December Market Report

In 2021, we had a record 121,712 in sales throughout the GTA, up nearly 8% from the previous 2016 high of 113,040 and up 28% compared to last year.

In the 416 specifically this last month, we saw a small decrease from December of last year (from 2713 to 2395), however, the sale to list price ratio was 106%, meaning demand is still incredibly strong despite the level of supply with an average sale price of $1,023,029.$1,023,029

“Despite continuing waves of COVID-19, demand for ownership housing sustained a record pace in 2021. Growth in many sectors of the economy supported job creation, especially in positions supporting above-average earnings. Added to this was the fact that borrowing costs remained extremely low. These factors supported not only a continuation in demand for ground-oriented homes, but also a resurgence in the condo segment as well,” said TRREB President Kevin Crigger. We'll have to wait and see what next year holds, but with people moving back to the city we can only assume that demand will stay steady!