Sales for the month of January 2020 were up 15.4% compared to January 2019 and the average price for all homes was also up 12.3%. See below for the Toronto Real Estate Board's annual Market Year in Review and Outlook Report.
Toronto Real Estate Board (TREB) Market Watch Report
TREB's Market Year in Review and Outlook Report
Below is a market snapshot of single family detached and condominium apartment price growth by municipality as of January 31, 2020.
The figures cited in this note are an average. Please contact us for neighbourhood specific information so you can make an informed decision if you are thinking about making a move.
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Single Family Detached Home Price Index
Toronto: +0.53% (1 Month), +1.61% (3 Month), +2.55% (6 Month), +6.81% (1 Year)
Mississauga: +1.84% (1 Month), +2.95% (3 Month), +2.99% (6 Month), +9.86% (1 Year)
Brampton: +1.54% (1 Month), +2.82% (3 Month), +4.20% (6 Month), +8.77% (1 Year)
Vaughan: +1.61% (1 Month), +2.77% (3 Month), +3.62% (6 Month), +10.28% (1 Year)
Richmond Hill: +0.56% (1 Month), +1.37% (3 Month), +1.55% (6 Month), +2.96% (1 Year)
Markham: +0.18% (1 Month), +0.61% (3 Month), +0.86% (6 Month), +3.23% (1 Year)
Condominium Apartment Home Price Index
Toronto: +0.84% (1 Month), +2.11% (3 Month), +3.54% (6 Month), +10.61% (1 Year)
Mississauga: 1.24% (1 Month), +4.82% (3 Month), +7.51% (6 Month), +15.19% (1 Year)
Brampton: -0.56% (1 Month), +0.60% (3 Month), +4.99% (6 Month), +11.15% (1 Year)
Vaughan: +0.90% (1 Month), +2.43% (3 Month), +3.28% (6 Month), +8.55% (1 Year)
Richmond Hill: +2.00% (1 Month), +2.17% (3 Month), +3.82% (6 Month), +8.66% (1 Year)
Markham: +1.44% (1 Month), +3.14% (3 Month), +5.00% (6 Month), +8.07% (1 Year)
*How to use these numbers: If on January 1, 2020 the value of a condo in Toronto was $600,000, it would be worth $605,040 on January 31, 2020 based on the Toronto home price index (HPI). That $600,000 condo appreciated $5,040 in January or $162.58 per day.
Prepared by Michael De Luca, Real Estate Sales Representative at Private Service Realty (PSR), Brokerage
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