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‘the numbers’ [jan 2021]
by sutton old mill

➕january 2021➕

 

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:

➕Detached  $1,581,400
➕Semi-detached  $1,204,857
➕Townhouse $814,396
➕ Condo $624,886

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