As we closed out a transitional year for the Toronto real estate market, December 2024 showcased resilience amid challenges with affordability and inventory levels. In this video, I break down the key stats and trends for property sales and average prices across the City of Toronto.

Here’s what you’ll learn in this video:

• Total property sales: 1,174 (-7.3% year-over-year)
• Average prices by property type:
  • Detached Homes: $1,624,500 (-4.2% MoM, -0.3% YoY)
  • Semi-Detached Homes: $1,302,024 (+4.3% MoM, +10.9% YoY)
  • Townhouses: $900,503 (-0.4% MoM, -18.2% YoY)
  • Condos: $719,744 (+0.9% MoM, +1.7% YoY)

Each property type behaved differently, reflecting a dynamic market landscape.

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