REAL August Market Review
Source: Toronto Regional Real Estate Board, Market Watch, August 2021
August 2021
GTA AREA Sales
Semi-Detached
Townhouse
Condo Apt
416
905
416
905
694
3,010
1,674,641
1,365,973
-30.2%
11.2%
-36.6%
egnahC tnecreP raeY-revO-raeY
Detached
Average Price
25.6%
228
522
1,214,624
951,629
-32.3%
-27.9%
4.1%
21.2%
328
1,181
905,520
865,196
1,738
806
720,832
618,997
13.2%
7.5%
7.1%
14.5%
-11.8%
-20.8%
8.3%
20.2%
“THE FACT THAT NEW LISTINGS WERE AT THE LOWEST LEVEL FOR THE PAST DECADE IS ALARMING. IT IS CLEAR THAT THE SUPPLY OF HOMES IS NOT KEEPING PACE WITH DEMAND, AND THIS SITUATION WILL BECOME WORSE ONCE IMMIGRATION INTO CANADA RESUMES. THE FEDERAL PARTIES VYING FOR OFFICE IN THE UPCOMING FEDERAL ELECTION HAVE ALL MADE HOUSING SUPPLY AND AFFORDABILITY A FOCAL POINT. WORKING WITH PROVINCIAL AND MUNICIPAL LEVELS OF GOVERNMENT ON SOLVING SUPPLY-RELATED ISSUES IS MUCH MORE IMPORTANT TO AFFORDABILITY THAN INTERFERING WITH CONSUMER CHOICE DURING THE HOME BUYING AND SELLING OFFER PROCESS OR REVISITING DEMAND-SIDE POLICIES THAT WILL AT BEST HAVE A SHORT-TERM IMPACT ON MARKET CONDITIONS,”
SAID TRREB PRESIDENT KEVIN CRIGGER.
Source: Toronto Regional Real Estate Board, Market Watch, August 2021
August 2021
DURHAM REGION
Semi-Detached
Townhouse
Condo Apt
egnahC tnecreP raeY-revO-raeY
Detached
Sales
Listings
Average Price
Days on Market
679
763
$1,030,076
10
-48%
-66%
27%
71
76
$782,521
-16%
-17%
32%
121
132
$810,902
-31%
-38%
29%
65
84
$500,197
-13%
-6%
15%
-40%
5 -44%
7 -30%
14 -22%
Source: Toronto Regional Real Estate Board, Market Watch, August 2021
August 2021
TORONTO
Semi-Detached
Townhouse
Condo Apt
egnahC tnecreP raeY-revO-raeY
Detached
Sales
Listings
Average Price
Days on Market
694
939
$1,674,641
18
-37%
-47%
11%
228
265
$1,214,624
-32%
-54%
4%
101
146
$1,159,794
-14%
-42%
6%
1,738
2,523
$720,832
-39%
7%
13%
12%
15 50%
16 -45%
21 17%
Source: Toronto Regional Real Estate Board, Market Watch, August 2021
August 2021
MISSISSAUGA
Semi-Detached
Townhouse
Condo Apt
egnahC tnecreP raeY-revO-raeY
Detached
Sales
Listings
Average Price
Days on Market
241
305
$1,483,197
14
-33%
-48%
94
103
-41%
-52%
20%
41
34
$965,136
-2%
-46%
18%
284
376
$589,979
23%
-31%
9%
13%
$1,026,791
-13%
11 -15%
10 -38%
18 -5%
Source: Toronto Regional Real Estate Board, Market Watch, August 2021
August 2021
OAKVILLE
Semi-Detached
Townhouse
Condo Apt
egnahC tnecreP raeY-revO-raeY
Detached
Sales
Listings
Average Price
Days on Market
146
167
$1,958,639
14
-39%
-51%
10
11
$1,070,160
-38%
-42%
19%
51
53
-23%
-42%
42
58
-5%
-13%
24%
$1,147,511 22%
$835,994 30%
-44%
7 -22%
14 0.0%
23 -15%
Source: Toronto Regional Real Estate Board, Market Watch, August 2021
August 2021
BURLINGTON
Semi-Detached
Townhouse
Condo Apt
egnahC tnecreP raeY-revO-raeY
Detached
Sales
Listings
Average Price
Days on Market
110
139
$1,403,929
13
-24%
-21%
18%
16
19
$922,763
14%
5%
19%
25
22
$935,000
-14%
-27%
25%
47
57
$610,653
-28%
-40%
18%
-28%
18 157%
8 -20%
21 -5%
Source: Toronto Regional Real Estate Board, Market Watch, August 2021
August 2021
MILTON
Semi-Detached
Townhouse
Condo Apt
egnahC tnecreP raeY-revO-raeY
Detached
Sales
Listings
100
91
Average Price $1,308,519
-28%
-49%
25%
21
24
$1,008,847
-8%
-17%
28%
64
58
$873,026
-29%
-44%
20%
18
11
$611,500
-65%
19%
-25%
Days on Market 14 -6%
4 -60%
9 0.0%
19 -14%
Source: Toronto Regional Real Estate Board, Market Watch, August 2021
August 2021
VAUGHAN
Semi-Detached
Townhouse
Condo Apt
egnahC tnecreP raeY-revO-raeY
Detached
Sales
Listings
Average Price
Days on Market
204
256
$1,813,728
18
-12%
-45%
17
26
-68%
-60%
61
68
-18%
-57%
16%
116
147
$650,527
-12%
8%
58%
31%
$1,087,235 15%
$1,076,311
-10%
11 -8%
13 0.0%
24 -4%