Toronto real estate prices for July 2018: Condominium Apartments

• City of Toronto condo apartment sales up 5.2%, active listings down 4.7% YoY
• TTM Sales to active listings ratio (SALR) is changing from a downward trend to flattening
• Average City of Toronto condo apartment price is up 9.4% YoY
• Median City of Toronto condo apartment price is up 12.8% YoY
• Benchmark City of Toronto condo apartment price is up 10.2% YoY

Condo Prices, City of Toronto	July 2018	July 2017	YoY (%)
Average	$582,547	$532,502	9.4%
Median	$524,500	$465,000	12.8%
Benchmark	$530,200	$481,300	10.2%

Condo Prices, City of Toronto	July 2018	June 2018	MoM (%)
Average	$582,547	$605,530	-3.8%
Median	$524,500	$535,000	-2.0%
Benchmark	$530,200	$529,300	0.2%

x	Average Price - Condo Apartment	Median Price - Condo Apartment	Benchmark Price - Condo Apartment
Feb-12	371,334	332,500	320,100
Mar-12	361,800	329,900	323,200
Apr-12	360,807	330,750	327,100
May-12	368,147	336,750	311,600
Jun-12	364,597	334,900	311,400
Jul-12	347,996	320,000	309,300
Aug-12	349,849	322,500	309,700
Sep-12	377,422	334,000	308,300
Oct-12	338,969	329,500	307,200
Nov-12	350,540	320,000	306,600
Dec-12	342,847	317,250	305,200
Jan-13	340,295	319,000	301,700
Feb-13	352,614	323,980	303,900
Mar-13	367,595	333,100	307,500
Apr-13	379,266	337,000	311,200
May-13	372,768	337,000	315,100
Jun-13	366,532	330,000	313,000
Jul-13	361,969	330,000	314,500
Aug-13	357,572	323,000	316,300
Sep-13	363,149	334,000	314,100
Oct-13	384,441	332,500	314,700
Nov-13	385,968	332,000	317,400
Dec-13	367,376	330,000	317,800
Jan-14	366,020	325,000	317,400
Feb-14	372,628	340,000	317,800
Mar-14	384,865	340,000	321,700
Apr-14	384,758	344,500	325,000
May-14	401,809	346,000	326,700
Jun-14	390,569	345,900	329,500
Jul-14	379,002	343,500	329,100
Aug-14	370,899	330,000	328,900
Sep-14	395,505	343,000	326,700
Oct-14	390,430	342,000	329,100
Nov-14	394,225	346,000	330,000
Dec-14	387,612	338,000	331,600
Jan-15	382,458	337,500	330,200
Feb-15	369,655	330,000	329,800
Mar-15	398,337	353,000	332,900
Apr-15	407,612	356,000	337,200
May-15	422,947	358,000	340,500
Jun-15	418,599	355,500	341,400
Jul-15	394,504	355,875	341,800
Aug-15	406,587	356,000	344,100
Sep-15	418,603	353,000	345,900
Oct-15	406,792	354,000	346,300
Nov-15	415,316	357,000	347,600
Dec-15	400,088	348,500	345,700
Jan-16	416,014	360,300	343,600
Feb-16	435,579	377,500	349,200
Mar-16	416,251	368,000	355,400
Apr-16	436,545	379,000	358,900
May-16	442,520	388,000	364,000
Jun-16	448,002	390,000	365,900
Jul-16	427,074	380,000	370,900
Aug-16	446,612	390,000	374,600
Sep-16	446,294	395,000	380,400
Oct-16	459,199	399,888	387,800
Nov-16	471,256	408,000	392,300
Dec-16	466,592	414,250	396,700
Jan-17	471,409	420,000	405,100
Feb-17	515,424	449,950	416,600
Mar-17	550,229	482,000	441,200
Apr-17	578,280	506,000	464,200
May-17	564,808	485,000	477,600
Jun-17	552,679	475,000	485,200
Jul-17	532,502	465,000	481,300
Aug-17	540,169	470,000	478,000
Sep-17	554,069	487,900	479,800
Oct-17	555,004	488,000	485,200
Nov-17	555,396	485,000	486,200
Dec-17	532,700	472,500	490,500
Jan-18	543,279	490,000	492,800
Feb-18	570,275	505,000	504,700
Mar-18	590,184	518,000	513,700
Apr-18	601,211	530,000	523,000
May-18	602,804	537,000	527,100
Jun-18	605,530	535,000	529,300
Jul-18	582,547	524,500	530,200

x	Average Price % Change (YoY) - Condo Apartments	Median Price % Change (YoY) - Condo Apartments	Benchmark Price % Change (YoY) - Condo Apartments
Aug-12	-%4	-0.014	0.023
Sep-12	%8	0.018	0.016
Oct-12	-%8	-0.011	0.006
Nov-12	-%4	-0.03	0.008
Dec-12	-%2	-0.009	0.008
Jan-13	-%1	0.005	0.008
Feb-13	-%5	-0.026	0.01
Mar-13	%2	0.01	0.005
Apr-13	%5	0.019	0.007
May-13	%1	0.001	0.011
Jun-13	%1	-0.015	0.005
Jul-13	%4	0.031	0.017
Aug-13	%2	0.002	0.021
Sep-13	-%4	0	0.019
Oct-13	%13	0.009	0.024
Nov-13	%10	0.038	0.035
Dec-13	%7	0.04	0.041
Jan-14	%8	0.019	0.052
Feb-14	%6	0.049	0.046
Mar-14	%5	0.021	0.046
Apr-14	%1	0.022	0.045
May-14	%8	0.027	0.037
Jun-14	%7	0.048	0.053
Jul-14	%5	0.041	0.047
Aug-14	%4	0.022	0.04
Sep-14	%9	0.027	0.04
Oct-14	%2	0.029	0.046
Nov-14	%2	0.042	0.04
Dec-14	%6	0.024	0.044
Jan-15	%5	0.038	0.04
Feb-15	-%1	-0.029	0.038
Mar-15	%4	0.038	0.035
Apr-15	%6	0.033	0.038
May-15	%5	0.035	0.043
Jun-15	%7	0.028	0.036
Jul-15	%4	0.036	0.038
Aug-15	%10	0.079	0.046
Sep-15	%6	0.029	0.06
Oct-15	%4	0.035	0.052
Nov-15	%5	0.032	0.054
Dec-15	%3	0.031	0.043
Jan-16	%9	0.068	0.041
Feb-16	%18	0.144	0.059
Mar-16	%5	0.042	0.068
Apr-16	%7	0.065	0.064
May-16	%5	0.084	0.069
Jun-16	%7	0.097	0.072
Jul-16	%8	0.068	0.085
Aug-16	%10	0.096	0.089
Sep-16	%7	0.119	0.1
Oct-16	%13	0.13	0.12
Nov-16	%14	0.143	0.129
Dec-16	%17	0.189	0.148
Jan-17	%13	0.166	0.18
Feb-17	%18	0.192	0.194
Mar-17	%32	0.31	0.24
Apr-17	%33	0.335	0.292
May-17	%28	0.25	0.31
Jun-17	%23	0.218	0.322
Jul-17	%25	0.224	0.294
Aug-17	%21	0.205	0.274
Sep-17	%24	0.235	0.26
Oct-17	%21	0.22	0.246
Nov-17	%18	0.189	0.235
Dec-17	%14	0.141	0.233
Jan-18	%15	0.167	0.215
Feb-18	%11	0.122	0.209
Mar-18	%7	0.075	0.159
Apr-18	%4	0.047	0.124
May-18	%7	0.107	0.101
Jun-18	%10	0.126	0.091
Jul-18	%9	0.128	0.102

x	2012	2013	2014	2015	2016	2017	2018
January	775	730	767	809	897	1,125	899
February	1,212	953	1,031	1,153	1,439	1,632	1,142
March	1,584	1,266	1,331	1,506	1,808	2,324	1,573
April	1,534	1,479	1,505	1,706	1,997	2,148	1,574
May	1,632	1,499	1,565	1,762	2,137	2,038	1,745
June	1,415	1,329	1,578	1,906	2,182	1,702	1,593
July	1,246	1,353	1,527	1,730	1,882	1,345	1,415
August	1,072	1,280	1,344	1,475	1,964	1,476
September	934	1,203	1,376	1,444	1,787	1,362
October	1,141	1,347	1,455	1,587	1,895	1,485
November	987	1,081	1,199	1,351	1,718	1,606
December	680	799	924	1,038	1,238	1,125

x	2012	2013	2014	2015	2016	2017	2018
January	3,248	3,501	3,293	3,477	3,231	1,387	1,648
February	3,712	3,785	3,815	3,744	3,432	1,301	1,767
March	4,106	4,330	4,325	4,384	3,734	1,383	1,854
April	4,390	4,755	4,806	4,866	3,880	1,920	2,130
May	4,930	5,003	5,133	5,122	3,900	2,509	2,552
June	5,140	5,041	5,127	5,208	3,698	2,708	2,584
July	5,191	4,830	4,919	4,924	3,307	2,710	2,583
August	4,657	4,413	4,398	4,608	2,850	2,353
September	5,089	4,645	4,579	4,818	2,819	2,620
October	4,849	4,275	4,373	4,433	2,511	2,549
November	4,358	3,926	3,996	4,012	2,002	2,355
December	3,290	3,045	3,072	2,976	1,277	1,673

x	Sales - Condo Apartments (TTM)	Active Listings - Condo Apartments (TTM)
Nov-12	14,475	54,019
Dec-12	14,212	52,960
Jan-13	14,167	53,213
Feb-13	13,908	53,286
Mar-13	13,590	53,510
Apr-13	13,535	53,875
May-13	13,402	53,948
Jun-13	13,316	53,849
Jul-13	13,423	53,488
Aug-13	13,631	53,244
Sep-13	13,900	52,800
Oct-13	14,106	52,226
Nov-13	14,200	51,794
Dec-13	14,319	51,549
Jan-14	14,356	51,341
Feb-14	14,434	51,371
Mar-14	14,499	51,366
Apr-14	14,525	51,417
May-14	14,591	51,547
Jun-14	14,840	51,633
Jul-14	15,014	51,722
Aug-14	15,078	51,707
Sep-14	15,251	51,641
Oct-14	15,359	51,739
Nov-14	15,477	51,809
Dec-14	15,602	51,836
Jan-15	15,644	52,020
Feb-15	15,766	51,949
Mar-15	15,941	52,008
Apr-15	16,142	52,068
May-15	16,339	52,057
Jun-15	16,667	52,138
Jul-15	16,870	52,143
Aug-15	17,001	52,353
Sep-15	17,069	52,592
Oct-15	17,201	52,652
Nov-15	17,353	52,668
Dec-15	17,467	52,572
Jan-16	17,555	52,326
Feb-16	17,841	52,014
Mar-16	18,143	51,364
Apr-16	18,434	50,378
May-16	18,809	49,156
Jun-16	19,085	47,646
Jul-16	19,237	46,029
Aug-16	19,726	44,271
Sep-16	20,069	42,272
Oct-16	20,377	40,350
Nov-16	20,744	38,340
Dec-16	20,944	36,641
Jan-17	21,172	34,797
Feb-17	21,365	32,666
Mar-17	21,881	30,315
Apr-17	22,032	28,355
May-17	21,933	26,964
Jun-17	21,453	25,974
Jul-17	20,916	25,377
Aug-17	20,428	24,880
Sep-17	20,003	24,681
Oct-17	19,593	24,719
Nov-17	19,481	25,072
Dec-17	19,368	25,468
Jan-18	19,142	25,729
Feb-18	18,652	26,195
Mar-18	17,901	26,666
Apr-18	17,327	26,876
May-18	17,034	26,919
Jun-18	16,925	26,795
Jul-18	16,995	26,668

x	SALR (TTM)	Average Price % Change YoY	Median Price % Change YoY	Benchmark Price % Change YoY
Nov-12	27%	-4%	-3%	0.008
Dec-12	27%	-2%	-1%	0.008
Jan-13	27%	-1%	1%	0.008
Feb-13	26%	-5%	-3%	0.01
Mar-13	25%	2%	1%	0.005
Apr-13	25%	5%	2%	0.007
May-13	25%	1%	0%	0.011
Jun-13	25%	1%	-2%	0.005
Jul-13	25%	4%	3%	0.017
Aug-13	26%	2%	0%	0.021
Sep-13	26%	-4%	0%	0.019
Oct-13	27%	13%	1%	0.024
Nov-13	27%	10%	4%	0.035
Dec-13	28%	7%	4%	0.041
Jan-14	28%	8%	2%	0.052
Feb-14	28%	6%	5%	0.046
Mar-14	28%	5%	2%	0.046
Apr-14	28%	1%	2%	0.045
May-14	28%	8%	3%	0.037
Jun-14	29%	7%	5%	0.053
Jul-14	29%	5%	4%	0.047
Aug-14	29%	4%	2%	0.04
Sep-14	30%	9%	3%	0.04
Oct-14	30%	2%	3%	0.046
Nov-14	30%	2%	4%	0.04
Dec-14	30%	6%	2%	0.044
Jan-15	30%	5%	4%	0.04
Feb-15	30%	-1%	-3%	0.038
Mar-15	31%	4%	4%	0.035
Apr-15	31%	6%	3%	0.038
May-15	31%	5%	4%	0.043
Jun-15	32%	7%	3%	0.036
Jul-15	32%	4%	4%	0.038
Aug-15	33%	10%	8%	0.046
Sep-15	33%	6%	3%	0.06
Oct-15	33%	4%	4%	0.052
Nov-15	33%	5%	3%	0.054
Dec-15	33%	3%	3%	0.043
Jan-16	34%	9%	7%	0.041
Feb-16	34%	18%	14%	0.059
Mar-16	35%	5%	4%	0.068
Apr-16	37%	7%	7%	0.064
May-16	38%	5%	8%	0.069
Jun-16	40%	7%	10%	0.072
Jul-16	42%	8%	7%	0.085
Aug-16	45%	10%	10%	0.089
Sep-16	48%	7%	12%	0.1
Oct-16	51%	13%	13%	0.12
Nov-16	54%	14%	14%	0.129
Dec-16	57%	17%	19%	0.148
Jan-17	61%	13%	17%	0.18
Feb-17	65%	18%	19%	0.194
Mar-17	72%	32%	31%	0.24
Apr-17	78%	33%	34%	0.292
May-17	81%	28%	25%	0.31
Jun-17	83%	23%	22%	0.322
Jul-17	82%	25%	22%	0.294
Aug-17	82%	21%	21%	0.274
Sep-17	81%	24%	24%	0.26
Oct-17	79%	21%	22%	0.246
Nov-17	78%	18%	19%	0.235
Dec-17	76%	14%	14%	0.233
Jan-18	74%	15%	17%	0.215
Feb-18	71%	11%	12%	0.209
Mar-18	67%	7%	8%	0.159
Apr-18	65%	4%	5%	0.124
May-18	63%	7%	11%	0.101
Jun-18	63%	10%	13%	0.091
Jul-18	64%	9%	13%	0.102

Year	New Listings	Removals
Jan-12	2,284	-2,610
Feb-12	2,593	-917
Mar-12	2,935	-957
Apr-12	2,835	-1,017
May-12	3,678	-1,506
Jun-12	3,338	-1,713
Jul-12	3,013	-1,716
Aug-12	2,280	-1,742
Sep-12	3,024	-1,658
Oct-12	2,707	-1,806
Nov-12	2,009	-1,513
Dec-12	938	-1,326
Jan-13	2,327	-1,386
Feb-13	2,168	-931
Mar-13	2,850	-1,039
Apr-13	3,252	-1,348
May-13	3,256	-1,509
Jun-13	2,849	-1,482
Jul-13	2,816	-1,674
Aug-13	2,365	-1,502
Sep-13	2,818	-1,383
Oct-13	2,534	-1,557
Nov-13	2,017	-1,285
Dec-13	1,025	-1,107
Jan-14	2,186	-1,171
Feb-14	2,391	-838
Mar-14	2,941	-1,100
Apr-14	3,269	-1,283
May-14	3,464	-1,572
Jun-14	3,126	-1,554
Jul-14	2,977	-1,658
Aug-14	2,259	-1,436
Sep-14	3,082	-1,525
Oct-14	2,740	-1,491
Nov-14	2,031	-1,209
Dec-14	1,152	-1,152
Jan-15	2,375	-1,161
Feb-15	2,301	-881
Mar-15	3,337	-1,191
Apr-15	3,524	-1,336
May-15	3,531	-1,513
Jun-15	3,630	-1,638
Jul-15	3,157	-1,711
Aug-15	2,684	-1,525
Sep-15	3,256	-1,602
Oct-15	2,743	-1,541
Nov-15	2,230	-1,300
Dec-15	1,168	-1,166
Jan-16	2,277	-1,125
Feb-16	2,461	-821
Mar-16	3,055	-945
Apr-16	3,189	-1,046
May-16	3,311	-1,154
Jun-16	3,129	-1,149
Jul-16	2,634	-1,143
Aug-16	2,478	-971
Sep-16	2,636	-880
Oct-16	2,391	-804
Nov-16	1,935	-726
Dec-16	971	-458
Jan-17	1,698	-463
Feb-17	1,878	-332
Mar-17	2,860	-454
Apr-17	3,178	-493
May-17	3,616	-989
Jun-17	2,971	-1,070
Jul-17	2,378	-1,031
Aug-17	1,992	-873
Sep-17	2,484	-855
Oct-17	2,324	-910
Nov-17	2,277	-865
Dec-17	1,085	-642
Jan-18	1,513	-639
Feb-18	1,687	-426
Mar-18	2,225	-565
Apr-18	2,535	-685
May-18	2,966	-799
Jun-18	2,498	-873
Jul-18	2,360	-946

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

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