A monthly by-the-numbers look at the Toronto real-estate market.
26: Percentage sales-to-listings ratio for the city’s condos. Also called “absorption rate,” the term refers to the number of properties listed versus the number of properties that actually sold. A percentage of around 25 means there’s a lot of inventory to choose from. “The downtown condo market is now a buyer’s market for the first time in over three years,” blogged realtor Andrew la Fleur.
25: Percentage of Toronto houses that sold for prices above asking in June, a drop from 31 per cent in April.
21: Average number of days a Toronto home was on the market in June.
$1,033,500: Average price for a semi-detached home in Rosedale.
$536,886: Average price for a detached home in Mimico, New Toronto, and Long Branch.
$169,300: Average condo price in the very farthest eastern reaches of Scarborough.
1,519: Number of sales in Toronto Central, the hottest selling area last month.
4: Number of rezoning applications made so far this year in Ward 19 (Trinity-Spadina). All are condos, including the controversial 109Oz property proposed for Ossington and Dundas. The others are: the Origami Lofts at Bathurst and Queen, a 13-storey condo to replace the Dufflet Bakery factory on Dovercourt, and two towers to be built above heritage buildings on Niagara Street.
