In Canada, it used to be very difficult to find sold data for a real estate listing. It was against the law for any brokerage or agent to publish information about a home that had been sold, including how much was paid for it. To learn more about a home’s sold value, you used to have to work with a real estate agent or the government.
Luckily, things have changed and it’s now simple and easy to find out how much a house sold for in Toronto, and we’re going to show you how.
So whether you’re a buyer who wants to know how much homes cost in a certain Toronto neighborhood or you’re trying to figure out how much to list your home for, this is the guide for you.
What Is Sold Data?
Sold data is crucial information for both home buyers and sellers, so no matter what your goal you need to know how to access this important data.
Sold data, also known as real estate sale prices, is pretty much exactly what it sounds like. It’s information about the exact amount a home in Toronto was listed for and ultimately sold for. In the real estate market, houses are often bought and sold for more or less than the listed price, so publicly available data about listing prices can be misleading.
Sold data is useful for people who are interested in both buying and selling real estate. It can help buyers know how to price their offer on a home, and it lets sellers know what a reasonable listing price for their property is.
3 Easy Ways To Find Out How Much a House Sold For in Toronto
Do Some Google Research
If you don’t need the data for a specific house, you can check out listing prices in the Toronto neighborhoods that you’re interested in. Make sure to narrow your search to homes that are similar to yours. Somethings to consider are:
- Square footage
- Number of bedrooms
- Number of baths
- Date home was built
- Overall condition of the house
- Any upgrades or additions
When you find homes that have similar stats to yours, you will find a general price range of homes in your neighborhood.
However, this is not always an ideal solution. Sometimes homes are sold for more or less than the listing price, so you could end up with unreliable data. And if you’re interested in knowing how much a specific home in Toronto sold for, you often won’t be able to get that number by a simple Google search.
But that’s ok, because the other tips and techniques on this list can help you answer those questions.
Talk to An Agent or Broker
If being computer savvy isn’t one of your many skills, talking to a real estate agent or broker in Toronto is a surefire way to get the information you need. Even before Canada’s real estate laws changed, agents and brokers could access information like price details of recent sales through a Multiple Listing Service (MLS) database.
If you’re already working with a real estate agent, this is an easy and reliable way to find out how much a home sold for in Toronto. Your agent should be able to tell you the sold data for a house, as well as estimate how much that home (or a comparable one) would sell for in today’s market. They will probably also know how much other homes in the area have sold for recently.
Use An Online Database
If you need to know how much a specific house sold for in Toronto and you’re not interested in talking to a real estate agent, there’s one other way to find sold data for Ontario homes: using a free online database like SoldHistory.ca comes in.
In the US and UK, there are websites like Zillow and Realtor.com that can tell you sold data in a snap. However, in Canada the rules are a little different. Before 2018, the Toronto Real Estate Board (TREB) refused to share this data with the public. They were taken to court by the Competition Bureau and the Supreme Court dismissed the case in August 2018. Since then, sold data is now free and easy to access online in Canada!
Ever since 2018, provinces and territories across Canada have been slowly but steadily releasing this information and making it available on the internet. However, TREB still requires that this information remain on password protected sites.
That’s where SoldHistory.ca comes in. We make it easy for Canadians to create a free account that lets them access sold data for Toronto homes and real estate. Here’s how to start the process.
How To Find Toronto Real Estate Sold Data with SoldHistory.ca
Make An Account
To be able to access sold data in Canada, you need to make an account on a password protected site like SoldHistory.ca. To make an account, you simply need to provide the following information:
- Your name
- Your email address
- Your phone number
- Your status as a buyer, seller, or renter.
And that’s it!
Verify Your Account
Before you can start looking up how much a house sold for in Toronto, you need to verify your email address. Simply log on to the email account that you provided when signing up and look out for an email from SoldHistory.ca with a 6 digit pin.
Then head back to SoldHistory.ca, enter the pin, and you’re in!
Now that you have your free account, you can access sold data for millions of listings in Toronto and across Ontario.
You can filter your search by:
- Type of property
- School district
- Postal code
Once you find the listing you’re looking for, the page will show how much the house was listed for and how much it actually sold for. It will also include info like the amount of beds and baths, annual property taxes, and dimensions.
Making Sold Prices For Toronto Real Estate Accessible
Here at SoldHistory.ca, we’re proud to make sold data more accessible for Torontonians. We designed our online database to be simple and empowering for both buyers and sellers in Toronto.
Need help buying or selling a home in Toronto? We’re happy to help. Contact us now for more information!