Toronto Home Prices

The picture below shows average prices of a house in Greater Toronto area versus homes sales from 1992 through 2013. Notice how sales growth was closely following price growth from 1998 to 2008. After the financial crisis home sales in Toronto briefly recovered but the sales growth plateaued thereafter. At the same time home prices grew more than ever.

The chart below shows the median price by market segments: detached, semi, townhouse and condominium. The chart is for Greater Toronto Area.

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Toronto House Prices in 2012 and 2011

City of Toronto Average and Median Prices - 2012
Average - $538,053
Median - $425,000

GTA Average and Median Prices for 2011 according to TREB:



Historic City of Toronto House Prices (average)

1995	$215,176
1996	$210,166
1997	$227,948
1998	$233,863
1999	$247,771
2000	$266,899
2001	$273,500
2002	$301,921
2003	$318,029
2004	$341,070
2005	$361,057
2006	$378,775
2007	$412,480
2008	$410,270
2009	$427,354
2010	$468,246
2011	$501,971
2012	$538,053

Source: Calculated from Toronto Real Estate Board archive

Toronto Average House Prices Charts

Note: 

By house or home I mean any sort of housing units, be it detached house or condo or townhouse.

All data and charts are based on TREB Data. Slight errors in the data presented above possible.