In September, the average selling price for detached in Toronto was $1.69 million, marking a year-on-year decrease of 2.2%, and there was also a 0.4% decrease compared to the previous month. Condo town and condo apart had average selling prices of $830k and $710k, respectively, with year-over-year declines of around 2-3%.

Buyers were starting to take advantage of more affordable market conditions brought about by interest rate cuts and lower home prices.

In August, 464 units were sold, a 46% decrease compared to last year. Condo apartments accounted for 235 of these sales, down 61% from August last year and 81% below the ten-year average. There were 229 new single-family homes sold, a 14% decrease from August last year and 56% below the ten-year average.

marking a year-on-year decrease of 2%, and there was a 3.7% decrease compared to the previous month. Condo town and condo apart had average selling prices of $890k and $760k, respectively. The prices of townhouses and apartments have both decreased by around 1% compared to last year.

In December 2023, the average DOM for the condo market in the City of Toronto was 35 days, seven more days than last month.