GTA market stats for Feb 2022 are here! February home sales were down compared to the all-time record in 2021 but represented the second-best result for the month of February in history. New listings dropped, but by a marginally lesser annual rate than sales, pointing to a modest move to a slightly more balanced market. Competition between buyers, however, remained tight enough to support double-digit price growth year-over-year.
GTA Realtors reported 9,097 sales in February 2022, representing a 16.8% decrease in the number of sales compared to February 2021. The supply of listings for low-rise home types (detached, semi-detached and townhouses) was also down year-over-year, but not by as much as sales. In the condo segment, especially in Toronto, new listings were up in comparison to February 2021.
Market Stats Quick Overview:
Total Sales: 9, 097 
16.8%New Listing: 14, 147 6.6%Avg Sold Price: $1, 334, 544 
27.7%Avg DOM: 9 days 37.5%
Source: Toronto Regional Real Estate Board https://trreb.ca/files/market-stats/market-watch/mw2202.pdf