The Toronto Real Estate Board reported 7,228 homes sold in March 2018. This March sales volume represents a 40 percent increase over the sales volume reported for February 2018 but was also 40 percent lower than the record breaking sales volume reported for March 2017.
This chart graphically depicts the number of single family homes sold in the years 1980 through to 2017. 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 2017 declined by approximately 18 percent from the high of 2016.
[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 March for each of the years 1991 through to 2018. While 2018 sales year-to-date were 35 percent lower than 2017, they were also the lowest since 2009.
This chart depicts the number of active listings (properties for sale) on the Toronto Real Estate Board. There were 15,971 properties listed for sale in March 2018 which represents a 19.5 percent increase over the number of properties listed for sale in February 2018 and was 103 percent higher than the number of properties listed for sale in March 2018 in spite of the number of new listings coming onto the market in March being 12.4 percent lower than a year ago.
This chart breaks down single family residential sales during March 2018 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 March 2018 into price ranges so that the most popular (highest selling) price ranges can be quickly determined. Sales volumes during March were highest in the $600,000 - $700,000 price range with the $400,000 - $500,000 and $500,000 - $600,000 ranges close behind. The mix between sales of higher priced homes versus lower priced homes directly affects the average selling price reported for the month.