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February 2022 Toronto Real Estate Market Stats - Don't Believe the Hype. Here's Why...

Author: 
Toronto Realty Boutique
Publication date:
November 30, 2022
Article Summary: 

The blog discusses the real estate market statistics in Toronto in February 2022. The blog focuses on the detached, semi & row homes, and condo segments of the market. The author argues that the hype around the year-over-year increase of 29.53% in the average home price for detached homes is misleading because it is fueled by transactions in the luxury market. After removing these transactions, the average price of a detached home outside of the luxury market was $2,338,522. The author also discusses the year-over-year increase of 14% for detached homes and 11.29% for semi & row homes. The blog concludes with a discussion of the potential of a massive return to the downtown area and a spike in new listings for condos in February 2022.

Keywords: 

Toronto real estate, detached homes, luxury market, semi & row homes, condo, year-over-year increase.



Source Citation: 
Toronto Realty Boutique
February 2022 Toronto Real Estate Market Stats - Don't Believe the Hype. Here's Why...
November 30, 2022
https://torontorealtyboutique.com/february-2022-toronto-real-estate-market-stats/
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