Toronto real estate prices for July 2018: Detached

• City of Toronto detached home sales up 20.9%, active listings up 4.4% YoY
• TTM Sales to active listings ratio (SALR) is beginning to trend upward
• Average City of Toronto detached home price is up 3.6% YoY
• Median City of Toronto detached home price is down 3.0% YoY
• Benchmark City of Toronto detached home price is down 2.9% YoY

Detached Homes, City of Toronto	July 2018	June 2017	YoY (%)
Average	$1,350,700	$1,304,288	3.6%
Median	$950,000	$979,000	-3.0%
Benchmark	$1,112,800	$1,146,100	-2.9%

Detached Homes, City of Toronto	July 2018	June 2018	MoM (%)
Average	$1,350,700	$1,354,429	-0.3%
Median	$950,000	$1,035,000	-8.2%
Benchmark	$1,112,800	$1,119,400	-0.6%

x	Average Price - Detached Homes	Median Price - Detached Homes	Benchmark Price - Detached Homes
Feb-12	818,815	650,000	660,000
Mar-12	816,169	632,000	677,200
Apr-12	831,214	656,000	685,600
May-12	820,816	650,000	691,000
Jun-12	803,671	615,000	690,600
Jul-12	752,431	689,500	685,000
Aug-12	746,300	577,250	679,300
Sep-12	781,826	610,000	674,100
Oct-12	779,484	624,000	672,800
Nov-12	741,480	580,500	670,600
Dec-12	722,393	562,000	667,200
Jan-13	765,049	610,000	664,600
Feb-13	823,329	658,600	671,900
Mar-13	846,828	680,000	682,800
Apr-13	852,090	690,000	694,900
May-13	864,536	680,000	701,900
Jun-13	866,326	675,000	705,300
Jul-13	793,842	620,000	705,300
Aug-13	783,708	607,500	701,400
Sep-13	856,169	649,500	704,000
Oct-13	873,509	675,000	705,800
Nov-13	855,188	660,000	718,300
Dec-13	864,351	640,000	722,700
Jan-14	888,210	695,000	730,000
Feb-14	955,314	769,000	737,800
Mar-14	898,332	708,000	750,000
Apr-14	965,670	740,000	759,500
May-14	943,055	734,000	768,600
Jun-14	921,127	721,250	773,800
Jul-14	880,443	700,000	774,700
Aug-14	902,428	665,000	770,800
Sep-14	951,792	730,000	769,100
Oct-14	951,746	753,000	774,300
Nov-14	935,122	725,000	782,100
Dec-14	934,039	695,000	785,100
Jan-15	948,713	751,528	787,300
Feb-15	1,040,018	818,000	794,300
Mar-15	1,042,405	815,750	808,100
Apr-15	1,056,114	830,000	823,300
May-15	1,115,120	840,000	834,200
Jun-15	1,051,912	808,000	838,900
Jul-15	996,770	750,000	843,300
Aug-15	1,017,652	790,000	845,000
Sep-15	1,053,871	800,000	852,800
Oct-15	1,071,394	840,000	855,800
Nov-15	1,018,621	805,000	859,700
Dec-15	1,039,638	765,000	864,100
Jan-16	1,061,789	807,500	865,900
Feb-16	1,211,459	920,000	878,000
Mar-16	1,174,358	900,000	897,600
Apr-16	1,257,958	970,000	924,000
May-16	1,285,693	980,000	961,300
Jun-16	1,259,486	950,000	982,100
Jul-16	1,202,753	915,500	988,600
Aug-16	1,206,637	875,500	991,200
Sep-16	1,294,482	987,000	999,900
Oct-16	1,303,339	988,500	1,020,300
Nov-16	1,345,962	1,020,000	1,031,500
Dec-16	1,286,605	997,000	1,038,900
Jan-17	1,336,640	1,007,000	1,076,300
Feb-17	1,573,622	1,253,000	1,105,700
Mar-17	1,561,780	1,263,275	1,171,900
Apr-17	1,578,542	1,285,000	1,226,300
Apr-17	1,503,868	1,120,000	1,228,500
Jun-17	1,386,524	1,085,313	1,205,400
Jul-17	1,304,288	979,000	1,146,100
Aug-17	1,191,052	905,000	1,100,100
Sep-17	1,355,234	989,400	1,093,900
Oct-17	1,287,765	1,000,000	1,088,200
Nov-17	1,276,184	949,500	1,088,200
Dec-17	1,250,235	935,000	1,085,100
Jan-18	1,283,981	940,000	1,080,800
Feb-18	1,282,240	1,000,500	1,090,000
Mar-18	1,293,903	1,010,955	1,100,500
Apr-18	1,354,719	1,080,000	1,109,700
May-18	1,426,094	1,158,750	1,123,800
Jun-18	1,354,429	1,035,000	1,119,400
Jul-18	1,350,700	950,000	1,112,800

x	Average Price % Change (YoY) - Detached Homes	Median Price % Change (YoY) - Detached Homes	Benchmark Price % Change, Published (YoY) - Detached Homes
Aug-12	15.1%	7.8%	0.091
Sep-12	10.7%	8.9%	0.078
Oct-12	3.7%	8%	0.07
Nov-12	-4.5%	-1.9%	0.058
Dec-12	2.9%	-0.7%	0.049
Jan-13	2.8%	5.2%	0.032
Feb-13	0.6%	1.3%	0.022
Mar-13	3.8%	7.6%	0.016
Apr-13	2.5%	5.2%	0.016
May-13	5.3%	4.6%	0.016
Jun-13	7.8%	9.8%	0.021
Jul-13	5.5%	-10.1%	0.03
Aug-13	5%	5.2%	0.033
Sep-13	9.5%	6.5%	0.044
Oct-13	12.1%	8.2%	0.049
Nov-13	15.3%	13.7%	0.071
Dec-13	19.7%	13.9%	0.083
Jan-14	16.1%	13.9%	0.099
Feb-14	16%	16.8%	0.098
Mar-14	6.1%	4.1%	0.098
Apr-14	13.3%	7.2%	0.093
May-14	9.1%	7.9%	0.095
Jun-14	6.3%	6.9%	0.097
Jul-14	10.9%	12.9%	0.098
Aug-14	15.1%	9.5%	0.099
Sep-14	11.2%	12.4%	0.092
Oct-14	9%	11.6%	0.097
Nov-14	9.3%	9.8%	0.089
Dec-14	8.1%	8.6%	0.086
Jan-15	6.8%	8.1%	0.078
Feb-15	8.9%	6.4%	0.076
Mar-15	16%	15.2%	0.078
Apr-15	9.4%	12.2%	0.084
May-15	18.2%	14.4%	0.085
Jun-15	14.2%	12%	0.084
Jul-15	13.2%	7.1%	0.088
Aug-15	12.8%	18.8%	0.096
Sep-15	10.7%	9.6%	0.109
Oct-15	12.6%	11.6%	0.105
Nov-15	8.9%	11%	0.099
Dec-15	11.3%	10.1%	0.101
Jan-16	11.9%	7.4%	0.1
Feb-16	16.5%	12.5%	0.105
Mar-16	12.7%	10.3%	0.111
Apr-16	19.1%	16.9%	0.123
May-16	15.3%	16.7%	0.153
Jun-16	19.7%	17.6%	0.171
Jul-16	20.7%	22.1%	0.172
Aug-16	18.6%	10.8%	0.173
Sep-16	22.8%	23.4%	0.173
Oct-16	21.6%	17.7%	0.192
Nov-16	32.1%	26.7%	0.2
Dec-16	23.8%	30.3%	0.202
Jan-17	25.9%	24.7%	0.217
Feb-17	29.9%	36.2%	0.233
Mar-17	33%	40.4%	0.277
Apr-17	25.5%	32.5%	0.297
May-17	17%	14.3%	0.248
Jun-17	10.1%	14.2%	0.198
Jul-17	8.4%	6.9%	0.131
Aug-17	-1.3%	3.4%	0.082
Sep-17	4.7%	0.2%	0.066
Oct-17	-1.2%	1.2%	0.039
Nov-17	-5.2%	-6.9%	0.029
Dec-17	-2.8%	-6.2%	0.018
Jan-18	-3.9%	-6.7%	0.004
Feb-18	-18.5%	-20.2%	-0.015
Mar-18	-17.2%	-20%	-0.062
Apr-18	-14.2%	-16%	-0.096
May-18	-5.2%	3.5%	-0.086
Jun-18	-2.3%	-4.6%	-0.071
Jul-18	3.6%	-3%	-0.029

x	2012	2013	2014	2015	2016	2017	2018
January	559	502	463	451	496	466	376
February	927	749	668	774	855	793	524
March	1,287	975	1,011	1,050	1,075	1,215	706
April	1,465	1,264	1,296	1,468	1,401	1,268	819
May	1,480	1,475	1,551	1,447	1,565	1,146	782
June	1,257	1,137	1,312	1,488	1,491	848	885
July	852	986	1,045	1,031	954	556	672
August	706	846	828	756	863	561
September	767	972	1,052	1,051	1,098	642
October	931	1,125	1,199	1,077	1,088	812
November	764	913	904	901	1,009	812
December	491	447	521	571	526	454

x	2012	2013	2014	2015	2016	2017	2018
January	1,144	1,469	1,062	1,039	922	543	1,271
February	1,496	1,679	1,320	1,131	1,039	656	1,453
March	1,769	1,820	1,560	1,371	1,106	987	1,642
April	1,851	2,217	1,903	1,649	1,137	1,605	1,909
May	2,206	2,463	2,081	1,896	1,268	2,242	2,306
June	2,112	2,361	2,068	1,777	1,149	2,196	2,260
July	1,993	2,031	1,877	1,554	1,002	1,963	2,049
August	1,764	1,798	1,623	1,481	880	1,584
September	2,317	2,235	2,091	1,905	1,263	2,164
October	2,380	2,065	1,926	1,873	1,250	2,194
November	2,053	1,659	1,538	1,473	1,047	2,143
December	1,301	1,008	871	843	488	1,467

x	Sales - Detached Homes (TTM)	Active Listings - Detached Homes (TTM)
Nov-12	11,576	22,372
Dec-12	11,486	22,386
Jan-13	11,429	22,711
Feb-13	11,251	22,894
Mar-13	10,939	22,945
Apr-13	10,738	23,311
May-13	10,733	23,568
Jun-13	10,613	23,817
Jul-13	10,747	23,855
Aug-13	10,887	23,889
Sep-13	11,092	23,807
Oct-13	11,286	23,492
Nov-13	11,435	23,098
Dec-13	11,391	22,805
Jan-14	11,352	22,398
Feb-14	11,271	22,039
Mar-14	11,307	21,779
Apr-14	11,339	21,465
May-14	11,415	21,083
Jun-14	11,590	20,790
Jul-14	11,649	20,636
Aug-14	11,631	20,461
Sep-14	11,711	20,317
Oct-14	11,785	20,178
Nov-14	11,776	20,057
Dec-14	11,850	19,920
Jan-15	11,838	19,897
Feb-15	11,944	19,708
Mar-15	11,983	19,519
Apr-15	12,155	19,265
May-15	12,051	19,080
Jun-15	12,227	18,789
Jul-15	12,213	18,466
Aug-15	12,141	18,324
Sep-15	12,140	18,138
Oct-15	12,018	18,085
Nov-15	12,015	18,020
Dec-15	12,065	17,992
Jan-16	12,110	17,875
Feb-16	12,191	17,783
Mar-16	12,216	17,518
Apr-16	12,149	17,006
May-16	12,267	16,378
Jun-16	12,270	15,750
Jul-16	12,193	15,198
Aug-16	12,300	14,597
Sep-16	12,347	13,955
Oct-16	12,358	13,332
Nov-16	12,466	12,906
Dec-16	12,421	12,551
Jan-17	12,391	12,172
Feb-17	12,329	11,789
Mar-17	12,469	11,670
Apr-17	12,336	12,138
May-17	11,917	13,112
Jun-17	11,274	14,159
Jul-17	10,876	15,120
Aug-17	10,574	15,824
Sep-17	10,118	16,725
Oct-17	9,842	17,669
Nov-17	9,645	18,765
Dec-17	9,573	19,744
Jan-18	9,483	20,472
Feb-18	9,214	21,269
Mar-18	8,705	21,924
Apr-18	8,256	22,228
May-18	7,892	22,292
Jun-18	7,929	22,356
Jul-18	8,045	22,442

x	SALR (TTM)	Average Price % Change YoY	Median Price % Change YoY	Benchmark Price % Change YoY
Nov-12	52%	-4.5%	-1.9%	0.058
Dec-12	51%	2.9%	-0.7%	0.049
Jan-13	50%	2.8%	5.2%	0.032
Feb-13	49%	0.6%	1.3%	0.022
Mar-13	48%	3.8%	7.6%	0.016
Apr-13	46%	2.5%	5.2%	0.016
May-13	46%	5.3%	4.6%	0.016
Jun-13	45%	7.8%	9.8%	0.021
Jul-13	45%	5.5%	-10.1%	0.03
Aug-13	46%	5%	5.2%	0.033
Sep-13	47%	9.5%	6.5%	0.044
Oct-13	48%	12.1%	8.2%	0.049
Nov-13	50%	15.3%	13.7%	0.071
Dec-13	50%	19.7%	13.9%	0.083
Jan-14	51%	16.1%	13.9%	0.099
Feb-14	51%	16%	16.8%	0.098
Mar-14	52%	6.1%	4.1%	0.098
Apr-14	53%	13.3%	7.2%	0.093
May-14	54%	9.1%	7.9%	0.095
Jun-14	56%	6.3%	6.9%	0.097
Jul-14	56%	10.9%	12.9%	0.098
Aug-14	57%	15.1%	9.5%	0.099
Sep-14	58%	11.2%	12.4%	0.092
Oct-14	58%	9%	11.6%	0.097
Nov-14	59%	9.3%	9.8%	0.089
Dec-14	59%	8.1%	8.6%	0.086
Jan-15	59%	6.8%	8.1%	0.078
Feb-15	61%	8.9%	6.4%	0.076
Mar-15	61%	16%	15.2%	0.078
Apr-15	63%	9.4%	12.2%	0.084
May-15	63%	18.2%	14.4%	0.085
Jun-15	65%	14.2%	12%	0.084
Jul-15	66%	13.2%	7.1%	0.088
Aug-15	66%	12.8%	18.8%	0.096
Sep-15	67%	10.7%	9.6%	0.109
Oct-15	66%	12.6%	11.6%	0.105
Nov-15	67%	8.9%	11%	0.099
Dec-15	67%	11.3%	10.1%	0.101
Jan-16	68%	11.9%	7.4%	0.1
Feb-16	69%	16.5%	12.5%	0.105
Mar-16	70%	12.7%	10.3%	0.111
Apr-16	71%	19.1%	16.9%	0.123
May-16	75%	15.3%	16.7%	0.153
Jun-16	78%	19.7%	17.6%	0.171
Jul-16	80%	20.7%	22.1%	0.172
Aug-16	84%	18.6%	10.8%	0.173
Sep-16	88%	22.8%	23.4%	0.173
Oct-16	93%	21.6%	17.7%	0.192
Nov-16	97%	32.1%	26.7%	0.2
Dec-16	99%	23.8%	30.3%	0.202
Jan-17	102%	25.9%	24.7%	0.217
Feb-17	105%	29.9%	36.2%	0.233
Mar-17	107%	33%	40.4%	0.277
Apr-17	102%	25.5%	32.5%	0.297
May-17	91%	17%	14.3%	0.248
Jun-17	80%	10.1%	14.2%	0.198
Jul-17	72%	8.4%	6.9%	0.131
Aug-17	67%	-1.3%	3.4%	0.082
Sep-17	60%	4.7%	0.2%	0.066
Oct-17	56%	-1.2%	1.2%	0.039
Nov-17	51%	-5.2%	-6.9%	0.029
Dec-17	48%	-2.8%	-6.2%	0.018
Jan-18	46%	-3.9%	-6.7%	0.004
Feb-18	43%	-18.5%	-20.2%	-0.015
Mar-18	40%	-17.2%	-20%	-0.062
Apr-18	37%	-14.2%	-16%	-0.096
May-18	35%	-5.2%	3.5%	-0.086
Jun-18	35%	-2.3%	-4.6%	-0.071
Jul-18	36%	3.6%	-3%	-0.029

Year	New Listings	Removals
Jan-12	1,100	-684
Feb-12	1,661	-382
Mar-12	1,948	-388
Apr-12	2,000	-453
May-12	2,672	-837
Jun-12	2,084	-921
Jul-12	1,548	-815
Aug-12	1,194	-717
Sep-12	2,153	-833
Oct-12	1,785	-791
Nov-12	1,291	-854
Dec-12	453	-714
Jan-13	1,251	-581
Feb-13	1,371	-412
Mar-13	1,666	-550
Apr-13	2,445	-784
May-13	2,612	-891
Jun-13	1,946	-911
Jul-13	1,599	-943
Aug-13	1,361	-748
Sep-13	2,121	-712
Oct-13	1,807	-852
Nov-13	1,182	-675
Dec-13	393	-597
Jan-14	929	-412
Feb-14	1,274	-348
Mar-14	1,705	-454
Apr-14	2,215	-576
May-14	2,499	-770
Jun-14	2,145	-846
Jul-14	1,721	-867
Aug-14	1,229	-655
Sep-14	2,291	-771
Oct-14	1,903	-869
Nov-14	1,148	-632
Dec-14	470	-616
Jan-15	993	-374
Feb-15	1,215	-349
Mar-15	1,733	-443
Apr-15	2,324	-578
May-15	2,383	-689
Jun-15	2,191	-822
Jul-15	1,548	-740
Aug-15	1,318	-635
Sep-15	2,232	-757
Oct-15	1,775	-730
Nov-15	1,178	-677
Dec-15	514	-573
Jan-16	947	-372
Feb-16	1,286	-314
Mar-16	1,530	-388
Apr-16	1,869	-437
May-16	2,186	-490
Jun-16	1,994	-622
Jul-16	1,334	-527
Aug-16	1,222	-481
Sep-16	1,981	-500
Oct-16	1,732	-657
Nov-16	1,365	-559
Dec-16	416	-449
Jan-17	719	-198
Feb-17	1,110	-204
Mar-17	1,924	-378
Apr-17	2,565	-679
May-17	3,123	-1,340
Jun-17	2,096	-1,294
Jul-17	1,282	-959
Aug-17	989	-807
Sep-17	2,009	-787
Oct-17	1,758	-916
Nov-17	1,692	-931
Dec-17	670	-892
Jan-18	834	-654
Feb-18	1,134	-428
Mar-18	1,473	-578
Apr-18	1,811	-725
May-18	2,196	-1,017
Jun-18	1,793	-954
Jul-18	1,365	-904

You can read the original July 2018 TREB Market Watch publication here.


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