Toronto - 2020 to 2024 Trends
This blog highlights the number of listings sold for various home types in Toronto—Condo Apartments, Detached, Semi-Detached, Condo Townhouses, and Att/Row Townhouses—from 2020 to 2024. It offers a clear snapshot of market trends over time, perfect for understanding Toronto's real estate dynamics.
Sold Prices Trends
Condo Apartments:
- Prices started at $602,009 in 2020 and gradually increased to $710,672 by 2022, reflecting steady growth.
- A slight decline followed in 2023 and 2024, with prices stabilizing around $676,382, indicating a softening market.
- Detached Houses:Detached homes had the highest average prices, starting at $1,430,818 in 2020 and peaking at $1,719,927 in 2022.Prices declined slightly in 2023 and 2024, stabilizing at $1,636,116, indicating consistent demand despite slight market adjustments.
- Semi-Detached Houses:Prices began at $1,128,471 in 2020 and peaked at $1,308,847 in 2022.A minor dip occurred in 2023 before recovering to $1,269,858 in 2024, reflecting stable demand for semi-detached homes.
- Condo Townhouses:Prices showed steady growth from $766,126 in 2020 to $923,090 in 2022.A slight decrease in 2023 and 2024 brought prices to $882,705, suggesting a modest decline in demand.
- Attached/Row Townhouses:Prices started at $1,084,074 in 2020 and peaked at $1,287,078 in 2022.A small decline in 2023 and 2024 brought prices to $1,219,414, indicating stable but slightly cooling market conditions for this property type.
Number of Listings
- Condo Apartments: A consistent decline in sales, with the highest sales in 2020 and a gradual drop through 2024.
- Detached Houses: A peak in 2021, followed by a steep decline in 2022 and a slight recovery by 2024.
- Semi-Detached Houses: Similar to detached houses, with a peak in 2021 and lower sales in subsequent years.
- Condo Townhouses: Steady decline from 2020, with a small uptick in 2024.
- Attached/Row Townhouses: A peak in 2021, followed by a sharp drop in 2022 and relatively stable sales through 2024.
