End of April 2022 numbers are in..
Just as expected, the ‘spring’ market was crazy right out of the gate. January and February were incredible, with some areas seeing price increases of $200-300,000 on a single family dwelling! Things started slowing down in March and the slowdown continued in April, accompanied by the Bank of Canada’s historical .50% increase in the overnight rate.
Inventory continues to be a problem in the GTA, easing slight in April with more listings:
Overall, real estate continues to be a very good long term investment for the GTA: