Toronto East market report · November 2024
Toronto East housing market: November 2024
Toronto East housing market in November 2024: $999,535 average sale price (up 2.9% year over year), 551 homes sold, 2.5 months of supply — a balanced market. Figures from the Toronto Regional Real Estate Board.
What happened in Toronto East in November 2024
Toronto East recorded 551 sales in November 2024, 32.8% more than the same month a year earlier. Sellers brought 959 new listings to market, leaving 1,552 properties in inventory — 33.9% more than a year ago. At the month's pace of sales that is 2.5 months of supply, which puts Toronto East in a balanced market. 47% of the month's new listings sold.
The average sale price across all property types was $999,535, up 2.9% year over year and down 4.7% on the month. Detached homes averaged $1,218,833 against $638,453 for condo apartments — the gap that decides which side of the $1.5 million insured-financing cap a purchase here falls on.
The two years to November 2024
By property type
| Type | Average sale price | YoY | Sold | New listings | Inventory |
|---|---|---|---|---|---|
| Detached | $1,218,833 | +2.5% | 253 | 395 | 540 |
| Semi-detached | $1,162,066 | +4.1% | 72 | 103 | 116 |
| Row / townhouse | $996,952 | +1.0% | 29 | 52 | 61 |
| Apartment | $638,453 | +4.5% | 149 | 328 | 647 |
| All types | $999,535 | +2.9% | 551 | 959 | 1,552 |
Source: the Toronto Regional Real Estate Board, Toronto East, November 2024.
What this means if you're buying in Toronto East
Market conditions shape the negotiation; your income, debts and the stress test decide what you can actually borrow. If a property has an existing basement apartment, the single most valuable question to ask before you write is whether it is legal and registered — because lenders differ enormously on unregistered suites, and the ones that will use the income at all will often use less of it. Beyond that, how a lender applies the rent matters as much as how much they use: adding it to your income is far less powerful than subtracting it from the payment, and not every lender offers the second approach. On an east-end purchase with a suite, that single choice can swing your approval by a very large amount.
Read the full Toronto East area guide, compare it with the wider GTA market, or run your numbers and start an application.
Buying in Toronto East?
Get a real pre-approval before you shop — it's the difference between a budget and a guess.