Condo Market Report

TRREB Releases 2022 Q4 Condo Market Statistics Selling prices for condominium apartments bucked the overall downward trend in the housing market during the fourth quarter of 2022. The average selling price in Q4 2022 stayed in line with the average in Q4 2021.

"While condo market conditions have become more balanced over the past year, there has been enough demand relative to supply to support selling prices. On average, the condo market segment is the most affordable. Therefore, it makes sense that we didn9t see the same type of price adjustment, in the face of higher borrowing costs, compared to other more expensive segments like detached homes," said Toronto Regional Real Estate Board (TRREB) President Paul Baron.

Total condo apartment sales amounted to 3,582 in Q4 2022 3 down 54.1 per cent compared to Q4 2021. New listings were also down on a year-over-year basis by 14.3 per cent. The average Q4 2022 selling price was $710,520, which was slightly higher than the Q4 2021 average of $710,246. Looking at individual Greater Toronto Area (GTA) regions, a similar trend played itself out, with average selling prices remaining flat compared to last year.

"Condo apartments remain an important segment of the market. They are the key entry point for many first-time buyers. Investor-owned condos are also an important source of rental supply in many parts of the GTA. As immigration into Canada continues at a record pace for the foreseeable future, the GTA will welcome many new households. This should see the demand for condos, in both the ownership and rental markets, strengthen moving forward," said TRREB Chief Market Analyst Jason Mercer.

Datasets available for download

Additional Info

Field Value
Last Updated August 21, 2024, 02:19 (UTC)
Created April 4, 2023, 03:00 (UTC)
Domain / Topic
Domain or topic of the dataset being cataloged.
Housing
Format (CSV, XLS, TXT, PDF, etc)
File format of the dataset.
.pdf - application/pdf
Dataset Size
Dataset size in megabytes.
Metadata Identifier
Metadata identifier – can be used as the unique identifier for catalogue entry
Published Date
Published date of the dataset.
2023-01-31
Time Period Data Span (start date)
Start date of the data in the dataset.
Time Period Data Span (end date)
End date of time data in the dataset.
GeoSpatial Area Data Span
A spatial region or named place the dataset covers.
Ontario
Field Value
Access category
Type of access granted for the dataset (open, closed, service, etc).
Limits on use
Limits on use of data.
Location
Location of the dataset.
https://trreb.ca/index.php/market-news/condo-market-report
Data Service
Data service for accessing a dataset.
Owner
Owner of the dataset.
Contact Point
Who to contact regarding access?
TRREB
Publisher
Publisher of the dataset.
Publisher Email
Email of the publisher.
Author
Author of the dataset.
TRREB
Accessed At
Date the data and metadata was accessed.
2023-04-03
Field Value
Identifier
Unique identifier for the dataset.
Language
Language(s) of the dataset
English
Link to dataset description
A URL to an external document describing the dataset.
https://trreb.ca/index.php/market-news/condo-market-report
Persistent Identifier
Data is identified by a persistent identifier.
N/A
Globally Unique Identifier
Data is identified by a persistent and globally unique identifier.
N/A
Contains data about individuals
Does the data hold data about individuals?
No
Contains data about identifiable individuals
Does the data hold identifiable data about individual?
No
Contains Indigenous Data
Does the data hold data about Indigenous communities?
N/A
Field Value
Source
Source of the dataset.
https://trreb.ca/index.php/market-news/condo-market-report
Version notes
Version notes about the dataset.
Is version of another dataset
Link to dataset that it is a version of.
Other versions
Link to datasets that are versions of it.
Provenance Text
Provenance Text of the data.
Provenance URL
Provenance URL of the data.
Temporal resolution
Describes how granular the date/time data in the dataset is.
Quarterly
GeoSpatial resolution in meters
Describes how granular (in meters) geospatial data is in the dataset.
GeoSpatial resolution (in regions)
Describes how granular (in regions) geospatial data is in the dataset.
City
Field Value
Indigenous Community Permission
Who holds the Indigenous Community Permission. Who to contact regarding access to a dataset that has data about Indigenous communities.
Community Permission
Community permission (who gave permission).
The Indigenous communities the dataset is about
Indigenous communities from which data is derived.
Field Value
Number of data rows
If tabular dataset, total number of rows.
Number of data columns
If tabular dataset, total number of unique columns.
Number of data cells
If tabular dataset, total number of cells with data.
Number of data relations
If RDF dataset, total number of triples.
Number of entities
If RDF dataset, total number of entities.
Number of data properties
If RDF dataset, total number of unique properties used by the triples.
Data quality
Describes the quality of the data in the dataset.
Metric for data quality
A metric used to measure the quality of the data, such as missing values or invalid formats.

0 Comments

Please login or register to comment.