Pickering market report · October 2024
Pickering housing market: October 2024
Pickering housing market in October 2024: $1,012,060 average sale price (up 7.8% year over year), 146 homes sold, 2.5 months of supply — a balanced market. Figures from the Toronto Regional Real Estate Board.
What happened in Pickering in October 2024
Pickering recorded 146 sales in October 2024, 60.4% more than the same month a year earlier. Sellers brought 306 new listings to market, leaving 389 properties in inventory — 31.0% more than a year ago. At the month's pace of sales that is 2.5 months of supply, which puts Pickering in a balanced market. 44% of the month's new listings sold.
The average sale price across all property types was $1,012,060, up 7.8% year over year and up 1.6% on the month. Detached homes averaged $1,275,106 against $595,060 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 October 2024
By property type
| Type | Average sale price | YoY | Sold | New listings | Inventory |
|---|---|---|---|---|---|
| Detached | $1,275,106 | +6.7% | 76 | 150 | 187 |
| Semi-detached | $914,125 | +6.4% | 8 | 12 | 18 |
| Row / townhouse | $844,680 | +2.3% | 20 | 62 | 78 |
| Apartment | $595,060 | -7.4% | 18 | 35 | 47 |
| All types | $1,012,060 | +7.8% | 146 | 306 | 389 |
Source: the Toronto Regional Real Estate Board, Pickering, October 2024.
What this means if you're buying in Pickering
Market conditions shape the negotiation; your income, debts and the stress test decide what you can actually borrow. The north end runs into rural lending rules — well and septic, limited acreage valuation, and greenbelt restrictions that can affect what a property may be used for and therefore how it appraises. In the south, the newer condo supply near the GO station raises the same maintenance-fee point as Square One: a high monthly fee reduces borrowing capacity, because lenders count a share of it against you.
Read the full Pickering area guide, compare it with the wider GTA market, or run your numbers and start an application.
Buying in Pickering?
Get a real pre-approval before you shop — it's the difference between a budget and a guess.