Greater Vancouver Detached Real Estate Sales Have Best August Since 2015

Greater Vancouver detached real estate sales are still enjoying the delayed spring rush this summer. Real Estate Board of Greater Vancouver (REBGV) data shows detached sales had the biggest August since 2015. Prices are also seeing growth accelerate as well, but higher inventory levels mean it’s nowhere near as tight as half a decade ago.
Greater Vancouver Detached Real Estate Prices Rise Over 6%
The price of a detached home in Greater Vancouver has gotten a boost during the pandemic. REBGV’s detached benchmark reached $1,491,300 in August, up 6.6% from the same month last year. In the City, prices in Vancouver East hit $1,502,700, up 10.1% from last year. In Vancouver West, the benchmark reached $3,084,600, up 5.6% from last year. The increase marks the fastest price growth in years for detached homes.
Greater Vancouver Detached Benchmark Price
The price of a typical detached home across the Greater Vancouver Real Estate Board, in Canadian dollars.
Month | Canadian Dollars |
---|---|
Jan 2005 | 545,100 |
Feb 2005 | 547,800 |
Mar 2005 | 550,000 |
Apr 2005 | 552,800 |
May 2005 | 559,300 |
Jun 2005 | 565,800 |
Jul 2005 | 573,500 |
Aug 2005 | 581,100 |
Sep 2005 | 588,700 |
Oct 2005 | 592,500 |
Nov 2005 | 596,900 |
Dec 2005 | 601,300 |
Jan 2006 | 613,300 |
Feb 2006 | 625,300 |
Mar 2006 | 637,800 |
Apr 2006 | 649,800 |
May 2006 | 662,300 |
Jun 2006 | 674,900 |
Jul 2006 | 678,700 |
Aug 2006 | 683,000 |
Sep 2006 | 686,900 |
Oct 2006 | 686,900 |
Nov 2006 | 687,400 |
Dec 2006 | 687,400 |
Jan 2007 | 696,100 |
Feb 2007 | 705,400 |
Mar 2007 | 714,100 |
Apr 2007 | 726,100 |
May 2007 | 737,600 |
Jun 2007 | 749,500 |
Jul 2007 | 755,000 |
Aug 2007 | 760,400 |
Sep 2007 | 765,400 |
Oct 2007 | 768,100 |
Nov 2007 | 770,300 |
Dec 2007 | 773,000 |
Jan 2008 | 781,700 |
Feb 2008 | 791,000 |
Mar 2008 | 800,200 |
Apr 2008 | 803,000 |
May 2008 | 805,700 |
Jun 2008 | 808,400 |
Jul 2008 | 795,300 |
Aug 2008 | 782,300 |
Sep 2008 | 769,700 |
Oct 2008 | 748,500 |
Nov 2008 | 728,300 |
Dec 2008 | 708,100 |
Jan 2009 | 702,700 |
Feb 2009 | 697,200 |
Mar 2009 | 692,300 |
Apr 2009 | 701,600 |
May 2009 | 710,800 |
Jun 2009 | 720,700 |
Jul 2009 | 734,800 |
Aug 2009 | 749,000 |
Sep 2009 | 764,300 |
Oct 2009 | 774,100 |
Nov 2009 | 784,400 |
Dec 2009 | 794,800 |
Jan 2010 | 807,300 |
Feb 2010 | 819,900 |
Mar 2010 | 835,700 |
Apr 2010 | 843,300 |
May 2010 | 845,500 |
Jun 2010 | 841,700 |
Jul 2010 | 835,700 |
Aug 2010 | 830,200 |
Sep 2010 | 827,500 |
Oct 2010 | 825,900 |
Nov 2010 | 830,800 |
Dec 2010 | 829,700 |
Jan 2011 | 847,700 |
Feb 2011 | 860,800 |
Mar 2011 | 880,900 |
Apr 2011 | 913,100 |
May 2011 | 928,900 |
Jun 2011 | 938,200 |
Jul 2011 | 945,200 |
Aug 2011 | 946,300 |
Sep 2011 | 945,800 |
Oct 2011 | 945,800 |
Nov 2011 | 942,500 |
Dec 2011 | 935,400 |
Jan 2012 | 935,400 |
Feb 2012 | 949,100 |
Mar 2012 | 961,100 |
Apr 2012 | 970,900 |
May 2012 | 973,600 |
Jun 2012 | 965,400 |
Jul 2012 | 954,500 |
Aug 2012 | 946,300 |
Sep 2012 | 940,900 |
Oct 2012 | 933,800 |
Nov 2012 | 920,200 |
Dec 2012 | 908,700 |
Jan 2013 | 906,000 |
Feb 2013 | 907,100 |
Mar 2013 | 912,000 |
Apr 2013 | 918,000 |
May 2013 | 921,300 |
Jun 2013 | 924,500 |
Jul 2013 | 925,600 |
Aug 2013 | 928,900 |
Sep 2013 | 927,800 |
Oct 2013 | 928,300 |
Nov 2013 | 930,000 |
Dec 2013 | 932,700 |
Jan 2014 | 936,000 |
Feb 2014 | 942,500 |
Mar 2014 | 954,500 |
Apr 2014 | 964,300 |
May 2014 | 973,600 |
Jun 2014 | 984,500 |
Jul 2014 | 988,300 |
Aug 2014 | 989,900 |
Sep 2014 | 995,900 |
Oct 2014 | 1,002,500 |
Nov 2014 | 1,005,800 |
Dec 2014 | 1,009,600 |
Jan 2015 | 1,018,300 |
Feb 2015 | 1,035,200 |
Mar 2015 | 1,061,400 |
Apr 2015 | 1,085,300 |
May 2015 | 1,112,600 |
Jun 2015 | 1,132,800 |
Jul 2015 | 1,152,400 |
Aug 2015 | 1,170,900 |
Sep 2015 | 1,190,600 |
Oct 2015 | 1,207,400 |
Nov 2015 | 1,236,900 |
Dec 2015 | 1,258,100 |
Jan 2016 | 1,284,900 |
Feb 2016 | 1,321,900 |
Mar 2016 | 1,361,200 |
Apr 2016 | 1,419,500 |
May 2016 | 1,523,100 |
Jun 2016 | 1,568,900 |
Jul 2016 | 1,585,200 |
Aug 2016 | 1,581,900 |
Sep 2016 | 1,575,400 |
Oct 2016 | 1,550,300 |
Nov 2016 | 1,519,300 |
Dec 2016 | 1,488,700 |
Jan 2017 | 1,479,500 |
Feb 2017 | 1,480,600 |
Mar 2017 | 1,499,100 |
Apr 2017 | 1,530,700 |
May 2017 | 1,572,100 |
Jun 2017 | 1,590,700 |
Jul 2017 | 1,613,000 |
Aug 2017 | 1,614,700 |
Sep 2017 | 1,616,300 |
Oct 2017 | 1,609,800 |
Nov 2017 | 1,606,500 |
Dec 2017 | 1,604,800 |
Jan 2018 | 1,603,200 |
Feb 2018 | 1,606,500 |
Mar 2018 | 1,611,900 |
Apr 2018 | 1,607,600 |
May 2018 | 1,608,100 |
Jun 2018 | 1,599,400 |
Jul 2018 | 1,585,800 |
Aug 2018 | 1,560,700 |
Sep 2018 | 1,541,100 |
Oct 2018 | 1,528,500 |
Nov 2018 | 1,506,700 |
Dec 2018 | 1,486,000 |
Jan 2019 | 1,458,800 |
Feb 2019 | 1,448,400 |
Mar 2019 | 1,445,100 |
Apr 2019 | 1,433,700 |
May 2019 | 1,426,600 |
Jun 2019 | 1,423,500 |
Jul 2019 | 1,417,000 |
Aug 2019 | 1,406,700 |
Sep 2019 | 1,406,200 |
Oct 2019 | 1,415,400 |
Nov 2019 | 1,415,400 |
Dec 2019 | 1,423,500 |
Jan 2020 | 1,431,200 |
Feb 2020 | 1,433,900 |
Mar 2020 | 1,450,700 |
Apr 2020 | 1,462,100 |
May 2020 | 1,456,700 |
Jun 2020 | 1,464,200 |
Jul 2020 | 1,477,800 |
Aug 2020 | 1,491,300 |
Greater Vancouver detached prices are rising rapidly, but are still down from just a few years ago. All three of the above regions have seen the rate of growth accelerate, and REBGV is growing at the fastest pace since 2018. However, REBGV data shows prices are still down 6.5% from just three years ago. In the City, Vancouver East is down 3.1% and Vancouver West is down 15.7% from three years ago.
Greater Vancouver Detached Benchmark Percent Change
The 12 month percent change of a typical detached home across the Greater Vancouver Real Estate Board.
Month | Change |
---|---|
Jan 2006 | 12.51 |
Feb 2006 | 14.15 |
Mar 2006 | 15.96 |
Apr 2006 | 17.55 |
May 2006 | 18.42 |
Jun 2006 | 19.28 |
Jul 2006 | 18.34 |
Aug 2006 | 17.54 |
Sep 2006 | 16.68 |
Oct 2006 | 15.93 |
Nov 2006 | 15.16 |
Dec 2006 | 14.32 |
Jan 2007 | 13.5 |
Feb 2007 | 12.81 |
Mar 2007 | 11.96 |
Apr 2007 | 11.74 |
May 2007 | 11.37 |
Jun 2007 | 11.05 |
Jul 2007 | 11.24 |
Aug 2007 | 11.33 |
Sep 2007 | 11.43 |
Oct 2007 | 11.82 |
Nov 2007 | 12.06 |
Dec 2007 | 12.45 |
Jan 2008 | 12.3 |
Feb 2008 | 12.13 |
Mar 2008 | 12.06 |
Apr 2008 | 10.59 |
May 2008 | 9.23 |
Jun 2008 | 7.86 |
Jul 2008 | 5.34 |
Aug 2008 | 2.88 |
Sep 2008 | 0.56 |
Oct 2008 | -2.55 |
Nov 2008 | -5.45 |
Dec 2008 | -8.4 |
Jan 2009 | -10.11 |
Feb 2009 | -11.86 |
Mar 2009 | -13.48 |
Apr 2009 | -12.63 |
May 2009 | -11.78 |
Jun 2009 | -10.85 |
Jul 2009 | -7.61 |
Aug 2009 | -4.26 |
Sep 2009 | -0.7 |
Oct 2009 | 3.42 |
Nov 2009 | 7.7 |
Dec 2009 | 12.24 |
Jan 2010 | 14.89 |
Feb 2010 | 17.6 |
Mar 2010 | 20.71 |
Apr 2010 | 20.2 |
May 2010 | 18.95 |
Jun 2010 | 16.79 |
Jul 2010 | 13.73 |
Aug 2010 | 10.84 |
Sep 2010 | 8.27 |
Oct 2010 | 6.69 |
Nov 2010 | 5.92 |
Dec 2010 | 4.39 |
Jan 2011 | 5 |
Feb 2011 | 4.99 |
Mar 2011 | 5.41 |
Apr 2011 | 8.28 |
May 2011 | 9.86 |
Jun 2011 | 11.46 |
Jul 2011 | 13.1 |
Aug 2011 | 13.98 |
Sep 2011 | 14.3 |
Oct 2011 | 14.52 |
Nov 2011 | 13.44 |
Dec 2011 | 12.74 |
Jan 2012 | 10.35 |
Feb 2012 | 10.26 |
Mar 2012 | 9.1 |
Apr 2012 | 6.33 |
May 2012 | 4.81 |
Jun 2012 | 2.9 |
Jul 2012 | 0.98 |
Aug 2012 | 0 |
Sep 2012 | -0.52 |
Oct 2012 | -1.27 |
Nov 2012 | -2.37 |
Dec 2012 | -2.85 |
Jan 2013 | -3.14 |
Feb 2013 | -4.43 |
Mar 2013 | -5.11 |
Apr 2013 | -5.45 |
May 2013 | -5.37 |
Jun 2013 | -4.24 |
Jul 2013 | -3.03 |
Aug 2013 | -1.84 |
Sep 2013 | -1.39 |
Oct 2013 | -0.59 |
Nov 2013 | 1.06 |
Dec 2013 | 2.64 |
Jan 2014 | 3.31 |
Feb 2014 | 3.9 |
Mar 2014 | 4.66 |
Apr 2014 | 5.04 |
May 2014 | 5.68 |
Jun 2014 | 6.49 |
Jul 2014 | 6.77 |
Aug 2014 | 6.57 |
Sep 2014 | 7.34 |
Oct 2014 | 7.99 |
Nov 2014 | 8.15 |
Dec 2014 | 8.24 |
Jan 2015 | 8.79 |
Feb 2015 | 9.84 |
Mar 2015 | 11.2 |
Apr 2015 | 12.55 |
May 2015 | 14.28 |
Jun 2015 | 15.06 |
Jul 2015 | 16.6 |
Aug 2015 | 18.28 |
Sep 2015 | 19.55 |
Oct 2015 | 20.44 |
Nov 2015 | 22.98 |
Dec 2015 | 24.61 |
Jan 2016 | 26.18 |
Feb 2016 | 27.7 |
Mar 2016 | 28.25 |
Apr 2016 | 30.79 |
May 2016 | 36.9 |
Jun 2016 | 38.5 |
Jul 2016 | 37.56 |
Aug 2016 | 35.1 |
Sep 2016 | 32.32 |
Oct 2016 | 28.4 |
Nov 2016 | 22.83 |
Dec 2016 | 18.33 |
Jan 2017 | 15.15 |
Feb 2017 | 12.01 |
Mar 2017 | 10.13 |
Apr 2017 | 7.83 |
May 2017 | 3.22 |
Jun 2017 | 1.39 |
Jul 2017 | 1.75 |
Aug 2017 | 2.07 |
Sep 2017 | 2.6 |
Oct 2017 | 3.84 |
Nov 2017 | 5.74 |
Dec 2017 | 7.8 |
Jan 2018 | 8.36 |
Feb 2018 | 8.5 |
Mar 2018 | 7.52 |
Apr 2018 | 5.02 |
May 2018 | 2.29 |
Jun 2018 | 0.55 |
Jul 2018 | -1.69 |
Aug 2018 | -3.34 |
Sep 2018 | -4.65 |
Oct 2018 | -5.05 |
Nov 2018 | -6.21 |
Dec 2018 | -7.4 |
Jan 2019 | -9.01 |
Feb 2019 | -9.84 |
Mar 2019 | -10.35 |
Apr 2019 | -10.82 |
May 2019 | -11.29 |
Jun 2019 | -10.9 |
Jul 2019 | -10.5 |
Aug 2019 | -9.8 |
Sep 2019 | -8.6 |
Oct 2019 | -7.5 |
Nov 2019 | -5.8 |
Dec 2019 | -4 |
Jan 2020 | -1.7 |
Feb 2020 | -0.7 |
Mar 2020 | 0.7 |
Apr 2020 | 2.3 |
May 2020 | 2.9 |
Jun 2020 | 3.6 |
Jul 2020 | 5 |
Aug 2020 | 6.6 |
Detached Sales Had The Biggest August Since 2015
Greater Vancouver detached sales had the best August in years. REBGV reported 1,095 detached sales in August, down 2.3% from the month before. The increase works out to 55.1% higher than the same month last year. That makes this past August the busiest for detached sales since 2015.
Greater Vancouver Detached August Sales
The number of detached homes sold in the month of August, across Greater Vancouver.
Year | Sales |
---|---|
2009 | 1,367 |
2010 | 893 |
2011 | 1,020 |
2012 | 624 |
2013 | 1,018 |
2014 | 1,158 |
2015 | 1,494 |
2016 | 715 |
2017 | 901 |
2018 | 567 |
2019 | 706 |
2020 | 1,095 |
New Inventory Is Hitting The Market Very Quickly As Well
Like most markets and segments, Greater Vancouver is seeing a significant increase in sellers hitting the market. REBGV reported 1,837 new listings in August, down 3.57% from the month before. This works out to an increase of 41.85% from the same month last year. Despite the flood of new listings, it was lower than the rise in sales, pushing total inventory levels lower.
Greater Vancouver Detached Sales Vs. New Listings
The total number of detached sales, compared to the number of new detached listings per month.
Month | Sales | Listings |
---|---|---|
Dec 2015 | 1,136 | 830 |
Jan 2016 | 1,047 | 1,929 |
Feb 2016 | 1,778 | 2,811 |
Mar 2016 | 2,135 | 2,931 |
Apr 2016 | 1,979 | 2,883 |
May 2016 | 1,865 | 2,915 |
Jun 2016 | 1,920 | 2,618 |
Jul 2016 | 1,077 | 2,386 |
Aug 2016 | 715 | 1,814 |
Sep 2016 | 666 | 2,147 |
Oct 2016 | 652 | 1,596 |
Nov 2016 | 638 | 1,205 |
Dec 2016 | 541 | 513 |
Jan 2017 | 444 | 1,915 |
Feb 2017 | 741 | 1,430 |
Mar 2017 | 1,150 | 1,924 |
Apr 2017 | 1,204 | 2,091 |
May 2017 | 1,548 | 2,657 |
Jun 2017 | 1,312 | 2,647 |
Jul 2017 | 936 | 2,201 |
Aug 2017 | 893 | 1,737 |
Sep 2017 | 842 | 2,379 |
Oct 2017 | 934 | 1,829 |
Nov 2017 | 832 | 1,575 |
Dec 2017 | 616 | 675 |
Jan 2018 | 486 | 1,667 |
Feb 2018 | 620 | 1,806 |
Mar 2018 | 717 | 1,800 |
Apr 2018 | 807 | 2,479 |
May 2018 | 926 | 2,605 |
Jun 2018 | 766 | 2,114 |
Jul 2018 | 637 | 1,723 |
Aug 2018 | 567 | 1,463 |
Sep 2018 | 502 | 1,974 |
Oct 2018 | 634 | 1,700 |
Nov 2018 | 516 | 1,190 |
Dec 2018 | 347 | 536 |
Jan 2019 | 339 | 1,843 |
Feb 2019 | 448 | 1,396 |
Mar 2019 | 529 | 1,798 |
Apr 2019 | 586 | 2,085 |
May 2019 | 906 | 2,198 |
Jun 2019 | 763 | 1,735 |
Jul 2019 | 841 | 1,583 |
Aug 2019 | 706 | 1,295 |
Sep 2019 | 745 | 1,702 |
Oct 2019 | 934 | 1,392 |
Nov 2019 | 825 | 1,055 |
Dec 2019 | 599 | 522 |
Jan 2020 | 435 | 1,328 |
Feb 2020 | 682 | 1,312 |
Mar 2020 | 529 | 1,499 |
Apr 2020 | 386 | 730 |
May 2020 | 534 | 1,208 |
Jun 2020 | 866 | 1,916 |
Jul 2020 | 1,121 | 1,905 |
Aug 2020 | 1,095 | 1,837 |
Active listings, or total inventory, for detached homes is significantly lower this year. REBGV reported 4,614 active listings for detached homes in August, up 3.45% from a month before. This number is still 21.84% lower than the same month last year though. While that makes the market tighter, it’s nowhere as tight as it was back in 2015 when sales were last this high.
Greater Vancouver detached real estate prices have been rising at the fastest pace in years. They aren’t quite back to where they were a few years ago, but price growth is undeniably accelerating. New listings are also rising quickly though, making it a very different market. Sales are the highest since 2015, but the level of inventory is nowhere as low as it was back then.
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Primary Sidebar
Toronto Detached Prices Rise At The Fastest Pace Since 2017

Greater Toronto real estate has seen sales surge, and the detached market is leading the way. Toronto Regional Real Estate Board (TRREB) data shows detached sales nearly reached a record high in August. Most of the activity surge has been in the 905 suburbs, but the City’s buyers don’t seem to have noticed. The City is seeing prices rise at the same rate, despite the market not being nearly as tight as in the suburbs.
Greater Toronto Detached Prices Rise Over 11%
The price of a typical detached home is soaring, and it doesn’t really matter where in Greater Toronto. TRREB’s detached benchmark reached $1,054,300 in August, up 11.79% from the same month last year. The City of Toronto benchmark reached $1,267,200, up a relatively similar 11.85% from last year. Both numbers aren’t just very high, they’re growing at a much faster rate than when the economy was doing “well.”
Toronto Detached Benchmark Price
The price of a typical detached home across the Toronto Real Estate Board, in Canadian dollars.
Month | TREB | City of Toronto |
---|---|---|
Jan 2014 | 594,600 | 730,000 |
Feb 2014 | 601,300 | 737,800 |
Mar 2014 | 609,800 | 750,000 |
Apr 2014 | 617,300 | 759,500 |
May 2014 | 622,800 | 768,600 |
Jun 2014 | 628,800 | 773,800 |
Jul 2014 | 631,400 | 774,700 |
Aug 2014 | 631,000 | 770,800 |
Sep 2014 | 632,100 | 769,100 |
Oct 2014 | 637,300 | 774,300 |
Nov 2014 | 640,300 | 782,100 |
Dec 2014 | 642,900 | 785,100 |
Jan 2015 | 645,200 | 787,300 |
Feb 2015 | 654,900 | 794,300 |
Mar 2015 | 666,800 | 808,100 |
Apr 2015 | 678,300 | 823,300 |
May 2015 | 687,600 | 834,200 |
Jun 2015 | 695,400 | 838,900 |
Jul 2015 | 700,600 | 843,300 |
Aug 2015 | 704,400 | 845,000 |
Sep 2015 | 708,100 | 852,800 |
Oct 2015 | 712,200 | 855,800 |
Nov 2015 | 714,800 | 859,700 |
Dec 2015 | 717,800 | 864,100 |
Jan 2016 | 728,900 | 876,300 |
Feb 2016 | 739,000 | 878,000 |
Mar 2016 | 754,200 | 897,600 |
Apr 2016 | 776,900 | 924,000 |
May 2016 | 808,600 | 961,300 |
Jun 2016 | 826,400 | 982,100 |
Jul 2016 | 836,900 | 988,600 |
Aug 2016 | 845,000 | 991,200 |
Sep 2016 | 855,500 | 999,900 |
Oct 2016 | 872,600 | 1,020,300 |
Nov 2016 | 878,900 | 1,031,500 |
Dec 2016 | 885,600 | 1,038,900 |
Jan 2017 | 907,100 | 1,076,300 |
Feb 2017 | 936,600 | 1,105,700 |
Mar 2017 | 992,700 | 1,171,900 |
Apr 2017 | 1,042,100 | 1,226,300 |
May 2017 | 1,049,500 | 1,228,500 |
Jun 2017 | 1,027,200 | 1,205,400 |
Jul 2017 | 963,900 | 1,146,100 |
Aug 2017 | 936,100 | 1,100,100 |
Sep 2017 | 930,500 | 1,093,900 |
Oct 2017 | 921,200 | 1,088,200 |
Nov 2017 | 915,600 | 1,088,200 |
Dec 2017 | 909,300 | 1,085,100 |
Jan 2018 | 907,100 | 1,080,800 |
Feb 2018 | 915,300 | 1,090,000 |
Mar 2018 | 924,900 | 1,100,500 |
Apr 2018 | 927,800 | 1,109,700 |
May 2018 | 934,100 | 1,123,800 |
Jun 2018 | 931,600 | 1,119,400 |
Jul 2018 | 923,800 | 1,112,800 |
Aug 2018 | 914,900 | 1,100,500 |
Sep 2018 | 914,200 | 1,105,300 |
Oct 2018 | 914,500 | 1,109,300 |
Nov 2018 | 910,100 | 1,111,000 |
Dec 2018 | 907,900 | 1,097,400 |
Jan 2019 | 903,800 | 1,089,100 |
Feb 2019 | 907,200 | 1,096,100 |
Mar 2019 | 923,000 | 1,120,200 |
Apr 2019 | 934,500 | 1,131,700 |
May 2019 | 939,300 | 1,136,000 |
Jun 2019 | 942,200 | 1,135,200 |
Jul 2019 | 943,300 | 1,134,300 |
Aug 2019 | 943,000 | 1,133,000 |
Sep 2019 | 946,700 | 1,135,600 |
Oct 2019 | 952,200 | 1,144,800 |
Nov 2019 | 956,600 | 1,152,700 |
Dec 2019 | 961,100 | 1,157,100 |
Jan 2020 | 970,700 | 1,163,300 |
Feb 2020 | 991,000 | 1,184,800 |
Mar 2020 | 1,011,300 | 1,209,800 |
Apr 2020 | 1,013,900 | 1,221,200 |
May 2020 | 1,010,400 | 1,222,000 |
Jun 2020 | 1,005,600 | 1,201,900 |
Jul 2020 | 1,036,600 | 1,251,000 |
Aug 2020 | 1,054,300 | 1,267,200 |
The benchmark price of a detached home is growing at the fastest rate in years. Both TRREB and the City of Toronto’s benchmarks are growing at a similar pace. This is the highest rate of growth since 2017, when the market actually saw new restrictions to contain price growth.
Toronto Detached Benchmark Percent Change
The 12 month percent change of a typical detached home across the Toronto Real Estate Board.
Month | TREB | City of Toronto |
---|---|---|
Jan 2015 | 8.51 | 7.85 |
Feb 2015 | 8.91 | 7.66 |
Mar 2015 | 9.35 | 7.75 |
Apr 2015 | 9.88 | 8.4 |
May 2015 | 10.4 | 8.53 |
Jun 2015 | 10.59 | 8.41 |
Jul 2015 | 10.96 | 8.86 |
Aug 2015 | 11.63 | 9.63 |
Sep 2015 | 12.02 | 10.88 |
Oct 2015 | 11.75 | 10.53 |
Nov 2015 | 11.64 | 9.92 |
Dec 2015 | 11.65 | 10.06 |
Jan 2016 | 12.97 | 11.3 |
Feb 2016 | 12.84 | 10.54 |
Mar 2016 | 13.11 | 11.08 |
Apr 2016 | 14.54 | 12.23 |
May 2016 | 17.6 | 15.24 |
Jun 2016 | 18.84 | 17.07 |
Jul 2016 | 19.45 | 17.23 |
Aug 2016 | 19.96 | 17.3 |
Sep 2016 | 20.82 | 17.25 |
Oct 2016 | 22.52 | 19.22 |
Nov 2016 | 22.96 | 19.98 |
Dec 2016 | 23.38 | 20.23 |
Jan 2017 | 24.45 | 22.82 |
Feb 2017 | 26.74 | 25.93 |
Mar 2017 | 31.62 | 30.56 |
Apr 2017 | 34.14 | 32.72 |
May 2017 | 29.79 | 27.8 |
Jun 2017 | 24.3 | 22.74 |
Jul 2017 | 15.18 | 15.93 |
Aug 2017 | 10.78 | 10.99 |
Sep 2017 | 8.77 | 9.4 |
Oct 2017 | 5.57 | 6.65 |
Nov 2017 | 4.18 | 5.5 |
Dec 2017 | 2.68 | 4.45 |
Jan 2018 | 0 | 0.42 |
Feb 2018 | -2.27 | -1.42 |
Mar 2018 | -6.83 | -6.09 |
Apr 2018 | -10.97 | -9.51 |
May 2018 | -11 | -8.52 |
Jun 2018 | -9.31 | -7.13 |
Jul 2018 | -4.16 | -2.91 |
Aug 2018 | -2.26 | 0.04 |
Sep 2018 | -1.75 | 1.04 |
Oct 2018 | -0.73 | 1.94 |
Nov 2018 | -0.28 | 2.1 |
Dec 2018 | -0.16 | 1.13 |
Jan 2019 | -0.04 | 0.77 |
Feb 2019 | -0.57 | 0.56 |
Mar 2019 | 0.08 | 1.79 |
Apr 2019 | 1.04 | 1.98 |
May 2019 | 0.83 | 1.09 |
Jun 2019 | 1.47 | 1.41 |
Jul 2019 | 2.45 | 1.93 |
Aug 2019 | 3.07 | 2.95 |
Sep 2019 | 3.55 | 2.74 |
Oct 2019 | 4.12 | 3.2 |
Nov 2019 | 5.11 | 3.75 |
Dec 2019 | 5.86 | 5.44 |
Jan 2020 | 7.39 | 6.81 |
Feb 2020 | 9.24 | 8.09 |
Mar 2020 | 9.56 | 7.99 |
Apr 2020 | 8.49 | 7.95 |
May 2020 | 7.55 | 7.57 |
Jun 2020 | 6.7 | 5.88 |
Jul 2020 | 9.86 | 10.29 |
Aug 2020 | 11.79 | 11.85 |
The median sales price was less, but increased much more than the benchmark price. TRREB’s median sale price increased to $1,010,000 in August, up 18.77% from a year before. The City of Toronto median detached house went fro $1,200,000, up 24.10% from a year before. This means over half of homes in the 905 went for 4% above the benchmark, and more than half in the city went 5% below the benchmark. A bit of an oddity.
Toronto Detached Average Sale Price
The average sale price of a detached house in the Toronto Real Estate Board.
Month | TREB | 416 | 905 |
---|---|---|---|
Oct 2015 | 823,177 | 1,071,394 | 734,745 |
Nov 2015 | 829,241 | 1,018,621 | 762,326 |
Dec 2015 | 825,470 | 1,039,638 | 747,229 |
Jan 2016 | 848,999 | 1,061,789 | 783,565 |
Feb 2016 | 909,761 | 1,211,459 | 816,705 |
Mar 2016 | 910,375 | 1,174,358 | 837,217 |
Apr 2016 | 968,437 | 1,257,958 | 881,413 |
May 2016 | 986,691 | 1,285,693 | 891,870 |
Jun 2016 | 979,445 | 1,259,486 | 892,747 |
Jul 2016 | 952,983 | 1,202,753 | 888,565 |
Aug 2016 | 964,002 | 1,206,637 | 905,610 |
Sep 2016 | 1,013,788 | 1,294,482 | 928,414 |
Oct 2016 | 1,034,077 | 1,303,339 | 948,191 |
Nov 2016 | 1,058,273 | 1,345,962 | 957,517 |
Dec 2016 | 1,016,145 | 1,286,605 | 934,055 |
Jan 2017 | 1,068,670 | 1,336,640 | 999,102 |
Feb 2017 | 1,205,815 | 1,573,622 | 1,106,201 |
Mar 2017 | 1,214,422 | 1,561,780 | 1,124,088 |
Apr 2017 | 1,205,262 | 1,578,542 | 1,098,827 |
May 2017 | 1,141,041 | 1,503,868 | 1,025,893 |
Jun 2017 | 1,055,863 | 1,386,524 | 948,099 |
Jul 2017 | 1,000,336 | 1,304,288 | 910,348 |
Aug 2017 | 968,494 | 1,191,052 | 906,592 |
Sep 2017 | 1,015,067 | 1,355,234 | 912,921 |
Oct 2017 | 1,008,207 | 1,287,765 | 910,488 |
Nov 2017 | 996,527 | 1,276,184 | 898,605 |
Dec 2017 | 989,870 | 1,250,235 | 910,216 |
Jan 2018 | 970,823 | 1,283,981 | 879,048 |
Feb 2018 | 1,000,736 | 1,282,240 | 911,065 |
Mar 2018 | 1,005,779 | 1,293,903 | 921,515 |
Apr 2018 | 1,030,103 | 1,354,719 | 929,092 |
May 2018 | 1,045,553 | 1,426,094 | 929,401 |
Jun 2018 | 1,033,574 | 1,354,429 | 928,560 |
Jul 2018 | 1,004,647 | 1,350,700 | 907,347 |
Aug 2018 | 977,187 | 1,244,275 | 907,780 |
Sep 2018 | 1,008,361 | 1,342,363 | 905,722 |
Oct 2018 | 1,019,416 | 1,311,265 | 914,179 |
Nov 2018 | 1,008,768 | 1,301,382 | 903,517 |
Dec 2018 | 945,580 | 1,145,892 | 891,095 |
Jan 2019 | 941,488 | 1,174,134 | 883,027 |
Feb 2019 | 980,914 | 1,294,936 | 894,147 |
Mar 2019 | 984,782 | 1,267,598 | 910,624 |
Apr 2019 | 1,018,147 | 1,355,764 | 914,249 |
May 2019 | 1,042,218 | 1,384,993 | 925,621 |
Jun 2019 | 1,018,987 | 1,332,639 | 922,367 |
Jul 2019 | 995,043 | 1,227,301 | 929,633 |
Aug 2019 | 978,920 | 1,246,392 | 918,242 |
Sep 2019 | 1,050,421 | 1,360,623 | 946,256 |
Oct 2019 | 1,049,300 | 1,323,015 | 952,574 |
Nov 2019 | 1,044,138 | 1,360,246 | 943,494 |
Dec 2019 | 1,052,081 | 1,363,357 | 956,792 |
Jan 2020 | 1,038,247 | 1,369,848 | 957,287 |
Feb 2020 | 1,113,918 | 1,485,304 | 1,017,573 |
Mar 2020 | 1,107,870 | 1,465,826 | 1,005,999 |
Apr 2020 | 983,630 | 1,249,730 | 907,843 |
May 2020 | 1,033,341 | 1,422,273 | 942,668 |
Jun 2020 | 1,127,419 | 1,523,770 | 1,027,634 |
Jul 2020 | 1,154,356 | 1,541,003 | 1,060,318 |
Aug 2020 | 1,172,880 | 1,505,100 | 1,088,559 |
The average sale price for detached homes made a similar increase to the median. TRREB’s average sale price reached $1,172,880 in August, up 19.9% from last year. The City of Toronto average increased $1,505,100, up 21.4% from the same month last year. The City’s average is much higher than the benchmark, indicating a rise in luxury sales.
Toronto Detached Average Sale Price Change
The 12 month percent change of average sale price across across TREB.
Month | 12 Month Change |
---|---|
Jan 2016 | 18.55 |
Feb 2016 | 16.31 |
Mar 2016 | 15.62 |
Apr 2016 | 18.94 |
May 2016 | 18.91 |
Jun 2016 | 19.94 |
Jul 2016 | 21 |
Aug 2016 | 21.7 |
Sep 2016 | 23.65 |
Oct 2016 | 25.62 |
Nov 2016 | 27.62 |
Dec 2016 | 23.1 |
Jan 2017 | 25.87 |
Feb 2017 | 32.54 |
Mar 2017 | 33.4 |
Apr 2017 | 24.45 |
May 2017 | 15.64 |
Jun 2017 | 7.8 |
Jul 2017 | 4.97 |
Aug 2017 | 0.47 |
Sep 2017 | 0.13 |
Oct 2017 | -2.5 |
Nov 2017 | -5.8 |
Dec 2017 | -2.59 |
Jan 2018 | -9.1 |
Feb 2018 | -17.2 |
Mar 2018 | -17.1 |
Apr 2018 | -14.4 |
May 2018 | -8.2 |
Jun 2018 | -1.9 |
Jul 2018 | 0.5 |
Aug 2018 | 1.2 |
Sep 2018 | -0.6 |
Oct 2018 | 1 |
Nov 2018 | 1.3 |
Dec 2018 | -4.4 |
Jan 2019 | -2.8 |
Feb 2019 | -2.1 |
Mar 2019 | -2.1 |
Apr 2019 | -1.3 |
May 2019 | 1.1 |
Jun 2019 | -1.4 |
Jul 2019 | -0.9 |
Aug 2019 | 0.3 |
Sep 2019 | 4.17 |
Oct 2019 | 3 |
Nov 2019 | 3.5 |
Dec 2019 | 11.6 |
Jan 2020 | 10.5 |
Feb 2020 | 13.7 |
Mar 2020 | 12.5 |
Apr 2020 | -3.5 |
May 2020 | -0.9 |
Jun 2020 | 10.8 |
Jul 2020 | 16 |
Aug 2020 | 19.9 |
Busiest August For Detached Home Sales Since 2016
Detached homes sales are still enjoying a delayed spring market. TRREB reported 5,429 detached sales in August, up 50.6% from last year. The City of Toronto represented 1,099 of those sales, up 65.3% from last year. This is just a few units under the record set for August in 2016. Once again, the demand shift from spring to summer due to the pandemic means this is a very different reason. However, to current buyers, it feels the same.
Toronto Detached August Sales
The total number of Greater Toronto detached sales made in the month of August.
Year | Detached Sales |
---|---|
2005 | 3,546 |
2006 | 3,231 |
2007 | 3,728 |
2008 | 2,841 |
2009 | 3,772 |
2010 | 2,832 |
2011 | 3,489 |
2012 | 3,029 |
2013 | 3,635 |
2014 | 3,551 |
2015 | 3,669 |
2016 | 4,449 |
2017 | 2,578 |
2018 | 3,001 |
2019 | 3,618 |
2020 | 4,445 |
New Inventory Is Rising Much Faster In The City
The number of new listings failed to keep up in the suburbs, but showed similar growth to sales in the City. TRREB reported 8,301 new listings in August, up 33.54% from the same month last year. The City of Toronto represented 1,862 of those sales, up 63.52% from the same month last year. This means more pressure on inventory in the suburbs, reflected in the number of active listings.
Toronto Detached Sales Vs. New Listings
The total number of detached sales, compared to the number of new detached listings per month.
Month | Sales | New Listings |
---|---|---|
Oct 2015 | 4,100 | 6,299 |
Nov 2015 | 3,451 | 4,153 |
Dec 2015 | 2,134 | 1,980 |
Jan 2016 | 2,109 | 3,822 |
Feb 2016 | 3,627 | 5,165 |
Mar 2016 | 4,954 | 7,029 |
Apr 2016 | 6,062 | 7,805 |
May 2016 | 6,500 | 8,554 |
Jun 2016 | 6,307 | 8,432 |
Jul 2016 | 4,653 | 6,347 |
Aug 2016 | 4,449 | 5,803 |
Sep 2016 | 4,708 | 7,659 |
Oct 2016 | 4,499 | 6,767 |
Nov 2016 | 3,890 | 5,109 |
Dec 2016 | 2,259 | 1,736 |
Jan 2017 | 2,261 | 3,244 |
Feb 2017 | 3,721 | 4,825 |
Mar 2017 | 5,887 | 9,012 |
Apr 2017 | 5,715 | 11,863 |
May 2017 | 4,757 | 14,036 |
Jun 2017 | 3,450 | 10,263 |
Jul 2017 | 2,434 | 6,989 |
Aug 2017 | 2,578 | 5,697 |
Sep 2017 | 2,780 | 9,009 |
Oct 2017 | 3,135 | 7,849 |
Nov 2017 | 3,131 | 7,420 |
Dec 2017 | 1,938 | 3,046 |
Jan 2018 | 1,659 | 4,375 |
Feb 2018 | 2,169 | 5,556 |
Mar 2018 | 3,120 | 8,011 |
Apr 2018 | 3,451 | 8,578 |
May 2018 | 3,344 | 10,208 |
Jun 2018 | 3,589 | 8,417 |
Jul 2018 | 3,062 | 7,088 |
Aug 2018 | 3,001 | 6,167 |
Sep 2018 | 2,829 | 8,727 |
Oct 2018 | 3,328 | 7,606 |
Nov 2018 | 2,665 | 5,367 |
Dec 2018 | 1,590 | 2,090 |
Jan 2019 | 1,703 | 4,862 |
Feb 2019 | 2,171 | 5,053 |
Mar 2019 | 3,230 | 7,364 |
Apr 2019 | 4,173 | 9,360 |
May 2019 | 4,649 | 10,681 |
Jun 2019 | 4,225 | 8,675 |
Jul 2019 | 3,941 | 7,558 |
Aug 2019 | 3,618 | 6,216 |
Sep 2019 | 3,616 | 8,707 |
Oct 2019 | 3,960 | 6,961 |
Nov 2019 | 3,263 | 4,296 |
Dec 2019 | 1,984 | 4,729 |
Jan 2020 | 2,074 | 4,075 |
Feb 2020 | 3,476 | 5,649 |
Mar 2020 | 3,760 | 7,330 |
Apr 2020 | 1,412 | 2,972 |
May 2020 | 2,285 | 4,522 |
Jun 2020 | 4,445 | 7,791 |
Jul 2020 | 5,633 | 8,360 |
Aug 2020 | 5,429 | 8,301 |
The number of active listings, or total inventory, made a significant decline. TRREB reported 7,395 active listings in August, down 25.41% from the same month last year. The City of Toronto represented 1,675 of those listings, down 6.32% over the same period. The 905 is seeing detached inventory fall much faster than the City.
Toronto Active Detached Listings
The total number of detached listings available.
Month | Active Listings |
---|---|
Sep 2015 | 8,042 |
Oct 2015 | 7,349 |
Nov 2015 | 5,777 |
Dec 2015 | 3,644 |
Jan 2016 | 3,912 |
Feb 2016 | 4,363 |
Mar 2016 | 4,970 |
Apr 2016 | 5,089 |
May 2016 | 5,303 |
Jun 2016 | 5,144 |
Jul 2016 | 4,762 |
Aug 2016 | 4,237 |
Sep 2016 | 5,279 |
Oct 2016 | 5,211 |
Nov 2016 | 4,296 |
Dec 2016 | 2,224 |
Jan 2017 | 2,306 |
Feb 2017 | 2,624 |
Mar 2017 | 4,347 |
Apr 2017 | 7,458 |
May 2017 | 10,654 |
Jun 2017 | 11,245 |
Jul 2017 | 10,497 |
Aug 2017 | 9,215 |
Sep 2017 | 11,048 |
Oct 2017 | 11,004 |
Nov 2017 | 10,600 |
Dec 2017 | 7,508 |
Jan 2018 | 6,819 |
Feb 2018 | 7,852 |
Mar 2018 | 9,651 |
Apr 2018 | 10,956 |
May 2018 | 12,505 |
Jun 2018 | 12,489 |
Jul 2018 | 11,662 |
Aug 2018 | 10,563 |
Sep 2018 | 12,042 |
Oct 2018 | 11,473 |
Nov 2018 | 10,001 |
Dec 2018 | 6,920 |
Jan 2019 | 7,087 |
Feb 2019 | 7,931 |
Mar 2019 | 9,361 |
Apr 2019 | 11,051 |
May 2019 | 12,390 |
Jun 2019 | 12,301 |
Jul 2019 | 11,221 |
Aug 2019 | 9,915 |
Sep 2019 | 10,863 |
Oct 2019 | 9,772 |
Nov 2019 | 7,590 |
Dec 2019 | 4,729 |
Jan 2020 | 4,832 |
Feb 2020 | 5,559 |
Mar 2020 | 6,459 |
Apr 2020 | 6,127 |
May 2020 | 6,375 |
Jun 2020 | 7,243 |
Jul 2020 | 7,227 |
Aug 2020 | 7,395 |
Greater Toronto real estate has been extremely busy this summer, and most of that activity has been in detached markets. Despite the 905 becoming a much tighter market than the City, both are seeing prices rise at the same pace. This likely indicates cheap money and exuberance are much bigger influencers in the City than the suburbs.
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