GTA Detached House Market Pulse© April 2024

In April, the average price of detached houses in the Greater Toronto Area increased by 2% year-on-year, while transaction volumes decreased by 8% compared to the same period last year.

Among the major municipalities in the GTA, except for a 2% year-on-year decrease in the average price of detached houses in Markham, other municipalities saw price increases. Richmond Hill showed the most remarkable performance, with detached house prices soaring by 11% year-on-year and 12% month-on-month.

Regarding transaction volumes, while the transaction volume for detached houses in Mississauga saw a slight year-on-year increase, other municipalities experienced varying degrees of decline in transaction volumes.

©Daisy Huang, GTA Top 1% Realtor, #1 Detached House Expert

GTA Detached House Market Pulse© March 2024

In March, the average price of detached houses in Greater Toronto Area remained unchanged compared to the previous year, with a 3% decrease in transaction volume.

Among the major municipalities in the GTA, Toronto saw no change in the average price of detached houses compared to the previous year, while Markham and Mississauga saw slight increases of 2% and 1%, respectively. At the same time, Richmond Hill, Vaughan, and Oakville saw decreases of 7%, 3%, and 2% in the average price of detached houses, respectively.

In terms of transaction volume, there was a slight decrease in the transaction volume of detached houses in the major municipalities across the GTA.

GTA Top 1% Real Estate Agent, Detached House Expert

GTA Detached House Market Pulse© January 2024

In January, the average price of detached houses in Greater Toronto increased by 1% year-on-year, accompanied by a 27% increase in transaction volume.

In the surrounding towns and cities near Toronto, except for a 3% decrease in average price in Richmond Hill, detached houses in other municipalities showed year-on-year increases. Specifically, there was a 1% increase in Vaughan detached house price, 6% increase in Toronto, 7% increase in Markham, and the largest increases were seen in Oakville and Mississauga in the west of Greater Toronto, with a 13% and 16% increase in detached house price respectively.

Regarding transaction volume, except for a 4% decrease in Richmond Hill, transaction volumes for detached houses in other municipalities increased. Particularly noteworthy is Mississauga, where both the volume and prices increased significantly in January, with a remarkable 72% increase in detached house transaction volume year-on-year.

©Daisy Huang, GTA Top 1% Agent, #1 Detached House Expert

2024 Greater Toronto Area Detached House New Year’s List©

In 2023, the average price of detached houses in the Greater Toronto Area was $1.46 million, with an annual decline of 5.3%.

The heatmap shows that the darker the color, the smaller the decline in prices, while lighter colors indicate larger declines. It can be observed that the outlying areas of the GTA experienced more significant declines in detached house prices in 2023 compared to the core GTA areas.

In terms of prices, Toronto Central, King City, and Oakville topped the list for detached house prices. The average transaction prices were $2.56 million, $2.26 million, and $2.02 million respectively.

In the 2023 quadrant graph for detached houses, the horizontal axis represents the average transaction price, the vertical axis represents the annual change in price, and the size of the circles represents the transaction volume. It’s quite evident from the graph that the lower-priced towns experienced larger price drops for detached houses, while the higher-priced towns tended to retain their value better.

In 2023, Richmond Hill, Markham, and Vaughan experienced the smallest declines in detached house prices, with Richmond Hill remaining almost unchanged, experiencing only a marginal decrease of 0.1%. Markham and Vaughan both saw declines of 3.3%. The largest decrease in detached house prices in the GTA occurred in the northeastern town of Brock, with an average annual decline of 16%. In terms of transaction volume, Brampton, where the majority of residents are of Indian descent, had the highest transaction volume for detached houses in 2023, with an average price of $1.23 million and an annual decrease of 11%.

GTA top1% real estate agent Daisy Huang presents【Fly-over heatmap analysis of detached house prices in the GTA (Greater Toronto Area) for the year of 2023】
GTA top1% realtor Daisy Huang presents【Price vs YoY change% quadrant analysis for detached houses in the Greater Toronto Area】

GTA Top 1% Real Estate Agent, Detached House Expert

GTA Detached House Market Pulse© November 2023

In November, the average price for detached houses in the Greater Toronto Area increased by a marginal 1% year-on-year, with a corresponding 8% year-on-year decrease in transaction volume.

In the nearby towns around Toronto, the average price for detached houses in Richmond Hill showed a slight year-on-year decrease of 1%, while Mississauga experienced a 3% year-on-year decrease. On the other hand, Toronto, Markham, Vaughan, and Oakville saw year-on-year increases in the average price for detached houses, ranging from 4% to 5%.

In terms of transaction volume, except for Richmond Hill, which experienced a 10% year-on-year increase, other nearby towns saw varying degrees of year-on-year contraction in transaction volume for detached houses.

GTA top1% real estate agent Daisy Huang shares【GTA Detached house market update November 2023】

©Daisy Huang, GTA Top 1% Realtor, Detached House Expert

GTA Detached House Market Pulse© October 2023

In October, the average price for detached houses in the GTA increased by 6% year-on-year, while the transaction volume showed a year-on-year decrease of 6%.

In cities and towns near Toronto, the average prices for detached houses in Richmond Hill and Markham experienced a slight year-on-year decrease of 1%, while Oakville saw a larger decrease of 4%. The average prices for detached houses in Toronto, Vaughan, and Mississauga increased year-on-year by 8%, 4%, and 12%, respectively.

In terms of transaction volume, Oakville experienced the largest year-on-year decrease in transaction volume for detached houses, declining by 26%. Toronto’s transaction volume for detached houses showed a slight year-on-year decrease of 2%, while the transaction volumes for detached houses in other nearby towns all showed increases year-on-year.

GTA top1% real estate agent Daisy Huang shares【GTA Detached house market update October 2023】

GTA Top 1% Real Estate Agent, Top Detached House Realtor