Toronto West market report · October 2024
Toronto West housing market: October 2024
Toronto West housing market in October 2024: $1,061,935 average sale price (up 3.2% year over year), 698 homes sold, 3.3 months of supply — a balanced market. Figures from the Toronto Regional Real Estate Board.
What happened in Toronto West in October 2024
Toronto West recorded 698 sales in October 2024, 40.2% more than the same month a year earlier. Sellers brought 1,543 new listings to market, leaving 2,335 properties in inventory — 23.9% more than a year ago. At the month's pace of sales that is 3.3 months of supply, which puts Toronto West in a balanced market. 42% of the month's new listings sold.
The average sale price across all property types was $1,061,935, up 3.2% year over year and up 2.3% on the month. Detached homes averaged $1,435,612 against $662,713 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 | $1,435,612 | -0.2% | 273 | 537 | 720 |
| Semi-detached | $1,148,271 | +6.3% | 99 | 159 | 186 |
| Row / townhouse | $1,163,403 | +5.6% | 32 | 46 | 51 |
| Apartment | $662,713 | -0.5% | 254 | 643 | 1,120 |
| All types | $1,061,935 | +3.2% | 698 | 1,543 | 2,335 |
Source: the Toronto Regional Real Estate Board, Toronto West, October 2024.
What this means if you're buying in Toronto West
Market conditions shape the negotiation; your income, debts and the stress test decide what you can actually borrow. Two things come up constantly here. On the older housing stock, insurers and lenders care about knob-and-tube wiring, aluminum branch wiring and galvanized plumbing — an appraisal that flags any of them can hold up financing, and it is much cheaper to find out during the condition period. On the Etobicoke bungalows, if you intend to add a suite, decide before you write the offer whether you are counting on that rental income to qualify: lenders differ substantially on using projected rent from a suite that does not exist yet, and some will not.
Read the full Toronto West area guide, compare it with the wider GTA market, or run your numbers and start an application.
Buying in Toronto West?
Get a real pre-approval before you shop — it's the difference between a budget and a guess.