Reviews of Top Realtors in Toronto, Ontario | Fivewalls [2020 update]

Reviews of Top Real Estate Agents in Toronto, Ontario

About Fivewalls

Fivewalls is a trusted company with the top real estate agents from leading brokerages. We have vetted these agents and collected their reviews in one place for you.

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SothebyRemaxCentury21RoyallepageColdwellbanker

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Why you want a Top Toronto real estate agent

Estate agent
In Toronto, the top 9% of real estate agents buy and sell 10 or more homes a year compared to an average agent that sells less than 2 homes per year. Fivewalls compares real estate agents in Toronto using their reviews, transaction data and services provided to identify the top performing agents.

Ratings & Reviews of Fivewalls Agents in Toronto

4.8
8,200 + reviews
Fivewalls Agents in Toronto
4.8 Avg. rating
8 Avg. years of experience
35 Avg. number of reviews
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Average Home Prices in Toronto

What is the average price of a home in Toronto?
We’ve taken some data from the recent years to give you an idea of what is happening to real estate values in Toronto.
Average home price in Toronto (all property types)
2020 Year to Date20192018
$891,286$819,319$787,856
Home Price Growth in Toronto
2020 Year to Date2020 Year to Date2020 Year to Date
$850,000$820,000$800,000
Average sale price per month

Toronto Home Prices by Property Type

Avg. detached home prices in Toronto
Avg. condo prices in Toronto
Avg. townhome prices in Toronto

Recent Update on Toronto’s Real Estate Market

As taken from the market watch July report, Toronto Regional Real Estate Board President Lisa Patel announces that Greater Toronto Area REALTORS® reported 11,081 sales through TRREB’s MLS® System in July 2020 – a 29.5 per cent increase over July 2019 and a new record for the month of July. On a preliminary seasonally adjusted basis, sales were up by 49.5 per cent compared to June 2020. Year-over-year sales growth was driven by low-rise home types, particularly in the regions surrounding the City of Toronto. However, condominium apartment sales were also up on an annual basis, including in Toronto. Total new listings were also up strongly on a year-over-year basis by 24.7 per cent, but this annual growth rate was less than that of sales, which means market conditions tightened on average compared to July 2019. In addition, active listings at the end of July were down by 16.3 per cent.

How fast are homes selling in Toronto?

In Toronto, it takes about 15 days to sell a home on average. The time it takes to sell a home also varies by month.

Average time it takes to sell a home in Toronto (2019)

25 days

Winter
(Jan to Mar)

20 days

Spring
(Apr to Jun)

23 days

Summer
(Jul to Sept)

26 days

Fall
(Oct to Dec)

Is It A Buyer’s or Seller’s Market in Toronto?

As of August 2020, it is a seller's market but moving towards a balanced market for Toronto real estate. Using the ratio of home sales over active listings, we can analyze where the real estate market is going. It is considered to be a seller’s market when the ratio of home sales to active listings is 60% or higher and a buyer’s market when the ratio is 40% or below. A balanced market occurs when the ratio of home sales to active listings is in between 40% and 60%.

What does Toronto’s real estate market mean for first-time homebuyers?

Buying a home in Toronto remains difficult for first-time homebuyers. An average first-time buyer household earns $78,000 per year which means that they can qualify for a mortgage amount of approximately $320,000. Here’s a chart on what a first-time homebuyer would need to save for a down payment for different property types (based on average home prices):
Property TypeMinimum Down Payment Required10% Down Payment20% Down Payment
(required for uninsured mortgages)
Detached Homes$85,290$110,290$220,580
Condos$38,960$63,960$127,920
Townhomes$52,650$77,650$155,300

How Does Toronto Compare To The Rest Of the Greater Toronto Area

6th

Most expensive

4th

Fastest Selling
(based on Days on Market)
CityAverage Home PriceDays on Market
Oakville$1,222,137 23
Richmond Hill$1,204,069 20
Vaughan$1,140,446 20
Aurora$1,122,551 23
Markham$1,092,665 15
City of Toronto$1,017,320 16
Burlington$907,061 17
Mississauga$905,599 17
Halton Hills$893,960 16
Newmarket$863,366 21
Brampton$861,763 14
Milton$842,744 13
Durham Region$709,640 17
Simcoe County$705,073 27

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What people say about Fivewalls

We handpick agents from multiple brokerages based on their performance data & customer feedback

RoyallepageRemaxCentury21Kellerwilliams