I find it interesting that you are measuring Price/Room. I have never seen this before. Where does it originate from?

Also, you say that the average price of a detached home in Toronto is $1,639,734. This sounds really high. Is it being skewed by a few mansions? Also, in this section, the document shows 547 "active listings" but 622 "new listings". Shouldn't active listings be higher than new listings?

Thanks for your interest everyone.

@Matthew Slutsky Waterfront homes are properties that have words like waterfront, lakeview etc. in the description; and yes they are being double counted as condos.

@Marco DiFoti

1- The final figure comes from us however the source is the feed we get from TREB. What we did here basically was to take prices of homes and divided them by the number of rooms each home has. Rooms include, bedroom, libraries, etc. 

2- There aren't many detached homes in Toronto and hence they number is being skewed by a few multi million dollar mansions as you mentioned. There is one mansion for example that's over $25 million.

Also please note that these are asking prices and not sold prices.

3- New listings are all the homes that were listed during the month. Active listings are those who remain on sale when we run the report at the end of the month (hence new listings > active listings in the report as some homes have been sold)


hope this helps.  

Why does RealNet say that the average price for a detached home is closer to $800,000?

Not sure what definition RealNet uses for their reports. Please note that our data is about active listings at the time we run the report. 

How was the price per square foot for resale condos calculated. It's tough to get the exact source as to some of these units