➕‘the numbers’ for the first month of 2022 are in. The Toronto Real Estate trends from late 2021 remain unchanged in January - the market has strong demand and short supply. The tight market conditions continues to drive year-over-year price growth.
Of particular note, active listings were down -46% vs. January 2021 to 1,918 .
All home-type segments recorded double-digit growth rates in the ‘416’ area code with increases in average selling prices for detached houses [+19%], semi-detached houses [+22%], townhouses[+33%] and condos [+22%]vs. 2021.
Looking to buy or sell a home in Toronto? Average prices in January were as follows:
➕ Detached $1,886,413
➕ Semi-detached $1,471,535
➕ Townhouse $1,080,284
➕ Condo $760,643
Of particular note, active listings were down -46% vs. January 2021 to 1,918 .
All home-type segments recorded double-digit growth rates in the ‘416’ area code with increases in average selling prices for detached houses [+19%], semi-detached houses [+22%], townhouses[+33%] and condos [+22%]vs. 2021.
Looking to buy or sell a home in Toronto? Average prices in January were as follows:
➕ Detached $1,886,413
➕ Semi-detached $1,471,535
➕ Townhouse $1,080,284
➕ Condo $760,643
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