➕‘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. The possibility of more moderate price growth in the future could be realized if new listings continue to climb in the months to come. That said, current demand continues to exceed supply especially in some neighbourhoods, and price growth remains in the double digits vs. March 2021.
Specifically, properties in the ‘416’ area code realized gains in average selling prices for detached houses [+10%], semi-detached houses [+20%], townhouses[+16%] and condos [+17%]vs. 2021.
Looking to buy or sell a home in Toronto? Average prices in March were as follows:
➕ Condo $831,351