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‘the numbers’ [april 2022]
by sutton old mill

➕april 2022➕

➕‘the numbers’ for April are in. The Bank of Canada’s goal of slowing consumer spending is reflected in this month’s Toronto Real Estate market statistics with transactions down vs. last month [-6%], and last year [-36%]. Consistent with historical rate tightening cycles, the recent sharp 0.5% rate hike has prompted some buyers to delay their purchase. However, despite the lower volume, market conditions remained tight enough that the average selling prices in April grew by double digits vs. last year, and it is expected that the supply/demand dynamic will remain competitive enough to support price growth vs. 2021, but the rate of increase will moderate in the coming months.

Specifically, properties in the ‘416’ area code realized gains in average selling prices for detached houses [+15%], semi-detached houses [+14%], townhouses[+15%] and condos [+13%] vs. 2021.

Looking to buy or sell a home in Toronto? Average prices in April were as follows:

Detached $1,947,975
Semi-detached $1,494,640
Townhouse $1,086,986
➕Condo $820,835

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‘the numbers’ [march 2022]

➕march 2022➕ ➕‘the numbers’ for March are in. Market conditions remain tight across all home segments however with more Sellers returning to the market vs. the preceding nine months, some Buyers may not have experienced the same level of competition on offer night....

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‘the numbers’ [february 2022]

➕february 2022➕   ➕‘the numbers’ for February are in. A small year-over-year increase in new listings [+4% vs. Feb 2021] was not enough to lessen the competition between Toronto Buyers in February. Double digit year-over-year price growth was experienced across...

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‘the numbers’ [january 2022]

➕january 2022➕   ➕‘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...

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2021 year in review [+ looking forward to 2022]

➕‘2021 was not 2020, but it was definitely not your typical year in Toronto Real Estate.  We ended last year’s report stating that “If nothing else, we’re looking forward to 2021 and we’re better prepared for any challenges that it may present!”  Yes, overall it was a...

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‘the numbers’ [december 2021]

➕december 2021➕ ➕‘the numbers’ for the last month of 2021 are are in!   While December ended with a historically strong sales result, the volume of sales was notably quieter month over month, and down -12% vs. December 2020.  New listings continued to decline and were...

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‘the numbers’ [november 2021]

➕november 2021➕  It was a record month for the average selling price for detached, semi-detached and condo Toronto market segments, and active listings continue to produce double digit declines vs. November 2020, but also for the fifth straight month. These trends...

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