link][\/wahi_breadcrumb][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.18.0″ _dynamic_attributes=”content” _module_preset=”default” header_font_size=”3.5rem” header_line_height=”4.5rem” header_font_size_tablet=”42px” header_font_size_phone=”2rem” header_font_size_last_edited=”on|phone” header_line_height_tablet=”4.5rem” header_line_height_phone=”2.5rem” header_line_height_last_edited=”on|desktop” global_colors_info=”{}”]@ET-DC@eyJkeW5hbWljIjp0cnVlLCJjb250ZW50IjoicG9zdF90aXRsZSIsInNldHRpbmdzIjp7ImJlZm9yZSI6IjxoMT4iLCJhZnRlciI6IjwvaDE+In19@[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.18.0″ _module_preset=”default” custom_padding=”3px||3px|||” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][wahi_socialsharing _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][\/wahi_socialsharing][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.18.0″ _module_preset=”default” custom_padding=”||37px|||” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.18.0″ _module_preset=”default” text_font_size=”24px” text_line_height=”1.5em” custom_margin=”||14px|||” global_colors_info=”{}”]
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2021 Year-in-Review:\u00a0Transaction Trends for the Communities within the Municipality of Toronto<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>[\/et_pb_text][et_pb_text _builder_version=”4.18.0″ _module_preset=”default” text_font_size=”1.13rem” text_line_height=”1.18rem” custom_margin=”||7px|||” global_colors_info=”{}”]

By John Peloza, CFA | 14 minute read<\/p>[\/et_pb_text][et_pb_post_title title=”off” author=”off” date_format=”M j” categories=”off” comments=”off” featured_image=”off” _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_post_title][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.18.0″ _module_preset=”default” width_tablet=”” width_phone=”100%” width_last_edited=”on|phone” max_width_tablet=”” max_width_phone=”100%” max_width_last_edited=”on|phone” custom_padding=”0px||0px||true|false” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_image src=”https:\/\/wahi.com\/wp-content\/uploads\/2022\/11\/Toronto-Housing-Market-PAGE1.jpg” title_text=”Toronto-Housing-Market-PAGE1″ show_in_lightbox=”on” align=”center” force_fullwidth=”on” _builder_version=”4.18.0″ _module_preset=”default” custom_margin=”||9px|||” custom_padding=”1px|||||” border_radii=”on|32px|32px|32px|32px” border_radii_tablet=”on|32px|32px|32px|32px” border_radii_phone=”on|0px|0px|0px|0px” border_radii_last_edited=”on|phone” global_colors_info=”{}”][\/et_pb_image][et_pb_text _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”]

(Click infographic to enlarge)\u00a0 \u00a0 \u00a0Download here<\/a><\/p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.18.0″ _module_preset=”default” custom_padding=”49px|||||” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.18.0″ _module_preset=”default” text_font_size=”21px” text_line_height=”1.6em” header_2_font=”||||||||” header_2_font_size=”2rem” header_2_line_height=”2.5rem” header_3_font_size=”1.25rem” header_3_line_height=”1.88rem” header_4_font=”|700|||||||” header_4_font_size=”1.25rem” header_4_line_height=”1.88rem” custom_padding=”||38px|||” header_2_font_size_tablet=”36px” header_2_font_size_phone=”1.5rem” header_2_font_size_last_edited=”on|phone” header_2_line_height_tablet=”1.3em” header_2_line_height_phone=”2.25rem” header_2_line_height_last_edited=”on|phone” global_colors_info=”{}”]

As it has been well-reported by the Canadian Real Estate Association (CREA), the Canadian housing market had a record year. The number of residential homes sold was up 20.7% year-over-year, smashing the previous record set in 2020, while average prices increased 21.3% on the year. Unprecedented buyer demand driven by increased immigration, a large population cohort of first-time homebuyers, and low mortgage rates have led to a significant supply-demand imbalance. Across the country, housing inventory is at historic lows.<\/p>\n

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Canada experienced strong price gains and unusually high sales activity in 2021, with the Maritime provinces and Ontario leading the country with annual average prices in New Brunswick, Ontario, and Nova Scotia<\/a> up 25.7%, 23.6%, and 23.2% respectively. The accelerated trend of remote work and the greater affordability offered by secondary markets are the main drivers behind the growth experienced in these provinces. Unlike Nova Scotia and New Brunswick, Ontario boasts the largest population centre in the country, and evidence of Torontonians moving farther away from the urban core can be seen in the price changes within the municipality of Toronto compared to the provincial average.<\/p>\n

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House Prices in Toronto<\/h2>\n

The municipality of Toronto is bounded by Steeles Avenue to the north and comprises three main regions: Etobicoke to the west, Toronto and York in the centre (Toronto Central), and Scarborough<\/a> in the east. Across these regions, the Toronto Regional Real Estate Board (TRREB) recorded just under 45,000 overall transactions during the year, up 32.4% since 2020. Sales activity in Toronto grew at a faster rate than in the rest of Ontario and Canada because of the extreme decline in sales activity in large cities in March 2020, the start of the pandemic. However, despite strong growth in annual sales, the average price was up a much healthier 7.8% compared to all of Ontario (+23.6%). The median price increase, which compares the middle-priced home sold in 2021 to the middle-priced home sold in 2020 and is therefore not skewed by outlier prices, was only 5.7% for the municipality of Toronto.<\/p>[\/et_pb_text][et_pb_image src=”https:\/\/wahi.com\/wp-content\/uploads\/2022\/11\/agincourt-construction.jpg” title_text=”agincourt-construction” align=”center” _builder_version=”4.18.0″ _module_preset=”default” max_width=”800px” custom_margin=”||13px|||” border_radii=”on|32px|32px|32px|32px” global_colors_info=”{}”][\/et_pb_image][et_pb_text _builder_version=”4.18.0″ _module_preset=”default” text_font_size=”21px” text_line_height=”1.6em” header_2_font=”||||||||” header_2_font_size=”2rem” header_2_line_height=”2.5rem” header_3_font_size=”1.25rem” header_3_line_height=”1.88rem” header_4_font=”|700|||||||” header_4_font_size=”1.25rem” header_4_line_height=”1.88rem” custom_margin=”48px|||||” custom_padding=”||38px|||” header_2_font_size_tablet=”36px” header_2_font_size_phone=”1.5rem” header_2_font_size_last_edited=”on|phone” header_2_line_height_tablet=”1.3em” header_2_line_height_phone=”2.25rem” header_2_line_height_last_edited=”on|phone” global_colors_info=”{}”]

Condo Prices in Toronto<\/h2>\n

Across the three regions, Toronto Central saw the highest increase in annual sales activity, up 45.9% compared to 2021. This has been driven by its many existing and new-build condo projects, which represented close to 70% of the units sold in Toronto Central in 2021. However, the median price in Toronto Central grew only 2.1% to $766,000, while median prices in Etobicoke and Scarborough<\/a> were both up 12%. While many young and retiring Canadians alike are still flocking to the urban core of Toronto, neighbourhoods that offer larger homes and more living space have seen prices grow at a faster rate. This insight holds true for property types, with semi-detached and detached properties experiencing the greatest annual increase in median sold price for Etobicoke, Toronto, and Scarborough<\/a> when compared to their condominium and townhome counterparts.<\/p>\n

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Downtown Toronto Leads Annual Growth in Sales but Greatest Price Gains in Suburbs<\/h2>\n

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The Entertainment District<\/b><\/h3>[\/et_pb_text][et_pb_image src=”https:\/\/wahi.com\/wp-content\/uploads\/2022\/11\/entertainmentdistrict-streetcar.jpg” title_text=”entertainmentdistrict-streetcar” align=”center” _builder_version=”4.18.0″ _module_preset=”default” max_width=”800px” custom_margin=”||13px|||” border_radii=”on|32px|32px|32px|32px” global_colors_info=”{}”][\/et_pb_image][et_pb_text _builder_version=”4.18.0″ _module_preset=”default” text_font_size=”21px” text_line_height=”1.6em” header_2_font=”||||||||” header_2_font_size=”2rem” header_2_line_height=”2.5rem” header_3_font_size=”1.25rem” header_3_line_height=”1.88rem” header_4_font=”|700|||||||” header_4_font_size=”1.25rem” header_4_line_height=”1.88rem” custom_margin=”48px|||||” custom_padding=”||15px|||” header_2_font_size_tablet=”36px” header_2_font_size_phone=”1.5rem” header_2_font_size_last_edited=”on|phone” header_2_line_height_tablet=”1.3em” header_2_line_height_phone=”2.25rem” header_2_line_height_last_edited=”on|phone” global_colors_info=”{}”]

Downtown Toronto is defined as the area south of Bloor street. The downtown core is separated by Yonge street into two communities: Old Toronto East and the Entertainment District in the west. Downtown west, or the Entertainment District, is home to some of the city’s most vibrant neighbourhoods like Little Italy, Chinatown, Trinity Bellwoods, King-West, and Kensington Market. Closer to the waterfront, the Fort York Historic Site and Exhibition Place feature an array of green space and outdoor venues for sporting events, festivals, and concerts. Popular with young professionals, the Entertainment District is growing fast, with more than double the homes sold in 2021 than any other community in Toronto. This is primarily driven by a multitude of large-scale condo developments in the area, with 84.4% of sales in 2021 being condominiums. In 2021, the Entertainment District saw an annual increase in overall transactions of 53.5%, second only to Old Toronto East, with a median sales price of $725,000, up a modest 2.8% compared to the 2020 median price.<\/p>\n

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St. Lawrence Market<\/b><\/p>\n

[\/et_pb_text][et_pb_image src=”https:\/\/wahi.com\/wp-content\/uploads\/2022\/11\/st-lawerence-discover.jpg” title_text=”st-lawerence-discover” align=”center” _builder_version=”4.18.0″ _module_preset=”default” max_width=”800px” custom_margin=”||13px|||” border_radii=”on|32px|32px|32px|32px” global_colors_info=”{}”][\/et_pb_image][et_pb_text _builder_version=”4.18.0″ _module_preset=”default” text_font_size=”21px” text_line_height=”1.6em” header_2_font=”||||||||” header_2_font_size=”2rem” header_2_line_height=”2.5rem” header_3_font_size=”1.25rem” header_3_line_height=”1.88rem” header_4_font=”|700|||||||” header_4_font_size=”1.25rem” header_4_line_height=”1.88rem” custom_margin=”48px|||||” custom_padding=”||9px|||” header_2_font_size_tablet=”36px” header_2_font_size_phone=”1.5rem” header_2_font_size_last_edited=”on|phone” header_2_line_height_tablet=”1.3em” header_2_line_height_phone=”2.25rem” header_2_line_height_last_edited=”on|phone” global_colors_info=”{}”]

To the east of Yonge street, Old Toronto East is also predominantly high-density apartments, with 89.8% of units sold in 2021 being condominiums. Old Toronto East features some of the oldest and most historic landmarks in the city, with St. Lawrence<\/a> Market and the Distillery District being two notable examples of popular spots for shopping and dining. Closer to the Bloor boundary, Ryerson University, with its large student population, contributes to the vibrant nightlife along the Church-Yonge corridor. Old Toronto East led all Toronto communities for growth in sales activity, with the number of properties sold up 54.8% compared to 2020. The median sale price was $695,000, up 3.0% for the year. Collectively, these two communities comprising downtown Toronto accounted for close to a quarter of all municipality property sales in 2021.<\/p>\n

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Willowdale-Newtonbrook East<\/b><\/h3>[\/et_pb_text][et_pb_image src=”https:\/\/wahi.com\/wp-content\/uploads\/2022\/11\/willowdale-neighbourhood.jpg” title_text=”willowdale-neighbourhood” align=”center” _builder_version=”4.18.0″ _module_preset=”default” max_width=”800px” custom_margin=”||13px|||” border_radii=”on|32px|32px|32px|32px” global_colors_info=”{}”][\/et_pb_image][et_pb_text _builder_version=”4.18.0″ _module_preset=”default” text_font_size=”21px” text_line_height=”1.6em” header_2_font=”||||||||” header_2_font_size=”2rem” header_2_line_height=”2.5rem” header_3_font_size=”1.25rem” header_3_line_height=”1.88rem” header_4_font=”|700|||||||” header_4_font_size=”1.25rem” header_4_line_height=”1.88rem” custom_margin=”48px|||||” custom_padding=”||9px|||” header_2_font_size_tablet=”36px” header_2_font_size_phone=”1.5rem” header_2_font_size_last_edited=”on|phone” header_2_line_height_tablet=”1.3em” header_2_line_height_phone=”2.25rem” header_2_line_height_last_edited=”on|phone” global_colors_info=”{}”]

After Old Toronto and the Entertainment District, the only other community with a +50% increase in sales activity in 2021 was Willowdale-Newtonbrook East, also located in Toronto Central. The community is located near the northern border of the Toronto municipality, bordered by Steeles to the north, the 401 to the south, and Yonge and Bayview to the west and east. It is a primarily residential area with the majority (71.4%) of homes being condominiums. The median price in this community rose modestly in 2021, up 4.4% to $710,000, but it notably had an average sales price that was 43.5% greater than its median sale in 2021. This discrepancy between average price and median price is an indication of the greater variety of detached, semi-detached, and other luxury neighbourhoods in Willowdale-Newtonbrook East. For comparison, the Entertainment District and Old Toronto, which feature a more consistent housing mix of standard condominiums, had average prices that were 20.8% and 15.7% greater than their median sales.<\/p>\n

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Scarborough and Etobicoke communities led the way for Price Gains in 2021 after Toronto community of Bridle Path and St. Andrews<\/h2>\n

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The Bridle Path and St. Andrews<\/b><\/h3>[\/et_pb_text][et_pb_image src=”https:\/\/wahi.com\/wp-content\/uploads\/2022\/11\/bridle-path-home.jpg” title_text=”bridle-path-home” align=”center” _builder_version=”4.18.0″ _module_preset=”default” max_width=”800px” custom_margin=”||13px|||” border_radii=”on|32px|32px|32px|32px” global_colors_info=”{}”][\/et_pb_image][et_pb_text _builder_version=”4.18.0″ _module_preset=”default” text_font_size=”21px” text_line_height=”1.6em” header_2_font=”||||||||” header_2_font_size=”2rem” header_2_line_height=”2.5rem” header_3_font_size=”1.25rem” header_3_line_height=”1.88rem” header_4_font=”|700|||||||” header_4_font_size=”1.25rem” header_4_line_height=”1.88rem” custom_margin=”48px|||||” custom_padding=”||9px|||” header_2_font_size_tablet=”36px” header_2_font_size_phone=”1.5rem” header_2_font_size_last_edited=”on|phone” header_2_line_height_tablet=”1.3em” header_2_line_height_phone=”2.25rem” header_2_line_height_last_edited=”on|phone” global_colors_info=”{}”]

Detached Home Prices in Toronto<\/h2>\n

With less than 400 property sales in 2021, the\u00a0Bridle Path and St. Andrews community is one of\u00a0the most exclusive areas in Toronto.\u00a0 Located to the north of Eglinton and south of the 401, this residential area is mostly comprised of large lots and plenty of green space. Sixty-five per cent of units sold in 2021 were detached homes, with a median sales price of $2,817,500. The median price was up 31.7%\u00a0 compared to 2020, leading the way for all 35 communities within the Toronto municipality. Bounded by Yonge Street to the west and the Don Valley river to the east, the Bridle Path and St. Andrews is a secluded neighbourhood that is often referred to as “Millionaire’s Row.” Over the years, many celebrities have set up residence here, including Drake, Prince, and Celine Dion. With the COVID-19 pandemic driving the need for more space, the Bridle Path and St. Andrews neighbourhoods saw their median days on market fall from 18 days in 2020 to 10 days in 2021, with buyers quick to act on the limited opportunities in these areas.<\/p>\n

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After the Bridle Path and St. Andrews, the next 10 communities that experienced the highest median price growth were in Etobicoke and Scarborough<\/a>. In Scarborough<\/a>, the Agincourt community saw the second-highest growth in median sales price, up 23.7% compared to 2020. Bounded by Steeles Avenue to the north and the 401 to the south, Agincourt saw the highest annual increase in overall transactions (39.7%) for Scarborough<\/a> in 2021. The high-growth community, running between Kennedy and Markham roads and centred at the intersection of Finch Avenue and McCowan Road, is comprised of an equal split between detached homes and condominiums. With a median sales price of only $770,000 in 2021, the affordability of the Agincourt neighbourhood plays a large part in its recent and significant price appreciation.<\/p>\n

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Agincourt<\/b><\/h3>[\/et_pb_text][et_pb_image src=”https:\/\/wahi.com\/wp-content\/uploads\/2022\/11\/agincourt-townhomes.jpg” title_text=”agincourt-townhomes” align=”center” _builder_version=”4.18.0″ _module_preset=”default” max_width=”800px” custom_margin=”||13px|||” border_radii=”on|32px|32px|32px|32px” global_colors_info=”{}”][\/et_pb_image][et_pb_text _builder_version=”4.18.0″ _module_preset=”default” text_font_size=”21px” text_line_height=”1.6em” header_2_font=”||||||||” header_2_font_size=”2rem” header_2_line_height=”2.5rem” header_3_font_size=”1.25rem” header_3_line_height=”1.88rem” header_4_font=”|700|||||||” header_4_font_size=”1.25rem” header_4_line_height=”1.88rem” custom_margin=”48px|||||” custom_padding=”||9px|||” header_2_font_size_tablet=”36px” header_2_font_size_phone=”1.5rem” header_2_font_size_last_edited=”on|phone” header_2_line_height_tablet=”1.3em” header_2_line_height_phone=”2.25rem” header_2_line_height_last_edited=”on|phone” global_colors_info=”{}”]

Third in median price growth in 2021 was East Humber Downsview, a large Etobicoke community bordered to the north by Steeles Avenue, Highway 401 to the south, Allen Road to the east, and the Humber River to the west. East Humber-Downsview is comprised mostly of detached homes (49.9%) with a good mix of condos and townhouses. The median sales price for 2021 was $860,000, up 19.8% for the year. East Humber-Downsview also led all Etobicoke communities for year-over-year growth in sales activity, up 31.2% in units sold compared to 20.6% for all of Etobicoke. The community has a variety of industrial land uses, notably around Humber Summit and near the Downsview Airport, while also featuring many parks and rivers. Black Creek flows east of Jane St. and Finch Ave., with green areas like Northwood Park and Downsview Dells Park, as well as Albion Gardens and Rowntree Mills Park on the banks of the Humber River to the west.<\/p>\n

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East Humber<\/b><\/p>\n

[\/et_pb_text][et_pb_image src=”https:\/\/wahi.com\/wp-content\/uploads\/2022\/12\/humberlea-home.jpg” title_text=”humberlea-home” align=”center” _builder_version=”4.18.0″ _module_preset=”default” max_width=”800px” custom_margin=”||13px|||” border_radii=”on|32px|32px|32px|32px” global_colors_info=”{}”][\/et_pb_image][et_pb_text _builder_version=”4.18.0″ _module_preset=”default” text_font_size=”21px” text_line_height=”1.6em” header_2_font=”||||||||” header_2_font_size=”2rem” header_2_line_height=”2.5rem” header_3_font_size=”1.25rem” header_3_line_height=”1.88rem” header_4_font=”|700|||||||” header_4_font_size=”1.25rem” header_4_line_height=”1.88rem” custom_margin=”48px||48px|||” custom_padding=”||9px|||” header_2_font_size_tablet=”36px” header_2_font_size_phone=”1.5rem” header_2_font_size_last_edited=”on|phone” header_2_line_height_tablet=”1.3em” header_2_line_height_phone=”2.25rem” header_2_line_height_last_edited=”on|phone” global_colors_info=”{}”]

Most notably, East Humber Downsview was one of only three Toronto communities with an average sales price that was lower than its median price in 2021. This is attributable to a greater proportion of low-income housing in certain pockets of the community since low sale prices will skew average values lower. Nonetheless, the community experienced a significant increase in buyer demand, with the average sales price also gaining 19.3% for the year, outperforming the average price gain for all of Etobicoke (10.5%), as well as the entire Toronto municipality (7.8%).<\/p>[\/et_pb_text][et_pb_image src=”https:\/\/wahi.com\/wp-content\/uploads\/2022\/11\/Toronto-Housing-Market-PAGE2.jpg” title_text=”Toronto-Housing-Market-PAGE2″ show_in_lightbox=”on” align=”center” force_fullwidth=”on” _builder_version=”4.18.0″ _module_preset=”default” custom_margin=”||13px|||” border_radii=”on|32px|32px|32px|32px” global_colors_info=”{}”][\/et_pb_image][et_pb_text _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”]

(Click infographic to enlarge) \u00a0 \u00a0 \u00a0Download here<\/a><\/p>[\/et_pb_text][et_pb_text _builder_version=”4.18.0″ _module_preset=”default” text_font_size=”21px” text_line_height=”1.6em” header_2_font=”||||||||” header_2_font_size=”2rem” header_2_line_height=”2.5rem” header_3_font_size=”1.25rem” header_3_line_height=”1.88rem” header_4_font=”|700|||||||” header_4_font_size=”1.25rem” header_4_line_height=”1.88rem” custom_margin=”48px|||||” custom_padding=”||9px|||” header_2_font_size_tablet=”36px” header_2_font_size_phone=”1.5rem” header_2_font_size_last_edited=”on|phone” header_2_line_height_tablet=”1.3em” header_2_line_height_phone=”2.25rem” header_2_line_height_last_edited=”on|phone” global_colors_info=”{}”]

Toronto Housing Market Sales Activity<\/h2>\n

As we approach the end of 2022\u2019s first quarter, an update on sales activity across these Toronto communities will help consumers understand how the market is changing. Relative to 2020, a challenging year for large urban centres like Toronto, every Toronto community reported an increased sales activity in 2021, with the Beaches reporting the lowest annual gain at 1.3%. From a price perspective, only two communities located in Toronto Central \u2013 Rosedale and Mount Pleasant \u2013 saw decreases to both their average and median sale prices in 2021. On the following pages, a table outlining key transaction trends by community and supporting map is presented,\u00a0with all but one community reporting a decreased or unchanged median selling time during 2021.<\/p>[\/et_pb_text][et_pb_image src=”https:\/\/wahi.com\/wp-content\/uploads\/2022\/11\/Toronto-Housing-Market-PAGE3.jpg” title_text=”Toronto-Housing-Market-PAGE3″ show_in_lightbox=”on” align=”center” force_fullwidth=”on” _builder_version=”4.18.0″ _module_preset=”default” custom_margin=”||13px|||” border_radii=”on|32px|32px|32px|32px” global_colors_info=”{}”][\/et_pb_image][et_pb_text _builder_version=”4.18.0″ _module_preset=”default” custom_margin=”||37px|||” global_colors_info=”{}”]

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The Toronto Housing Market Report will be updated on a quarterly basis throughout 2022. Subscribe to Wahi\u2019s newsletter to receive report updates and other market notifications.<\/p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”4.18.0″ _module_preset=”default” custom_padding=”0px||0px||true|false” global_module=”1002″ saved_tabs=”all” global_colors_info=”{}”][et_pb_row _builder_version=”4.18.0″ _module_preset=”default” width=”100%” max_width=”100%” custom_padding=”0px||0px||true|false” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][wadl_newsletter_signup heading_text=”Stay up to date with real estate” disclaimer_text=”By clicking \u201csubscribe\u201d you agree to receive occasional emails from Wahi. You always have the option to unsubscribe at any time if you wish.” email_helper_text=”Email” cta_text=”SUBSCRIBE” cta_alt_text=”SUBSCRIBE” cta_success_text=”Thank you!” _builder_version=”4.18.0″ _module_preset=”default” locked=”off” global_colors_info=”{}”][\/wadl_newsletter_signup][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”4.18.0″ _module_preset=”default” custom_padding=”42px||4px||false|” global_colors_info=”{}”][et_pb_row _builder_version=”4.18.0″ _module_preset=”default” custom_padding=”5px||5px|||” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_blurb title=”John Peloza, CFA” image=”https:\/\/wahi.com\/wp-content\/uploads\/2022\/11\/Screen-Shot-2022-11-02-at-7.46.57-PM.png” icon_placement=”left” image_icon_width=”64px” _builder_version=”4.18.0″ _module_preset=”default” header_font=”|700|||||||” header_font_size=”24px” header_line_height=”18px” body_font_size=”20px” body_line_height=”2em” max_width=”350px” module_alignment=”left” custom_margin=”||72px|||” custom_padding=”60px||||false|false” global_colors_info=”{}”]

Wahi writer<\/p>[\/et_pb_blurb][et_pb_text _builder_version=”4.18.0″ _module_preset=”default” text_font_size=”21px” text_line_height=”1.6em” header_2_font=”||||||||” header_2_font_size=”2rem” header_2_line_height=”2.5rem” header_3_font_size=”1.25rem” header_3_line_height=”1.88rem” header_4_font=”|700|||||||” header_4_font_size=”1.25rem” header_4_line_height=”1.88rem” custom_margin=”48px|||||” custom_padding=”||9px|||” header_2_font_size_tablet=”36px” header_2_font_size_phone=”1.5rem” header_2_font_size_last_edited=”on|phone” header_2_line_height_tablet=”1.3em” header_2_line_height_phone=”2.25rem” header_2_line_height_last_edited=”on|phone” global_colors_info=”{}”]

What Can You Afford?<\/h2>\n

Use our mortgage calculator to calculate your total monthly expenses for a property.<\/p>[\/et_pb_text][et_pb_button button_url=”\/listings\/calculators” button_text=”Mortgage Calculator” _builder_version=”4.18.0″ _module_preset=”default” custom_button=”on” button_text_color=”#000000″ button_bg_color=”RGBA(255,255,255,0)” button_border_width=”1px” button_icon=”||divi||400″ button_icon_color=”#686E6E” button_icon_placement=”left” button_on_hover=”off” global_colors_info=”{}”][\/et_pb_button][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”4.18.0″ _module_preset=”default” custom_padding=”13px|||||” global_colors_info=”{}”][et_pb_row _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][wahi_socialsharing _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][\/wahi_socialsharing][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.18.0″ _module_preset=”default” custom_padding=”||3px|||” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.18.0″ _module_preset=”default” header_2_font_size=”42px” header_2_line_height=”1.3em” global_colors_info=”{}”]

You might also like<\/h2>[\/et_pb_text][et_pb_blog fullwidth=”off” posts_number=”3″ include_categories=”21,22″ show_author=”off” show_excerpt=”off” show_pagination=”off” _builder_version=”4.18.0″ _module_preset=”default” header_font_size=”24px” header_line_height=”1.3em” border_width_all=”0px” border_radii_image=”on|12px|12px|12px|12px” global_colors_info=”{}”][\/et_pb_blog][\/et_pb_column][\/et_pb_row][\/et_pb_section]\n\n\n\n\n","protected":false},"excerpt":{"rendered":"

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