Toronto Housing Market Statistics

Tight market conditions prevailed throughout the GTA and broader Greater Golden Horseshoe in 2021, with a lack of inventory noted across all home types. The result was intense competition between buyers, pushing selling prices up by double digits year-over-year. Looking forward, the only sustainable way to moderate price growth will be to bring on more supply. History has shown that demand-side policies, such as additional taxation on principal residences, foreign buyers, and small-scale investors, have not been sustainable long-term solutions to housing affordability or supply constraints,” according to the Toronto Regional Real Estate Board 

One sales trend that stood out in 2021 compared to 2020 was the resurgence in demand for homes within the City of Toronto. Overall sales in the “416” area code were up by a substantially greater annual rate (+36.8 per cent) compared to sales growth for the surrounding Greater Toronto Area (GTA) suburbs combined (+23.6 per cent). The marked recovery in the condominium apartment segment was a key driver of this trend.

House prices in Scarborough, house prices in Pickering, house prices in Ajax and home prices in Whiby were all affected, with marked increases in the Durham region as well as Toronto.

Consumers continue to see Toronto as a good investment in Real Estate as shown by the equity increases of Toronto Homes, Toronto Condos, Toronto Townhomes and Toronto Condos over the past 5 years (second chart) 

This chart shows the price change for December vs. 2020 illustrating clearly the low inventory (Sales) 


Mortgage Rate News

I work with several mortgage lenders, who are all very experienced & knowledgeable.   Looks like rates are on the rise, but variable rates are still the best option right now according to my sources.   It's likely that we will see some rate increases this year, so if you're planning on buying now is a good time to talk to a mortgage professional.  

Here are some good websites:   Simon LeFave, The Mortgage Centre  Sandra Barnes, Dominion Lending

Pro tips for Buyers in a Competitive Market

If you're planning to buy a home in Toronto, home in Scarborough, home in Pickering or home in Whitby this year, here are some tips to survive a competitive market:

  • Property prices are increasing faster than anyone can possibly save - The table below shows the equity you could build over 5 years in the Toronto market.  If this is your goal, getting in the market is everything.  Creative financing options like buying a property with family, family gifting down payment monies or partnering with friends to purchase are all options in this competitive market.   
  • Being flexible with your wish list & area will help you achieve your Real Estate goals.   After all, properties in Toronto are often what we call ‘stepping stones’ – used to build equity to eventually get your dream home! 
  • Consider a "bully' or 'pre-emptive' offer; this is an offer that's so irresistible to the seller that they are willing to sell to you and forgo other buyers
  • Work with an experienced Toronto real estate agent with lots of negotiation training that can create a strong offer strategy for you
  • Do your homework, comparison shop with sold house prices, not listing house prices
  • Loop in your mortgage broker, discuss your offer beforehand with them to make sure they are on board
  • Do your due diligence (like home inspections or review of status certificate document) before you bid so you can remove as many conditions as possible
  • have your deposit ready with your offer & get it into the hands of the sellers that day to give them confidence in your offer
  • review your closing costs & tax credits before hand, like the home buyers plan to save as much money as you can

Pro tips for Sellers in a Sellers Market

If you're planning to sell a home and the market is a strong sellers market, if your home is for sale in Scarborough, for sale in Pickering, for sale in Whitby or for sale in Toronto, here are my pro tips:

  • Follow the market for pricing.  Even in a strong sellers market, an overpriced home lingers for weeks without selling.  By working with your agent to develop a pricing strategy that's been proven time and time again you will get better results.  Otherwise, buyers will see you as not serious or just testing the market and will pass you by
  • Prepare your home for market.  Do those repairs, painting, and touch ups now.  Buyers are paying big bucks and prefer move-in ready homes whenever possible.  
  • Understand the condition of your home - do a pre-listing home inspection unless you are selling 'as is' to to budget for repairs 

Recent Blog Posts

Explore this incredible opportunity in the heart of Markham's housing market! This centrally located 4-bedroom Markham home is now for sale!  It sits on a deep private lot with an expansive backyard – perfect for family living. Recently renovated with brand-new flooring and a fresh coat of paint throughout, this residence boasts an inviting eat-in kitchen equipped with stainless steel appliances. The spacious bedrooms and separate side entrance offer versatility and comfort. Enjoy the bright, airy atmosphere thanks to ample natural light streaming through the large windows in the generous basement, ideal for relaxation and gatherings. Situated on a serene, low-traffic street, this home epitomizes convenience. 

It's a short walk to schools, parks, public transit, Centennial GO station, Markville Mall, and the vibrant shopping district along Highway 7.  You can even walk to grocery stores! This is great for commuters – an almost unheard of walking proximity to everything you need that’s rarely found outside the city core. Don't miss this opportunity to make this fantastic home in one of Markham's prime locations yours!


A disturbing trend I've come across recently is the fraud in the rental space.   As an agent who handles a fair share of rentals; these issues have shown up over several ways this year.   I'll tell you about 3 instances I've had and the red flags that appeared with each! 

When I'm representing a landlord and an application comes in, I spend a lot of time going through an applicants documentation and getting references and looking through their background.  Here's what I do:

  • Call their employer by finding the employer's website and calling through their office to confirm employment.  I don't just call the supervisor on the application
  • Look carefully at the documents to see if they are real; company letterhead & credit reports can be faked or bought
  • Check social media & linked in
  • Call past landlords
  • Make sure there is a building at the address they're currently renting
  • Check that the landlords name and property owners names match.   If it's an apartment building call through the property management company if it's an apartment rather than calling the number provided.
  • Look at the credit report for signs of altering

With those things in mind, let's look at 3 things that have happened to me this year!

1.  Student rental Scam - fake rental and landlord

First of all, you should never have to pay to submit a rental application, or be asked for a deposit before you get a chance to see the place.   These scams are generally ads on sites like Kijijii and Facebook for rentals that look too good to be true.  They also steal MLS listings for homes and advertise them at lower rates.  I came across one recently through a family friend desperate for some student housing.  It was a big scam; and when I called them out they 'protested too much'.    Here's how to spot these scammers:

  • They demand payment to submit a rental application
  • They demand a deposit before you see the unit
  • Makes excuses why they are not available to speak to on the phone 
  • Will only communicate through messenger, text or email
  • The advertised price is way lower than other rentals
  • Their Facebook profile was just created
  • Their Facebook name does not match their user name ID (see the URL) 

2. Fake Rental Applications   

There are some very good forged documents out there.  I had some people submit an application on a lease I was advertising and here's what I found during the checks, among the other checks I did as above :

  • Inconsistencies in addresses on the application
  • Employment letter does not look real - no header or footer with information on the company letterhead

3. Forged Tenacy Papers

I had a call from a gal who had a great story, good employment, good credit, moving to Toronto from outside the city for work, can't come in to look for a place so needed virtual showings.  Could I help her find a place.  Sounds great right?  

Now I don't usually check tenants out before I help them (and I'd helped out a client with an out of town move this year already in a similar situation)  But with everything going on right now, I felt it couldn't hurt to see what her references would say.   So she sent in her application & 

then came the paperwork - the address of her job didn't match up with her story.  The company had never heard of her or her supervisor.  There was even no property listed at the home she had put for her address!  Other red flags for scammers include what she did:

  • get overly upset when called out 
  • provide complicated excuses for 'mistakes' on application forms
  • call the fact checker a liar, unprofessional, etc.

So be careful out there folks! 


A big thank you to the communities of Guildwood, West Rouge & Port Union for the terrific support last Saturday for my Community Shredding Event.  About 30 families participated - and their generous food donations filled our Jeep to the brim!   The food donations were taken straight to Feed Scarborough - the Scarborough Food Security initiative and will be distributed to local satellite food banks in the area.   Judging from the huge line up outside the Manse Rd. food bank Saturday, it's much needed. 

Chartwell Guildwood was my partner for this event and provided the venue and great snacks.  Thank you Kelly & Dianne for your wonderful support.  As always, Papersavers was gracious, friendly, professional and helpful!  

One interesting sideline - My husband, myself, Dianne and Alex from papersavers all grew up within the same area!   Such a big city/small world!