Toronto Real Estate had a strong start to 2021 with sustained growth in key #torontorealestate market indicators vs 2020. Of particular note, new listings were up +35% vs. January 2020 and sales continue to be up +67%.
Annual single-family growth rates remained robust in the ‘416’ area code with increases in average selling prices for detached houses [+15%], semi-detached houses [+20%] and townhouses[+4%] vs. 2020.
Growth in condo listings outstripped growth in sales. This increased choice for condo buyers has led to more bargaining power and a year-over-year dip in average condo selling prices compared to January 2020 in the ‘416’ [-8%].
Looking to buy or sell a home in Toronto? Average prices in January were as follows:
➕ Condo $624,886