We all know that the weather in Toronto since the New Year has been pleasantly warm with above seasonal temperatures and then downright freezing!

With a balmy plus 9 degrees on January 8th, to the wind adjusted minus 25 on January 20th, It’s been a month of adjusting wardrobes and dreams of vacations in warm, climates for some.

What hasn’t been cooling off it seems is house prices throughout the city. Removing condos from the equation, and only looking at detached, semi-detached and townhouses, average prices seem to be on the rise.

As of January 25, 2019, sales posted through the Toronto Real Estate Board it looks like prices are up 5% on average when compared to that of last year at the same time.

Metrics such as days on market and sales-to-list price are fairly even except once you get above the $2.3 million dollar point. Average prices are up but when you factor in the highest sale of $11,250.000 which outpaced the next sale by far, this will certainly make the averages look better.

Also in the higher end market there is a big drop in sale-to-list ratio and days on market have almost doubled.

In another two weeks we will get the official report but it looks like 2019 is off to a warm start, and one I wish would apply to warmer temperatures as well!