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.