Year End 2020 numbers are in..
The average sale price on downtown Toronto condos remained lower, as expected, due to the huge inventory encountered caused by COVID and the short-term rental shutdown. The good news is that inventory is now lower than previous 2020 months and we expect this to continue through the spring market of 2021.
The average sale price of single family dwellings in the Toronto area continues to climb. This is expected to continue through 2021.
Single family dwellings:
Real estate remains a very good investment vehicle. The real estate market in Toronto has proven time and time again to produce far more steady growth and be more stable than the stock market.