The Most Resilient Areas in the GTA Through the Market Downturn - Fall 2023 Edition

It is not news that we are in a buyer’s market. The active fall market that most agents hoped for never came this year, all thanks to high bond yields which reached an all time high in October of nearly 4.5% (now down 0.5% as of writing this article)

As home buyers were on the sidelines, inventory started to build up and prices started to trend down. But some neighbourhoods faired better than others. Here are the Neighbourhoods that have been the most resilient through the Fall 2023 market downturn.

Toronto’s best performing neighbourhoods across all property types (October 2022-Oct 2023):

Dufferin Grove +41%

Humewood 40.6%

Forest Hill South +39%

High Park North +39%

Rosedale Moore Park 38.8%

South Parkdale 35.4%

Corso Italia + 28.6%

Rockcliffe Smith +22.1%

North St. James Town +15.4%

Wychwood +15%

Woodbine Corridor +14.6%

Mount Pleasant East +13.6%

Broadview North +11%

High Park Swansea +9.9%

Kensington Chinatown +9.1%

Greenwood Coxwell +8.1%

Danforth Village +5.3%

Lambton Babypoint +5.1%

Regent Park +4.6%

Leaside +4.4%

O’connor +4%

Runnymede-Bloor West Village 3.8%

Lawrence Park north +3%

Mount Pleasant West +2.9%

Palmerston little italy +2.1%

Casa Loma +1.8%

BriarHill + .5%

Toronto’s worst performing neighbourhoods across all property Types (October 2022-Oct 2023):

Forest Hill North -23.6%

Yonge-Eglinton -21.9%

Annex -21.1%

Yonge-St. Clair -16.8%

Cabbagetown-South St. James Town -16.3%

Lawrence Park South -15.1%

South Riverdale -14.8%

Beechborough-Greenbrook -14.6%

University -10.9%

Trinity-Bellwoods -9.5%

Bedford Park-Nortown -9%

Dovercourt-Wallace Emerson-Junction -7.6%

Moss Park -7.7%

Little Portugal -7%

Keelesdale-Eglinton West -7%

North Riverdale -6.4%

Playter Estates-Danforth -6.3%

Bay Street Corridor -4.7%

Junction Area -4.7%

Roncesvalles -3.5%