I N S I G H T S , T R E N D S , A N D M A R K E T
P E R F O R M A N C E I N Y O U R C O M M U N I T Y
A N A U T H E N T I C R E A L E S T A T E E X P E R I E N C E
CABBAGETOWN REAL ESTATE
MARKET REPORT 2024
02
04
05
07
08
11
14
16
21
22
TORONTO REAL ESTATE MARKET OVERVIEW
CABBAGETOWN MARKET OVERVIEW
CABBAGETOWN SUBSECTOR MAPS
SALES OVERVIEW
STREETS WITH THE MOST SALES
LISTINGS PER STREET
PRICE POINT ANALYSIS
2023 VS. 2024 COMPARISON
COMMUNITY SPONSORSHIPS
ABOUT US
WHAT'S
INSIDE
Q 2
Q 1
J A N U A R Y - M A R C H
Market activity started slow
due to high borrowing
costs, with stable home
prices slightly below 2023
levels and modest new
listings as sellers adopted a
wait-and-see approach.
A P R I L - J U N E
The Bank of Canada’s June
rate cut of 0.25% spurred
cautious buyer interest,
with early signs of recovery
seen in modest price and
sales increases.
A L O O K A T T H E
02
TORONTO REAL
ESTATE MARKET
IN 2024
Q 4
Q 3
O C T O B E R - D E C E M B E R
In Q4 the Toronto’s real estate
market showed resilience and
recovery. October sales surged 44.4%
year-over-year, with an average price
of $1,135,215, while November saw
modest growth in sales (up 1.9%) and
listings (up 4.4%), balancing the
market. By December, steady prices
and lower borrowing costs supported
a stabilizing market, setting the stage
for recovery in 2025.
J U L Y -
S E P T E M B E R
Two additional rate cuts
in July and September
bringing the benchmark
rate down to 4.25%
boosted buyer activity
and sales, though rising
inventory kept home
prices slightly lower.
03
The Toronto real estate market in 2024 saw
notable fluctuations, driven by economic shifts
and policy changes. Interest rate cuts have
gradually restored confidence, boosting activity
and laying the groundwork for a potential robust
recovery in 2025.
An analysis of the 2024 market performance
and projections for the year ahead.
While Toronto's real estate market in 2024
saw notable shifts driven by changing
interest rates and evolving buyer demand,
these trends have played out uniquely across
different neighbourhoods. In this report, we’ll
take a closer look at Cabbagetown, our
vibrant and historic community - examining
its real estate performance, sales activity, and
emerging trends that shaped the market this
year. From overall neighbourhood insights to
detailed subsector analysis, we’ll explore what
makes Cabbagetown stand out in Toronto’s
dynamic real estate landscape.
04
CABBAGETOWN
REAL ESTATE
MARKET OVERVIEW
There are five Heritage Conservation
Districts (HCDs) in Cabbagetown - these
are North, South, Metcalfe and
Northwest and the newest addition, the
Southwest HCD. We’ve decided to
analize prices based on these
subdivisions.
HCD: Heritage Conservation
District. Boundaries as
determined by the City of
Toronto (Heritage
Conservation Services -
Planning Department).
05
CABBAGETOWN
SUBSECTORS
CABBAGETOWN SUBSECTORS
NORTH HCD
SOUTH HCD
METCALFE HCD
SOUTHWEST HCD
NORTHWEST HCD
The District is bordered by St. James Cemetery, Wellesley
Park, Necropolis Cemetery, and Riverdale Farm to the
north and east, Carlton Street to the south, and Sackville
Street to the west, extending to Parliament Street before
looping back north.
The District is bounded by Carlton Street and
Riverdale Park to the north, Bayview Avenue to
the east, Gerrard Street to the south, and the rear
of properties along Parliament Street to the west.
The District spans from
Broadcast Lane to
Sackville Street, between
Amelia Street and Carlton
Street.
The newest HCD addition,
this district spans
Parliament to Sherbourne
Street, from Carlton to
Shuter Street.
The District spans Parliament Street to Sherbourne Street,
from Carlton Street to Wellesley Street East, excluding the
area between Bleecker and Ontario Streets.
Information courtesy of the Cabbagetown Heritage District Committee (cabbagetownhcd.ca).
06
DETACHED
SEMI-
DETACHED
ROW-HOUSES
STORE WITH
APARTMENT
NO. OF
SALES
26
27
AVERAGE
PRICE
$1,753,311
$1,666,400
$1,416,944
$1,750,000
There were a total of 60 sales for the 2024 year in
Cabbagetown, with the general average price of $1,564,229.
SALES PER STREET
Aberdeen Ave
Amelia St
Berkeley St
Bleecker St
Carlton St
Geneva Ave
Gerrard St E
Laurier St
Milan St
Nasmith Ave
Ontario St
Poulett St
Sackville St
Salisbury Ave
Seaton St
Spruce St
Sumach St
Sword St
Wellesley Ave
Wellesley St E
Winchester St
10
07
OVERVIEW
Below are the streets with the highest number
of sales, along with their average prices and
subsector locations:
01
02
04
03
FOURPLEX
DUPLEX
3 listings
0 sold
DETACHED
ROW
HOUSES
SEMI-
DETACHED
MULTIPLEX
TRIPLEX
STORE WITH
APARTMENT
OTHER
15 listings
6 sold (40%)
44 listings
27 sold (61%)
36 listings
26 sold (67%)
3 listings
0 sold
3 listings
0 sold
1 listing
0 sold
1 listing
0 sold
3 listings
1 sold (33%)
A total of 109
properties were
listed, with 60 of
them sold,
representing a
sales rate of 55%.
Here is a
breakdown of the
listing types and
their key statistics.
01
02
03
04
ONTARIO ST
WELLESLEY ST E
SPRUCE ST
SALISBURY AVE
Northwest HCD
Sales: 10
Average Price: $1,494,187
North HCD
Sales: 8
Average Price: $1,776,875
South HCD
Sales: 5
Average Price: $1,493,100
Metcalfe/North HCD
Sales: 4
Average Price: $1,615,000
08
STREETS WITH THE
MOST SALES
LISTINGS