Posted On Jan 17, 2023

At the start of 2022, The Toronto Regional Real Estate Board predicted that sales would increase 12% leaving us with an average sale price of $1,225,000.

We finished the year almost 10% below the average sale price in December 2021…what will they predict this year? (CREA has predicted a 5.9% drop across Canada)

Is it a big deal that the average selling price in the GTA dropped by 10% Year over Year?

Did anyone mention the average price of $1,051,216 in December 2022 was 12% higher than the average price in December 2020?

How about the fact that the average price in December 2021 was 24% higher than December 2020?

 

It’s all about perspective…remember that the headlines rarely tell the whole story.

 
Danny Bell, AMP
Mortgage Broker | Lic.#M13001996
Direct: 289-200-9061 | Office: 905-426-4200
The Mortgage Centre 
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