January 2022 Toronto Real Estate Numbers: What They Really Mean

The January 2022 Toronto real estate numbers have been released and they show a continued increase in the average price for detached homes and semi/row homes year-over-year. However, the three-month trend indicates a much more reasonable pace of price increases. The downward trend in new listings over the past three months could be a reason for this increase in prices. The semi-detached and row home market is seen as a stable segment, which can be trusted for both stability and growth. The Toronto condo market also continues to remain stable with no significant seasonal changes. It is suggested that if buyers are thinking about selling their home and buying a new one, they should buy first with a long close to take advantage of the current market conditions.