February 2019 Market Update

5,025 home sales were reported through the Toronto Real Estate Board MLS in February 2019, down by 2.4 per cent compared to February 2018. The average selling price for all home types combined was up by 1.6 per cent over the same period. The semi-detached segment was the best performer, with average prices rising 9.9 per cent on the year and condos continue to trend as a positive driver of year-over-year price growth. A decline of 6.2 per cent for new listings from a year earlier, however, is a concerning statistic that industry analysts suggest is being driven by the OSFI mortgage rules that are keeping buyers on the sidelines.



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