The Toronto Real Estate Board reported 4,399 homes sold in December 2019. This December sales volume represents a typical for the time of year 38 percent decline from the sales volume reported for November 2019 but was 17.4 percent higher than the sales volume reported a year ago for December 2018.
This chart graphically depicts the number of single family homes sold in the years 1980 through to 2018. The volume of sales in the Toronto area experienced peaks in 1986 and 1988 followed by slow years during the early 1990's. Sales volume picked up from 1996 onwards. Sales of resale homes in 2016 were the highest recorded. Total sales volume in 2018 declined by approximately 31.5 percent from the high of 2016, and were 16.1 lower than 2017.
[Note: the Toronto Real Estate Board's geographic boundaries were changed during the period depicted in the graph, so direct comparisons between 1996 and 1986 for example, are not valid]
This chart depicts the number of resale homes sold to the end of December for each of the years 1991 through to 2019. While 2019 sales volume year-to-date was higher than 2018 it was still lower than the years 2013 through to 2017.
This chart depicts the number of active listings (properties for sale) on the Toronto Real Estate Board. There were 7,406 properties listed for sale in December 2019 which represents a 38 percent decline from the number of properties listed for sale in November 2019 and a 35 percent decline from the number of properties listed for sale a year ago in December 2018. The number of new listings coming onto the market in December was 18.1 percent lower than a year ago.
This chart breaks down single family residential sales during December 2019 into the various different categories of property such as single family detached, semi-detached, townhouse etc.
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This chart breaks down sales of single family homes during December 2019 into price ranges so that the most popular (highest selling) price ranges can be quickly determined. Sales volumes during December were highest in the $600,000 - $700,000 price range with sales in the $700,000 - $800,000 coming in second. The mix between sales of higher priced homes versus lower priced homes directly affects the average selling price reported for the month.