Toronto Regional Real Estate Board (TRREB) April Market Report, Sales Down Across the Board, But Some Segments Had Prices Going Up

Thursday May 07th, 2020


Home Sales and Listings:

Greater Toronto Area REALTORS® reported 2,975 residential transactions through TRREB’s MLS® System. This result was down by 67 per cent compared to April 2019.

New listings amounted to 6,174 in April 2020 – down on a year-over-year basis by a similar rate compared to sales (-64.1 per cent).

Home Prices:

The average selling price for April 2020 transactions was $821,392 – up by 0.1%  compared to the average price of $820,373 reported for April 2019.

The semi-detached and townhouse market segments experienced annual average price growth above the rate of inflation.

The condominium apartment and detached segments experienced year-over-year price declines on average.


                                                Detached               Semi-detached     Townhouse           Condo Apartment


 Sales                                      313                         126                         108                         482

Yr./Yr.  % Change                  -67.9%                    -54.8%                    -68.4%                    -69.9%



Avg. Price                              $1,249,730.00      $1,096,437.00      $784,899.00         $612,300.00

Yr./Yr. % Change                   -7.8%                      4.0%                       3.5%                       -4.0%


Condominium Apartment Rental Market

One-bedroom condominium apartment rental transactions were down by 57.9%;

Two-bedroom rental transactions were down by 54.4%

Average rents for one-bedroom and two-bedroom apartments were down on a year-over-year basis in April 2020 as well.

The average one-bedroom rent was $2,107 – down 2.7% compared to April 2019.

The average two-bedroom rent was $2,705 – down 4.1% compared to April 2019.


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