Toronto Housing Market Report | June 2024 Real Estate Trends & Stats | Zolo.ca
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Toronto
Real Estate Trends

Housing Market Report for June 2024

Current Toronto MLS® stats indicate an average house price of $1,217,648 and 7,110 new listings in the last 28 days. As of today, Toronto housing data shows median days on market for a home is 18 days.

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Toronto Housing Prices

$1.2M
Avg sold price
5.3%
Monthly change
11%
Quarterly change
3.2%
Yearly change
$1.2M
Avg sold price
5.4%
Monthly change
19.2%
Quarterly change
1.9%
Yearly change

The change in average home price is affected by two factors:

  1. The proportions of home types sold has changed. This means that the mix of homes sold has shifted from a majority of higher-priced homes to a majority of lower-priced homes, or vice versa.
  2. Assuming the mix of homes is relatively stable, all homes are being sold for more or less than the last period.

For example, if the average price decreased from last year, all homes sold this year were either sold for less and/or the majority of them were budget-friendly condos, rather than expensive single-family homes.

How we calculate our stats

Average Sold Price

Sales Volume by Property Type

# Beds May 11 - Jun 08 3 mo ago 6 mo ago 1 year ago
2 Bd $1.2M -3% $1.1M $982K $1.2M
3 Bd $1.5M -2% $1.4M $1.3M $1.5M
4 Bd $2.3M -4% $2.2M $2.1M $2.4M
5 Bd $2.9M -12% $2.4M $2.5M $3.3M
6 Bd $3.6M +49% $2.9M $1.9M $2.4M
All $1.8M -4% $1.7M $1.5M $1.9M
# Beds May 11 - Jun 08 3 mo ago 6 mo ago 1 year ago
1 Bd $700K -6% $581K $624K $746K
2 Bd $993K 0% $931K $1.0M $993K
3 Bd $1.3M +3% $1.1M $1.1M $1.2M
4 Bd $1.4M -3% $1.6M $1.3M $1.5M
All $1.2M -0% $1.2M $1.2M $1.3M
# Beds May 11 - Jun 08 3 mo ago 6 mo ago 1 year ago
Studio $445K -0% $485K $436K $492K
1 Bd $610K -5% $601K $591K $642K
2 Bd $921K +2% $836K $845K $902K
3 Bd $1.0M +5% $928K $921K $971K
All $774K -0% $726K $720K $776K
Note: +/- change calculated year-over-year

Toronto Housing Inventory

7,110
new listings
(last 28 days)
2,257
homes sold 1
(last 28 days)
18
average days on market
103%
selling to listing price ratio

Number of Sales and Inventory

Average Days on Market

# of Beds New Listings May 11 - Jun 08 Sold Listings May 11 - Jun 08 Active Listings Days on Market Sale to List
2 Bd 187 +23% 87 -13% 228 +54% 11 +10% 105.99% -2%
3 Bd 869 +28% 376 -6% 928 +52% 12 +9% 104.07% -4%
4 Bd 633 +15% 218 -10% 800 +40% 14 0% 104.86% +2%
5 Bd 174 +28% 47 -19% 281 +56% 18 0% 98.29% -0%
6 Bd 35 +106% 10 +25% 53 +56% 18 -18% 94.52% -6%
All 1931 +24% 744 -9% 2359 +48% 13 +8% 103.6% -1%
# of Beds New Listings May 11 - Jun 08 Sold Listings May 11 - Jun 08 Active Listings Days on Market Sale to List
1 Bd 5 -44% 8 0% 7 -30% 20 +11% 103.52% -8%
2 Bd 72 +20% 94 +8% 68 +51% 22 +57% 102.07% -7%
3 Bd 453 +29% 304 -10% 442 +58% 14 +27% 105.78% -5%
4 Bd 134 +5% 76 -15% 183 +29% 17 +6% 103.03% -4%
All 757 +24% 514 -6% 867 +47% 16 +23% 104.52% -5%
# of Beds New Listings May 11 - Jun 08 Sold Listings May 11 - Jun 08 Active Listings Days on Market Sale to List
Studio 103 +12% 18 -53% 202 +66% 34 +89% 102.15% -0%
1 Bd 1847 +33% 464 -33% 3025 +92% 23 +28% 99.58% -3%
2 Bd 1776 +28% 434 -36% 2915 +72% 22 +16% 98.92% -2%
3 Bd 512 +30% 73 -20% 815 +45% 25 +14% 98.04% -2%
All 4291 +30% 990 -34% 7044 +77% 23 +21% 99.11% -3%
Note: +/- change calculated year-over-year

Toronto Rankings
out of 23 in Greater Toronto

12th
Most expensive
3rd
Fastest Growing
6th
Fastest Selling
9th
Highest Turnover
If the average price is skewed, the median is a more accurate reflection of the market.
City Average Price Median Price
#1 King $2.1M $2.1M
#2 Oakville $1.6M $1.5M
#3 Richmond Hill $1.5M $1.4M
#4 Uxbridge $1.5M $1.3M
#5 Vaughan $1.4M $1.3M
#6 Caledon $1.4M $1.2M
#7 Aurora $1.3M $1.2M
#8 Markham $1.3M $1.3M
#9 Whitchurch-Stouffville $1.3M $1.2M
#10 East Gwillimbury $1.3M $1.1M
#11 Mono $1.3M $1.4M
#12 Toronto $1.2M $980K
#13 Newmarket $1.1M $1.1M
#14 Mississauga $1.1M $995K
#15 Milton $1.1M $993K
#16 Bradford West Gwillimbury $1.1M $1.0M
#17 Halton Hills $1.0M $939K
#18 Ajax $1.0M $955K
#19 Brampton $1.0M $970K
#20 Pickering $995K $910K
#21 Georgina $868K $845K
#22 New Tecumseth $864K $848K
#23 Orangeville $861K $785K
Price growth is the change in sale price from the same period last year.
City Price Growth
#1 Vaughan 10.0%
#2 Uxbridge 9.2%
#3 Toronto 3.2%
#4 Oakville 3.0%
#5 King 2.0%
#6 Georgina 0.7%
#7 Bradford West Gwillimbury 0.1%
#8 Orangeville -0.2%
#9 Richmond Hill -1.1%
#10 Mississauga -2.5%
#11 Caledon -3.2%
#12 Whitchurch-Stouffville -3.2%
#13 Milton -4.7%
#14 New Tecumseth -5.3%
#15 Mono -5.9%
#16 Markham -7.8%
#17 Ajax -7.9%
#18 Aurora -8.0%
#19 Brampton -9.3%
#20 East Gwillimbury -10.8%
#21 Newmarket -11.1%
#22 Halton Hills -11.7%
#23 Pickering -12.4%
Days on market is the length of time a listing is active and for sale.
City Days on Market
#1 Pickering 14 days
#2 Ajax 15 days
#3 Aurora 16 days
#4 Milton 16 days
#5 Halton Hills 17 days
#6 Toronto 18 days
#7 Bradford West Gwillimbury 18 days
#8 Newmarket 18 days
#9 Whitchurch-Stouffville 18 days
#10 Mississauga 19 days
#11 Markham 19 days
#12 Brampton 19 days
#13 Orangeville 19 days
#14 Vaughan 20 days
#15 Oakville 20 days
#16 Richmond Hill 20 days
#17 East Gwillimbury 20 days
#18 Uxbridge 22 days
#19 New Tecumseth 22 days
#20 Caledon 25 days
#21 Georgina 25 days
#22 King 26 days
#23 Mono 29 days
Turnover is the percentage of homes sold over listings added in the last 28 days.
City Turnover
#1 Ajax 45.1%
#2 Markham 39.6%
#3 Uxbridge 35.8%
#4 Vaughan 34.9%
#5 East Gwillimbury 34.8%
#6 Pickering 33.3%
#7 Georgina 31.9%
#8 Toronto 30.8%
#9 Newmarket 28.4%
#10 Aurora 27.8%
#11 Whitchurch-Stouffville 26.1%
#12 New Tecumseth 25.9%
#13 Richmond Hill 25.5%
#14 Orangeville 25.4%
#15 Mono 24.3%
#16 Brampton 24.2%
#17 Halton Hills 22.5%
#18 Bradford West Gwillimbury 22.1%
#19 Mississauga 20.6%
#20 King 17.0%
#21 Caledon 16.1%
#22 Milton 11.2%
#23 Oakville 7.5%
Note: +/- change calculated year-over-year

Toronto vs. Greater Toronto

Area
Price Type
Property Type
Download as:
Last Updated: 2024-06-01
Toronto Data
Greater Toronto Data
Download as:
Last Updated: 2024-06-01

Have questions?

For media inquiries contact press@zolo.ca

About this Report

Zolo's real estate market trends gives you an up-to-date look at the Toronto housing market. We've made real estate data like average house prices, housing inventory, and days on market readily available to you. The home price data we report is consistently refreshed, with the most recent coverage between May 10 - June 07. The report also includes percentages that represent the year-over-year change from the same period in 2023. Along with all these real estate statistics is a ranking of every city in the Greater Toronto area based on their home sold price, price growth, days on market, and turnover. This way, you get to see the Toronto housing market on a wider scale, and how it compares to other cities in the metro area. This market report was designed to give you new insights on both the Toronto real estate market and the Greater Toronto area so that you have a better idea of where you want to live. In addition to our market report, consider reviewing other MLS® stats, like the MLS® Home Price Index, to get a better perspective of the market.

Numbers are based on firm contract dates, not when the transaction is reported or when the contract closes.

A contract is firm when both the home seller and buyer agree to the transaction, however this may not be reported in a timely fashion. Therefore, transaction reported dates are when the agent submits the sale to their local board. A contract is closed when the transaction actually occurs and the buyers move into the house. Normally, contracts close about 6-8 weeks after a contract is firm, which means the data you're seeing is reported in real-time.

Data is reported in 4 or 8 week periods.

28 and 56 day periods are used because some months have more weekends than others. This ensures that each period has the same amount of days and weekends so that a like-for-like comparison can be made.

What does pro-rated data mean?

Based on historical reporting, it can take up to four weeks or more for transactions to be reported. This means that approximately 30% of home transactions that occured within this period have yet to be included in this report. Because of this, this period's numbers are considered "pro-rated."