Toronto Housing Market Report

Market Report Summary for May 2023


Updated June 2nd, 2023

The average home sold price in the Greater Toronto Area (GTA) decreased 1.4% year-over-year to $1,196,101 for May 2023.

The number of Toronto home sales increased on an annual basis for the first time since November 2021.

Detached home average price increased by 0.5% year-over-year to $1.56M.

Semi-detached home average price decreased by 0.6% year-over-year to $1.20M.

Freehold townhouse average price increased by 5.1% year-over-year to $1.12M.

Condo apartment average price decreased by 2.9% year-over-year to $748k.


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