Observatory

Market pulse

TRREB Market Watch

Sold vs. original ask

98.4%

of the first asking price

MLS® · live

Resale market data from TRREB. Months of inventory = active listings ÷ monthly sales.

GTA-wide financing context

Economic backdrop

BoC rate

2.25%

Next decision

Sep 2

ODIN forecast

Hold

80% probability

Financing conditions are more likely to stay steady through the next decision, giving the market a clearer payment baseline.

Macro context for financing—not a neighbourhood price forecast.

About this data. Monthly market statistics are sourced from the Toronto Regional Real Estate Board (TRREB) Market Watch report. Metrics labelled “calculated” are derived from MLS® listing data and may differ from official board figures. Figures reflect data available. This information is deemed reliable but is not guaranteed accurate. Content is provided for general information only and does not constitute financial, investment, or real estate advice.

The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA.

Observatory Area Guide

AI Generated

The Observatory neighbourhood in Richmond Hill is a well-established community known for its convenient access to amenities and its namesake, the David Dunlap Observatory. This area offers a mix of housing options, from existing condominium developments to new single-family homes and townhouses currently in the planning or selling phases, appealing to families and those seeking suburban living with urban conveniences. Its desirable location provides residents with ample green space and a community atmosphere.

Diverse Housing Options — The neighbourhood features a wide range of residential choices, including townhouses, single-family homes, and condominiums, catering to various lifestyles and family sizes.
New Projects Underway — Currently, there are 7 projects underway or recently completed, including single-family homes by Aspen Ridge Homes and The Conservatory Group, with prices ranging from $2,717,990 to $4,233,990.
Substantial Unit Count — Across all listed projects, there are a total of 1,983 units, indicating ongoing development and growth within Observatory.
Walkability and Transit Access — Existing condominium developments like Xpression Condos on Yonge and 33 Weldrick Condos boast solid walk scores of 78/100 and 77/100 respectively, alongside transit scores in the mid-50s, highlighting accessibility within the community.