TORONTO, ONTARIO, April 5, 2022 – “Competition between home buyers in the GTA remains very strong in most neighbourhoods and market segments. However, we did experience more balance in the first quarter of 2022 compared to last year. If this trend continues, it is possible that the pace of price growth could moderate as we move through the year,” said TRREB Chief Market Analyst Jason Mercer.  (READ MORE)

TORONTO, ONTARIO, January 27, 2022 – A summary of the Q4 2021 condo market is as follows:
• Q4 2021 condo apartment transactions amounted to a record 7,815 in the GTA – up almost 21 per cent compared to 6,462 in Q4 2020.
• On the supply side, the number of new listings entered into TRREB’s MLS® System in Q4 2021 was down almost 29 per cent to 8,758.
• With condo sales up substantially year-over-year in Q4 and new listings down substantially, standing inventory (active listings) at the end of December 2021 was down by almost two-thirds compared to the end of 2021.
• Very tight market conditions, with strong competition between buyers, resulted in an acceleration in price growth in the fourth quarter, pushing the average selling price up by 16.4 per cent to $710,087.(READ MORE)

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