December 2022 Market Stats – GTA

Greater Toronto Area Real Estate Market Proves its Resiliency in 2022, Prepares for Future Impact of Demand for Housing

2022 In Review

While the housing market in the Greater Toronto Area (GTA) experienced a shift in 2022, it also showed its resiliency in the face of rising interest rates. The average selling price last year in the GTA was $1,189,850, representing an 8.6% increase over the 2021 average of $1,095,333. The increase in average price growth is attributed to the strong start we saw in 2022. The pace of growth moderated from the spring of 2022 onwards…MORE