GTA REALTORS® RELEASE JANUARY STATS
Demand for housing ownership remained very strong in January 2022. Listings remained in short supply, resulting in tight market conditions and very strong year-over-year price growth.
Looking Forward, TRREB’s outlook for 2022 is as follows. Total home sales reported through MLS in the GTA will reach 110,000, representing a dip from 2021, but still a strong result in comparison to previous years. The average selling price for all home types combined is expected to climb to $1,225,000, an approximate increase of 12% when compared to last year.
Market Stats Quick Overview:
Total Sales: 5, 636 
18.2%New Listing: 7, 979 15.5%Avg Sold Price: $1,242,793
28.6%Avg DOM: 13 days 44.4%
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Source: Toronto Regional Real Estate Board https://trreb.ca/files/market-stats/market-watch/mw2201.pdf