Toronto Regional Real Estate Board

Market Conditions


Single detached

Months of inventory for single detached homes numbered 0.5 at the end of the fourth quarter of 2021, down slightly from the 0.9 months recorded at the end of the fourth quarter of 2020. This was the lowest level of months of inventory ever recorded in any quarter.

The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.

With a tighter market, homes spent less time on the market in the fourth quarter of 2021 than they had a year earlier.

The median number of days on market for single detached homes was 8 in the fourth quarter of 2021, down slightly from 12 days in the fourth quarter of 2020. This was the lowest median number of days on market for single detached homes ever recorded in a fourth quarter.


Semi-detached

Months of inventory for semi-detached units numbered 0.2 at the end of the fourth quarter of 2021, down slightly from the 0.4 months recorded at the end of the fourth quarter of 2020. This was the lowest level of months of inventory ever recorded in any quarter.

The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.

With a tighter market, semi-detached units spent less time on the market in the fourth quarter of 2021 than they had a year earlier.

The median number of days on market for semi-detached units was 7 in the fourth quarter of 2021, down slightly from 9 days in the fourth quarter of 2020. This was the lowest median number of days on market for semi-detached homes ever recorded in a fourth quarter.



Condominium townhouse

Months of inventory for condominium townhouse units numbered 0.4 at the end of the fourth quarter of 2021, down slightly from the 0.6 months recorded at the end of the fourth quarter of 2020. This was the lowest level of months of inventory ever recorded in any quarter.

The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.

With a tighter market, condominium townhouse units spent less time on the market in the fourth quarter of 2021 than they had a year earlier.

The median number of days on market for condominium townhouse units was 8 in the fourth quarter of 2021, down from 16 days in the fourth quarter of 2020. This was the lowest level of median number of days on market for condominium townhouse units ever recorded in any quarter.


Condominium apartment

Months of inventory for condominium apartment units numbered 0.7 at the end of the fourth quarter of 2021, down from the 2 months recorded at the end of the fourth quarter of 2020. This was the lowest level of months of inventory ever recorded in a fourth quarter.

The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.

With a tighter market, condominium apartment units spent less time on the market in the fourth quarter of 2021 than they had a year earlier.

The median number of days on market for condominium apartment units was 14 in the fourth quarter of 2021, down from 23 days in the fourth quarter of 2020. This was the lowest median number of days on market for apartment units ever recorded in a fourth quarter.