Zoocasa
Sold Prices
Mortgage Calculator
Map
Market Insights
  • Blog Home
  • For Buyers
  • For Sellers
  • Real Estate News
  • Mortgage News in Canada
  • Free Guides (PDF)
  • Real Estate Infographics
Zoocasa
Home Affordability Reports

These Toronto Neighbourhoods Are Now Buyers’ Markets [INFOGRAPHIC]

Penelope Graham by Penelope Graham
February 7, 2018
in Affordability Reports, Infographics, Real Estate News
4 min read
Buyers and Sellers Markets in Toronto
Share20
Tweet
Share20
40 Shares

In the latter half of 2017, the Ontario Fair Housing Plan, coupled with new mortgage rules and rising interest rates, ushered in considerable change for the Toronto real estate market. Sales plunged by double digits while homeowners, panicked at the prospect of losing hard-won equity, listed en masse while prospective buyers stuck to the sidelines.

This surge of new inventory quickly overwhelmed slower sales activity, creating a market phenomenon that, just a year prior, would have been unfathomable in Toronto – a buyers’ market.

But while the market’s changing fortunes garnered plenty of media attention, Toronto’s newly-minted buyers’ status didn’t mean houses were suddenly a bargain – however, buyers were having an easier time, encountering fewer bidding wars and enjoying greater choice.

Fast forward to January 2018 market: A 22-per-cent year-over-year decrease in sales and a 17.4-per-cent boost in listings indicate balanced conditions in the Toronto market are sticking around.

What is a Buyers’ or Sellers’ Market?

But what determines whether a market is in buyers’, sellers’, or balanced territory? While these definitions don’t indicate how affordable a market is, they do reveal how competitive it will be to sell or purchase a home.

To gauge the level of competition in a market, analysts use what’s called the sales-to-new-listings ratio. This is a metric that can be used to measures markets of any size, from a national scale to a specific neighbourhood.

The ratio is calculated by dividing the number of sales by the number of new listings within a certain time frame in that region: for example, the number of sales and the number of new listings that came to the market in January in Toronto.

A low ratio between 0 – 40 per cent indicates fewer homes listed for sale are being purchased, and is considered a buyers’ market.

A ratio between 40 – 60 per cent indicates roughly half of all homes listed for sale are being purchased, and is considered a balanced market.

A ratio above 60 per cent means most of the homes listed for sale are being purchased, and is considered a sellers’ market.

As overall market sales and prices can fluctuate over time, monitoring the sales-to-new-listing ratio is an accurate way of determining just what is happening in a specific region, and whether demand has changed over time.

Check out the animated graphs below to see which Toronto neighbourhoods are in buyers’, balanced, or sellers’ territory by home type, and how demand has shifted over the past five years:

Buyers and Sellers Markets in Toronto by Neighbourhood

Houses (Semi + Detached)

Municipalities that went from a sellers’ market to a buyers’ market in the last year (became much easier to buy)

  • C07 (Willowdale)
  • C11 (Leaside, Thorncliffe)
  • E10 (Centennial Scarborough, West Hill)
  • W03 (Eglinton West, Rockcliffe-Smythe)

Municipalities that went from a sellers’ market to a balanced market (became slightly easier to buy)

  • C15 (Don Valley Village, Bayview Village)
  • E04 (Wexford Maryville, Dorset Park)
  • E05 (L’Amoreaux, Tam O’Shanter-Sullivan)
  • E08 (Scarborough Village)
  • W04 (Mount Dennis, Yorkdale-Glen Park)

Municipalities that went from a balanced market to a buyers’ market in the last year (became slightly easier to buy)

  • C04 (Bedford Park, Lawrence Park South)
  • C10 (Mount Pleasant East)
  • C13 (Banbury-Don Mills, Victoria Village)
  • C14 (Willowdale East)
  • E02 (The Beaches, Woodbine Corridor)

Municipalities that went from a buyers’ market to a sellers’ market (became much harder to buy)

None

Municipalities that went from a balanced market to a sellers’ market (became slightly harder to buy)

None

Municipalities that went from a buyers’ market to a balanced market (became slightly harder to buy)

  • C09 (Rosedale-Moore Park)
  • E07 (Miliken, Agincourt)

Condo Apartments

Municipalities that went from a sellers’ market to a buyers’ market in the last year (became much easier to buy)

  • E05 (L’Amoreaux, Tam O’Shanter-Sullivan)

Municipalities that went from a sellers’ market to a balanced market (became slightly easier to buy)

  • C06 (Bathurst Manor)
  • C07 (Willowdale West)
  • C13 (Banbury-Don Mills, Parkwoods-Donalda)
  • C14 (Willowdale East)
  • C15 (Don Valley Village, Bayview Village)
  • E07 (Miliken, Agincourt)
  • E10 (Centennial Scarborough, Rouge)
  • W01 (High Park-Swansea)
  • W05 (Glenfield-Jane Heights, Black Creek)
  • W08 (Etobicoke West Mall, Islington City Centre West)

Municipalities that went from a balanced market to a buyers’ market in the last year (became slightly easier to buy)

  • C03 (Oakwood-Vaughan, Forest Hill South)

Municipalities that went from a buyers’ market to a sellers’ market (became much harder to buy)

  • E01 (North Riverdale, South Riverdale)

Municipalities that went from a balanced’ market to a sellers’ market (became slightly harder to buy in)

  • E09 (Morningside, Woburn)
  • W10 (Rexdale-Kipling, West Humber-Claireville)

Municipalities that went from a buyers’ market to a balanced market (became slightly harder to buy)

  • C02 (Annex, Yonge-St. Clair)
Previous Post

January GTA Real Estate Off to a Slower Start [INFOGRAPHIC]

Next Post

All the Single Buyers: How Hard Is It to Buy GTA Real Estate on One Income? [INFOGRAPHIC]

Penelope Graham

Penelope Graham

Penelope Graham is the Managing Editor at Zoocasa, and has over a decade of experience covering real estate, mortgage, and personal finance topics. Her commentary on the housing market is frequently featured on both national and local media outlets including BNN Bloomberg, CBC, The Toronto Star, National Post, and The Huffington Post. When not keeping an eye on Toronto's hot housing market, she can be found brunching in one of the city's many vibrant neighbourhoods, travelling abroad, or in the dance studio.

Related Posts

A view of the Toronto skyline.
Canada

Detached Home Prices Soar in the Greater Toronto Area (GTA) During Q1

May 31, 2023
A row of houses.
Canada

The Bank of Canada’s Interest Rate Pause: Assessing Real Estate Prices Since Last Year’s Hikes

May 25, 2023
Toronto skyline
Condominiums

Surging Condo Prices: Toronto Region’s Q1 Growth Revealed

May 23, 2023

Blog Search

No Result
View All Result

Newsletter Sign-up

Join a community of 130,000+ subscribers. Don't miss important real estate news, market data, and buying and selling tips.

Recent Articles

A view of the Toronto skyline.

Detached Home Prices Soar in the Greater Toronto Area (GTA) During Q1

May 31, 2023
a trowel and a fork in the ground.

Canadian Gardening Tips for a Successful Spring and Summer

May 30, 2023
A cottage on the lake

Best Cottage Areas in Ontario

May 30, 2023
Skyline of Toronto

Exploring the GTA Cities with the Highest Property Taxes: An In-Depth Analysis

May 29, 2023

Featured Listings (Updated Weekly)

A small lighthouse in Nova Scotia

Luxury Real Estate in Halifax, NS: 7 Listings You Can’t Miss

May 12, 2023

Updated: 7 Houses Currently For Sale in Toronto Under $699,900

May 2, 2023
A detached house on a sunny day.

Updated: 7 Houses Under $900,000 For Sale in Mississauga

April 27, 2023
The outside of a detached home.

Updated: Cheapest Toronto Homes Currently Listed for Sale Under $1,000,000

April 26, 2023
first-time home buyer programs and rebates

Social Media

250 The Esplanade Suite 408 Toronto, ON M5A 4J5

Terms of Use | Privacy Policy | Careers | Sitemap | About Us

 

Zoocasa © 2007–2022. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.

Stay Connected

1-844-683-4663 | [email protected] 

  • Blog Home
  • For Buyers
  • For Sellers
  • Real Estate News
  • Mortgage News in Canada
  • Free Guides (PDF)
  • Real Estate Infographics
  • Real Estate News
No Result
View All Result

Zoocasa © 2007–2022. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.