Here's your week recap of what happened in the Toronto real estate market last week from November 21-27th, 2022.

These stats relate to the City of Toronto
(Lake Ontario -> North York | Scarborough -> Etobicoke)

Average Condo Prices

1-Bed = $614,297

  • 37 condos sold
  • Average % of list price = 98%
  • Average DOM = 20
  • Most affordable = $315,000 | 700-800 Sq. Ft co-op unit with parking/locker @ Kennedy & Eglinton
  • Most expensive = $2,950,000 | 2250 Sq. Ft loft with parking/locker @ Queen & Sumach

1-Bed + Den = $588,279

  • 29 condos sold
  • Average % of list price = 101%
  • Average DOM = 25
  • Most affordable = $358,000 | 800-900 Sq. Ft unit with parking/locker @ Scarlett Rd & Eglinton
  • Most expensive = $860,000 | 700-800 Sq. Ft unit with parking/locker @ Yonge & Queens Quay

2-Bed/2-Bed + Den = $789,469

  • 82 condos sold
  • Average % of list price = 98%
  • Average DOM = 27
  • Most affordable = $350,000 | 1000-1200 Sq. Ft unit with parking @ Albion & Weston
  • Most expensive = $2,329,900 | 1073 Sq. Ft unit with parking @ Spadina & Bremner (CityPlace ~ newest building)

3-Bed/3-Bed + Den = $927,245

  • 13 condos sold
  • Average % of list price = 98%
  • Average DOM = 32
  • Most affordable = $560,000 | 1000-1200 Sq. Ft unit with parking @ Warden & Finch
  • Most expensive = $1,875,000 | 1400-1600 Sq. Ft unit with 2 parking/1 locker @ Bay & Harbour

Average Home Prices

2-Bed = $1,167,215

  • 14 homes sold
  • Average % of list price = 99%
  • Average DOM = 20
  • Most affordable = $693,500 | Detached bungalow with 5 parking @ Jane & Lawrence
  • Most expensive = $2,300,000 | 3-Storey townhouse with 2 parking @ Spadina & Dupont

3-Bed = $1,166,419

  • 67 homes sold
  • Average % of list price = 102%
  • Average DOM = 19
  • Most affordable = $690,000 | Detached bungalow with 4 parking @ Weston & Jane
  • Most expensive = $4,050,000 | 3-Storey townhouse with 1 parking in Yorkville

4-Bed = $1,837,237

  • 33 homes sold
  • Average % of list price = 100%
  • Average DOM = 21
  • Most affordable = $890,000 | 2-Storey Row/Town with 1 parking @ Dupont & Symington
  • Most expensive = $4,300,000 | 2-Storey Detached with 8 parking @ Sheppard & Bayview

Market Observations

It seems that the market continues to be cooling off overall with the average sale price for almost every sector being down on a week-to-week basis.

  • 1-bed condos sold the fastest @ only 20 DOM
  • 1-Bed + Den condos had the highest % of listing price (101%) which can indicate more competition
  • 2-Bed were still the most active in the condo sector
  • 3-bed homes had the lowest days on market & highest % of listing price which shows strong demand

Be sure to check back next Monday for the latest Toronto real estate stats!

Let me know if you have any questions about the marketplace in the comments below or on Instagram @TorontoRealEstate.ca!

Rylie C.