Toronto home prices jump 2.9 per cent to $1.06 million (September 2022)

The average price for a home in Toronto was $1.06 million in September 2022, according to the Toronto Regional Real Estate Board. That’s up 2.9 per cent or $29,897 from August 2022 but down 2.6 per cent or $28,320 compared to September 2021.

There were 1,744 home sales in Toronto after an average of 22 days on the market and 5,485 active listings at the end of September. Sales were down 48.7 per cent and active listings were up 13.8 per cent compared to a year ago.

Detached houses averaged $1.59 million, down 3.8 per cent or $62,709 month-over-month and down 10.9 per cent or $193,339 year-over-year. There were 497 detached house sales and after an average of 19 days on the market and 1,504 active listings at the end of the month.

Semi-detached houses averaged $1.21 million, up 7.4 per cent or $83,286 month-over-month but down 7.2 per cent or $93,789 year-over-year. There were 180 semi-detached house sales after an average of 14 days on the market and 333 active listings at the end of the month.

Attached houses averaged $1.19 million, up 8.4 per cent or $92,746 month-over-month and up 3.9 per cent or $45,056 year-over-year. There were 53 attached house sales after an average of 19 days on the market and 126 active listings at the end of the month.

Townhouse-style condos averaged $831,798, up 1.6 per cent or $12,863 month-over-month but down 0.6 per cent or $5,249 year-over-year. There were 118 townhouse-style condo sales after an average of 26 days on the market and 368 active listings at the end of the month.

Apartment-style condos averaged $769,058, up 4.4 per cent or $32,118 month-over-month and up 3.3 per cent or $24,328 year-over-year. There were 875 apartment-style condo sales after an average of 26 days on the market and 3,098 active listings at the end of the month.

Compared to September 2012, the average sale price for all houses and condos in Toronto has increased 93.8 per cent, including a $803,763 gain for detached houses, a $605,752 gain for semi-detached houses, a $845,732 gain for attached houses, a $454,376 gain for townhouse-style condos and a $210,652 gain for apartment-style condos.

Find the latest home prices for 73 hyperlocal housing markets in the GTA

About this story

This story was automatically generated using data collected and maintained by the Toronto Regional Real Estate Board

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