Toronto Regional Real Estate Board

Residential Activity

Residential sales activity in the Greater Toronto Area slowed in the first quarter of 2023 compared to the first quarter of 2022.

Residential property sales numbered 14,778 units in the first quarter of 2023, down significantly compared to the same quarter in 2022.

Sales slowed 41.3% for single detached homes, were down 45% for semi-detached units, were down 44.9% for condominium townhouse units, and were down 42.9% for condominium apartment units compared to a year earlier in the first quarter.

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