Real estate numbers for 2022
The Toronto Regional Real Estate Board numbers are out and it’s not as bad as many expected. Year over year, we’re still ahead by 8.63% in pricing.
The number of units sold in 2022 was down 14% from the average number of sales of 2017, 2018, 2019 and 2020. 2021 was an unusually brisk year for real estate sales.
Yes, the low inventory and sellers’ market in the Greater Toronto Area (GTA) is a reflection of high demand for housing in the area. This can make it difficult for buyers to find a property, but it is a positive sign for the overall health of the housing market in the GTA.
Average selling prices for Oakville and Brampton took quite a hit after the spring market…
The condo market in the GTA remains strong and prices are holding…
If you have any questions regarding the real estate market in the greater Toronto area, please don’t hesitate to contact me, either by the phone numbers listed below, or by email via my CONTACT page on this site. I’d be happy to discuss the changes to the market happening right now.