Most sought-after Toronto real estate neighbourhoods in 2023 so far

​The Toronto real estate market has remained hot despite the Bank of Canada’s aggressive interest rate hikes over the past year.

In a report by Zoocasa released on Monday, it showed dollar volume for home purchases was up in 22 Toronto neighbourhoods compared to a decrease in just 12.

The report calculated dollar volume through the sum of the prices of all sold properties within the regions.

The largest dollar volume increase for a home was in the Parkwoods, Don Mills and Victoria Village neighbourhoods, where volumes climbed by 199 per cent in May compared to the same time last year, the data revealed. Whereas in Scarborough, dollar volume increased by the slowest amount at one per cent, however home sales were down to 47 compared to 54 last May, it showed.