This is the monthly stats report on all sales and listings within the MLS system run by the Toronto real estate board. This is the definitive AUGUST 2021 sales guide.
2. 1
NEWS RELEASE
GTA HOUSING DEMAND REMAINS STRONG IN AUGUST
TORONTO, ONTARIO, September 3, 2021 – The Toronto Regional Real Estate Board (TRREB) is
reporting the third-best sales result on record for the month of August. While the market has taken its
regular summer breather, it is clear that the demand for ownership housing remains strong. At the same
time, the supply of listings is down. The result has been tighter market conditions and sustained
competition between buyers, resulting in double-digit annual increases in selling prices.
Greater Toronto Area REALTORS® reported 8,596 sales through TRREB’s MLS® System in August
2021 – down by 19.9 per cent compared to the August 2020 record of 10,738. The condominium
apartment market segment bucked the overall sales trend, with year-over-year growth in sales, continuing
a marked resurgence in 2021. The number of new listings entered into the System was down year-over-
year by 43 per cent.
“The fact that new listings were at the lowest level for the past decade is alarming. It is clear that the
supply of homes is not keeping pace with demand, and this situation will become worse once immigration
into Canada resumes. The federal parties vying for office in the upcoming federal election have all made
housing supply and affordability a focal point. Working with provincial and municipal levels of government
on solving supply-related issues is much more important to affordability than interfering with consumer
choice during the home buying and selling offer process or revisiting demand-side policies that will at
best have a short-term impact on market conditions,” said TRREB President Kevin Crigger.
The August 2021 MLS® Home Price Index Composite benchmark was up by 17.4 per cent year-over-
year. The average selling price for all homes combined was up by 12.6 per cent year-over-year to
$1,070,911. The strongest annual rates of price growth are still being experienced for low-rise home
types. However, average condominium apartment price growth is now well-above inflation as well. On a
seasonally adjusted basis, the average selling price continued to trend upward in August.
“Sales have accounted for a much higher share of new listings this year compared to last, and the story
was no different in August. There has been no relief on the supply side for home buyers, in fact,
competition between these buyers have increased. As we move toward 2022, expect market conditions
to become tighter as population growth in the GTA starts to trend back to pre-COVID levels,” said TRREB
Chief Market Analyst Jason Mercer.
“With a federal election just weeks away, we are calling on all political parties to continue focusing on
housing policies that address supply and affordability across the country. Bold action, not promises, are
needed to ensure that Canada has a stable and sustainable housing market now and in the decades to
come. This will ensure that the Greater Golden Horseshoe remains competitive on the global stage, in
terms of attracting businesses and households to the region,” said TRREB CEO John DiMichele.
3. 2
Summary of TRREB MLS® System Sales and Average Price August 1–31, 2021
2021 2020
Sales Average Price New
Listings
Sales Average Price New
Listings
City of Toronto
("416") 3,003 1,000,008 4,207 3,357 1,012,817 7,416
Rest of GTA ("905") 5,593 1,108,981 6,402 7,381 923,204 11,183
GTA 8,596 1,070,911 10,609 10,738 951,219 18,599
TRREB MLS® System Sales & Average Price by Home Type August 1–31, 2021
Sales Average Price
416 905 Total 416 905 Total
Detached 694 3,010 3,704 1,674,641 1,365,973 1,423,807
Yr./Yr. %
Change -36.6% -30.2% -31.5% 11.2% 25.6% 21.4%
Semi-Detached 228 522 750 1,214,624 951,629 1,031,580
Yr./Yr. %
Change -32.3% -27.9% -29.3% 4.1% 21.2% 13.9%
Townhouse 328 1,181 1,509 905,520 865,196 873,961
Yr./Yr. %
Change -11.8% -20.8% -19.0% 8.3% 20.2% 17.7%
Condo Apartment 1,738 806 2,544 720,832 618,997 688,568
Yr./Yr. %
Change 13.2% 7.5% 11.3% 7.1% 14.5% 9.4%
August 2021 Year-Over-Year Per Cent Change in the MLS® HPI
Composite
(All Types)
Single-Family
Detached
Single-Family
Attached
Townhouse Apartment
TRREB Total 17.37% 21.79% 20.45% 16.16% 8.09%
Halton
Region 20.75% 21.55% 22.54% 14.42% 16.16%
Peel Region 18.23% 21.45% 21.23% 15.92% 8.81%
City of
Toronto 9.26% 13.00% 11.02% 12.16% 6.24%
York Region 21.23% 23.20% 22.96% 17.64% 12.07%
Durham
Region 31.00% 31.33% 31.68% 31.46% 20.63%
Orangeville 21.43% 21.84% 23.64% 26.95% 1.44%
South Simcoe
County1
31.34% 32.38% 32.91% 20.66% 17.80%
Source: Toronto Regional Real Estate
Board
1
South Simcoe includes Adjala-Tosorontio, Bradford West Gwillimbury, Essa, Innisfil and New Tecumseth
4. 3
YTD TRREB MLS® System Sales & Average Price by Home Type August 2021
Sales Average Price
416 905 Total 416 905 Total
Detached 8,059 32,306 40,365 1,693,455 1,324,393 1,398,077
Yr./Yr. %
Change
40.1% 43.1% 42.5% 14.5% 29.4% 25.3%
Semi-Detached 2,787 5,366 8,153 1,279,674 927,840 1,048,110
Yr./Yr. %
Change
58.9% 46.3% 50.3% 8.9% 22.5% 17.4%
Townhouse 3,361 11,988 15,349 924,499 839,635 858,218
Yr./Yr. %
Change
60.6% 53.4% 54.9% 11.0% 21.1% 18.7%
Condo
Apartment
16,009 7,323 23,332 702,344 595,356 668,765
Yr./Yr. %
Change
71.4% 81.5% 74.4% 2.5% 12.8% 4.8%
Source: Toronto Regional Real Estate Board
Seasonally Adjusted TRREB MLS® Sales and Average Price1
Sales
Month-over-Month %
Chg. Average Price
Month-over-Month %
Chg.
August '20 10,587 11.7% $979,048 2.6%
September '20 10,176 -3.9% $952,220 -2.7%
October '20 9,835 -3.4% $957,134 0.5%
November '20 9,446 -4.0% $965,864 0.9%
December '20 11,297 19.6% $977,996 1.3%
January '21 11,709 3.6% $1,008,673 3.1%
February '21 12,853 9.8% $1,033,118 2.4%
March '21 12,973 0.9% $1,088,892 5.4%
April '21 10,740 -17.2% $1,050,710 -3.5%
May '21 9,835 -8.4% $1,062,529 1.1%
June '21 8,989 -8.6% $1,062,920 0.0%
July '21 8,814 -1.9% $1,074,957 1.1%
August '21 8,579 -2.7% $1,100,820 2.4%
Source: Toronto Regional Real Estate Board; CREA Seasonal Adjustment
1 Preliminary seasonal adjustment undertaken by the Canadian Real Estate Association (CREA). Removing normal seasonal variations allows
for more meaningful analysis of monthly changes and underlying trends.
Year-to-Date Summary of TRREB MLS® System Sales and Average Price August 2021
2021 2020
Sales Average
Price
New
Listings
Sales Average Price New Listings
City of Toronto
("416") 30,400 1,042,869 45,735 19,055 985,933 37,121
Rest of GTA ("905") 57,614 1,089,961 80,392 38,594 875,969 64,011
GTA 88,014 1,073,696 126,127 57,649 912,316 101,132
5. 4
FOR THE FULL REPORT CLICK HERE.
-30-
Media Inquiries:
Genevieve Grant, Public Affairs Specialist ggrant@trebnet.net 416-443-8159
The Toronto Regional Real Estate Board is Canada’s largest real estate board with more than 62,000 residential and
commercial professionals connecting people, property and communities.
6. Market Watch
Market Watch
GTA REALTORS Release August 2021 Stats
TRREB is reporting the third-best sales result on record for the month of August. While the market has taken its regular summer
breather, it is clear that the demand for ownership housing remains strong. At the same time, the supply of listings is down. The
result has been tighter market conditions and sustained competition between buyers, resulting in double-digit annual increases in
selling prices.
Greater Toronto Area REALTORS reported 8,596 sales through TRREB’s MLS System in August 2021 – down by 19.9 per cent
compared to the August 2020 record of 10,738. The condominium apartment market segment bucked the overall sales trend, with
year-over-year growth in sales, continuing a marked resurgence in 2021. The number of new listings entered into the System was
down year-over-year by 43 per cent.
“The fact that new listings were at the lowest level for the past decade is alarming. It is clear that the supply of homes is not keeping
pace with demand, and this situation will become worse once immigration into Canada resumes. The federal parties vying for office
in the upcoming federal election have all made housing supply and affordability a focal point. Working with provincial and
municipal levels of government on solving supply-related issues is much more important to affordability than interfering with
consumer choice during the home buying and selling offer process or revisiting demand-side policies that will at best have a short-
term impact on market conditions,” said TRREB President Kevin Crigger.
The August 2021 MLS Home Price Index Composite benchmark was up by 17.4 per cent year-over-year. The average selling price
for all homes combined was up by 12.6 per cent year-over-year to $1,070,911. The strongest annual rates of price growth are still
being experienced for low-rise home types. However, average condominium apartment price growth is now well-above inflation as
well. On a seasonally adjusted basis, the average selling price continued to trend upward in August.
“Sales have accounted for a much higher share of new listings this year compared to last, and the story was no different in August.
There has been no relief on the supply side for home buyers, in fact, competition between these buyers have increased. As we move
toward 2022, expect market conditions to become tighter as population growth in the GTA starts to trend back to pre-COVID
levels,” said TRREB Chief Market Analyst Jason Mercer.
®
® ®
®
7. Sales
New Listings
Active Listings
Average Price
Avg. LDOM
Avg. PDOM
10,738 8,596 -19.9%
18,599 10,609 -43.0%
16,662 8,201 -50.8%
$951,219 $1,070,911 12.6%
17 16 -5.3%
24 21 -12.5%
2020 2021 % Chg.
Year
Market Watch
AUGUST 2021
Economic Indicators
August 2021
GTA REALTORS®
RELEASE AUGUST STATS
TORONTO, ONTARIO, September 3, 2021 – TRREB is reporting the third-best sales result on record for the month of August.
While the market has taken its regular summer breather, it is clear that the demand for ownership housing remains strong. At the
same time, the supply of listings is down. The result has been tighter market conditions and sustained competition between
buyers, resulting in double-digit annual increases in selling prices.
Greater Toronto Area REALTORS® reported 8,596 sales through TRREB’s MLS® System in August 2021 – down by 19.9 per
cent compared to the August 2020 record of 10,738. The condominium apartment market segment bucked the overall sales
trend, with year-over-year growth in sales, continuing a marked resurgence in 2021. The number of new listings entered into the
System was down year-over-year by 43 per cent.
“The fact that new listings were at the lowest level for the past decade is alarming. It is clear that the supply of homes is not
keeping pace with demand, and this situation will become worse once immigration into Canada resumes. The federal parties
vying for office in the upcoming federal election have all made housing supply and affordability a focal point. Working with
provincial and municipal levels of government on solving supply-related issues is much more important to affordability than
interfering with consumer choice during the home buying and selling offer process or revisiting demand-side policies that will at
best have a short-term impact on market conditions,” said TRREB President Kevin Crigger.
The August 2021 MLS® Home Price Index Composite benchmark was up by 17.4 per cent year-over-year. The average selling
price for all homes combined was up by 12.6 per cent year-over-year to $1,070,911. The strongest annual rates of price growth
are still being experienced for low-rise home types. However, average condominium apartment price growth is now well-above
inflation as well. On a seasonally adjusted basis, the average selling price continued to trend upward in August.
“Sales have accounted for a much higher share of new listings this year compared to last, and the story was no different in
August. There has been no relief on the supply side for home buyers, in fact, competition between these buyers have increased.
As we move toward 2022, expect market conditions to become tighter as population growth in the GTA starts to trend back to
pre-COVID levels,” said TRREB Chief Market Analyst Jason Mercer.
Sources and Notes:
i - Statistics Canada, Quarter-over-quarter
growth, annualized
ii - Statistics Canada, Year-over-year
growth for the most recently reported
month
iii - Bank of Canada, Rate from most
recent Bank of Canada announcement
iv - Bank of Canada, Rates for most
recently completed month
For All TRREB Member Inquiries:
For All Media/Public Inquiries:
(416) 443-8152
(416) 443-8158
August 2020
August 2021
8,596
10,738
Detached
Semi-Detached
Townhouse
Condo Apt
694 3,010 3,704 1,674,641 1,365,973 1,423,807
228 522 750 1,214,624 951,629 1,031,580
328 1,181 1,509 905,520 865,196 873,961
1,738 806 2,544 720,832 618,997 688,568
Sales Average Price
416 905 Total 416 905 Total
Home Type
Year-Over-Year Per Cent Change
August 2020
August 2021
$1,070,911
$951,219
Detached
Semi-Detached
Townhouse
Condo Apt
-36.6% -30.2% -31.5% 11.2% 25.6% 21.4%
-32.3% -27.9% -29.3% 4.1% 21.2% 13.9%
-11.8% -20.8% -19.0% 8.3% 20.2% 17.7%
13.2% 7.5% 11.3% 7.1% 14.5% 9.4%
TRREB MLS®
Sales Activity1,7
TRREB MLS®
Average Price1,7
Sales & Average Price By Major Home Type1,7
Year-Over-Year Summary1,7
August 2021 0.25%
August 2021 2.45%
1 Year 2.79%
3 Year 3.49%
5 Year 4.79%
July 2021 3.7%
July 2021 9.8%
July 2021 11.0%
Q1 2021 5.7%
Real GDP Growth
Toronto Employment Growth
Toronto Unemployment Rate (SA)
Inflation (Yr./Yr. CPI Growth)
Bank of Canada Overnight Rate
Prime Rate
1
Market Watch, August 2021
Copyright® 2021 Toronto Regional Real Estate Board
August 2021
Mortgage Rates
2
3
1
5
5
8. Toronto Regional Real Estate Board
YEAR-TO-DATE, 2021
$0 to $99,999
$100,000 to $199,999
$200,000 to $299,999
$300,000 to $399,999
$400,000 to $499,999
$500,000 to $599,999
$600,000 to $699,999
$700,000 to $799,999
$800,000 to $899,999
$900,000 to $999,999
$1,000,000 to $1,249,999
$1,250,000 to $1,499,999
$1,500,000 to $1,749,999
$1,750,000 to $1,999,999
$2,000,000+
0 0 0 0 0 0 0 0 0 0
0 0 0 0 1 0 0 0 0 1
4 0 0 1 7 0 0 0 0 12
6 0 1 2 39 0 2 0 0 50
15 0 0 30 270 0 0 0 0 315
29 2 1 67 808 0 1 0 1 909
84 30 19 198 639 0 3 1 0 974
146 56 117 200 330 12 1 3 0 865
253 134 204 124 192 12 0 3 0 922
343 221 184 47 89 11 0 1 0 896
820 215 163 28 77 18 1 0 0 1,322
846 50 61 29 37 18 0 0 0 1,041
478 21 13 3 15 0 0 0 0 530
240 13 8 2 11 0 1 0 0 275
440 8 5 2 29 0 0 0 0 484
Detached Semi-Detached Att/Row/Twnhouse Condo Townhouse Condo Apt Link Co-Op Apt Det Condo Co-Ownership Apt Total
Name
$0 to $99,999
$100,000 to $199,999
$200,000 to $299,999
$300,000 to $399,999
$400,000 to $499,999
$500,000 to $599,999
$600,000 to $699,999
$700,000 to $799,999
$800,000 to $899,999
$900,000 to $999,999
$1,000,000 to $1,249,999
$1,250,000 to $1,499,999
$1,500,000 to $1,749,999
$1,750,000 to $1,999,999
$2,000,000+
0 0 0 0 4 0 0 0 0 4
2 0 0 0 27 0 1 0 0 30
17 0 0 4 72 0 9 0 2 104
47 1 7 24 401 0 18 1 13 512
133 7 4 264 3,186 0 10 0 9 3,613
425 55 34 869 7,377 3 11 3 9 8,786
929 360 485 1,886 5,748 29 17 23 5 9,482
1,985 646 1,534 1,988 2,671 78 4 14 1 8,921
3,315 1,634 2,208 1,120 1,574 119 4 15 2 9,991
4,325 2,149 1,674 353 850 109 4 13 0 9,477
9,132 1,949 1,570 312 727 183 3 6 0 13,882
8,203 642 516 135 306 75 5 5 0 9,887
4,543 368 148 51 142 3 1 2 0 5,258
2,488 161 47 21 80 1 3 1 0 2,802
4,818 177 71 24 167 0 0 1 0 5,258
Detached Semi-Detached Att/Row/Twnhouse Condo Townhouse Condo Apt Link Co-Op Apt Det Condo Co-Ownership Apt Total
Name
AUGUST 2021
SALES BY PRICE RANGE AND HOUSE TYPE 1,7
SALES BY PRICE RANGE AND HOUSE TYPE 1,7
Total Sales
Share of Total Sales (%)
Average Price ($)
3,704 750 776 733 2,544 71 9 8 1 8,596
43.1% 8.7% 9.0% 8.5% 29.6% 0.8% 0.1% 0.1% 0.0% 100.0%
$1,423,807 $1,031,580 $977,127 $764,742 $688,568 $1,039,011 $762,311 $799,713 $535,000 $1,070,911
40,365 8,153 8,298 7,051 23,332 600 90 84 41 88,014
45.9% 9.3% 9.4% 8.0% 26.5% 0.7% 0.1% 0.1% 0.0% 100.0%
$1,398,077 $1,048,110 $948,269 $752,242 $668,765 $990,194 $646,747 $872,611 $477,181 $1,073,696
Total Sales
Share of Total Sales (%)
Average Price ($)
33. 2009 86,980 $395,234
2010 85,860 $431,262
2011 89,110 $464,989
2012 85,488 $497,073
2013 87,047 $522,951
2014 92,776 $566,611
2015 101,214 $622,116
2016 113,040 $729,821
2017 92,340 $822,496
2018 78,017 $787,800
2019 87,747 $819,043
Year Sales Average Price
Toronto Regional Real Estate Board
January 4,546 838,087
February 7,193 910,068
March 7,943 902,798
April 2,957 820,226
May 4,594 863,563
June 8,645 931,131
July 11,033 943,594
August 10,738 951,219
September 11,033 960,613
October 10,503 968,535
November 8,728 955,889
December 7,155 932,270
January 6,888 $966,068
February 10,932 $1,044,912
March 15,629 $1,097,372
April 13,621 $1,090,544
May 11,913 $1,108,362
June 11,067 $1,089,659
July 9,368 $1,062,034
August 8,596 $1,070,911
September - -
October - -
November - -
December - -
Annual 95,068 $929,634
HISTORIC ANNUAL STATISTICS1,6,7
Year to Date 88,014 $1,073,696
NOTES
*For historic annual sales and average price data over a longer time frame go to:
http://www.torontorealestateboard.com/market_news/market_watch/historic_stats/
pdf/TREB_historic_statistics.pdf
Ajax
Aurora
Bradford West
Gwillimbury
Brampton
Brock
Burlington
C01
C02
C03
C04
C06
C07
C08
C10 C11
C12 C13
C14
C15
Caledon
Clarington
E01
E02
E03
E04
E06
E07
E08
E09
E10
E11
East Gwillimbury
Essa
Georgina
Halton Hills
Innisfil
King
Markham
Milton
Mississauga
New Tecumseth
Newmarket
Oakville
Oshawa
Pickering
Richmond
Hill
Scugog
Uxbridge
Vaughan
W02
W03
W04
W05
W06
W07
W08
W09
W10
Whitchurch-Stouffville
Adjala-Tosorontio
Orangeville
Whitby
Dufferin
Durham
Halton
Peel
Simcoe
Toronto
York
27
Market Watch, August 2021
Copyright® 2021 Toronto Regional Real Estate Board
1 - Sales, dollar volume, average sale prices and median sale prices are based on firm transactions entered into the TRREB
MLS® system between the first and last day of the month/period being reported.
2 - New listings entered into the TRREB MLS® system between the first and last day of the month/period being reported.
3 - Active listings at the end of the last day of the month/period being reported.
4 - Ratio of the average selling price to the average listing price for firm transactions entered into the TRREB MLS® system
between the first and last day of the month/period being reported.
5 - Average Listing Days on Market (Avg. LDOM) refers to the average number of days sold listings were on the market.
Average Property Days on Market (Avg. PDOM) refers to the average number of days a property was on the market before
selling irrespective of whether the property was listed more than once by the same combination of seller and brokerage during
the original listing contract period.
6 - Active listings at the end of the last day of the month/period being reported.
7 - Past monthly and year-to-date figures are revised on a monthly basis.
8 - SNLR = Sales-to-New Listings Ratio. Calculated using a 12-month moving average (sales/new listings).
9 - Mos. Inv. = Months of Inventory. Calculated using a 12-month moving average (active listings/sales).
2021 MONTHLY STATISTICS1,7
2020 MONTHLY STATISTICS1,7
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Market Stats - Quick Overview
Market Stats (/mlshome/index.php/more/market-stats)
Residential Stats
Total Residential Transactions
Year-Over-Year
-19.9
%
compared to last year
(/mlshome/index.php) Search ...
35.
Seasonally Adjusted
Average Selling Price
Year-Over-Year
-2.7
%
compared to previous month
12.6
%
compared to last year
36. Seasonally Adjusted
Total New Listings
Year-Over-Year
Sales-to-New Listings Ratio
2.4
%
compared to previous month
-43
%
compared to last year
37. Property Days on Market
Year-Over-Year
Listing Days on Market
Year-Over-Year
23
%
compared to last year
-12.5
%
compared to last year
39. Commercial Stats
All Leasing Activity (Sq.Ft.)
Year-Over-Year
Note
All Sales Activity
Year-Over-Year
92.8
%
compared to last year
-4.1
%
compared to last year
40. Note
Avg. Industrial Lease Rate (Sq.Ft.)
Year-Over-Year
Avg. Com/Ret Lease Rate (Sq.Ft.)
Year-Over-Year
19.2
%
compared to last year
14.8
%
compared to last year
41. Avg. Office Lease Rate (Sq.Ft.)
Year-Over-Year
Condominium Sales Stats
Total Condo Apartment Sales
Year-Over-Year
2.4
%
compared to last year
%
42. Average Selling Price
Year-Over-Year
Total New Listings
Year-Over-Year
155
compared to last year
10.8
%
compared to last year
64.6
%
compared to last year
43. Sales-to-New Listings Ratio
Year-Over-Year
Days on Market
Year-Over-Year
22
%
compared to last year
-31.6
%
compared to last year
44. Condominium Rental Stats
Total Apartment Rentals
Year-Over-Year
Average 1-Bdrm. Apartment Rent
Year-Over-Year
104.4
%
compared to last year
-9.4
%
compared to last year
45. Total New Listings
Year-Over-Year
In conjunction with TREB's redistricting project, historical data may be subject to revision moving forward. This could
temporarily impact per cent change comparisons to data from previous years.
-12.8
%
compared to last year