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Toronto Overtakes Vancouver As Most Expensive Real Estate Market

Author: 
Steve Huebl
Publication date:
February 7, 2022
Article Summary: 

Toronto has become the most expensive real estate market in Canada, overtaking Vancouver. The MLS Home Price Index for Toronto reached $1.26 million in January, a $52,000 rise from December, while Greater Vancouver’s benchmark price was $1.255 million. The housing crisis in Toronto hit a new level in January, and home prices across the province are seeing gains of between 25% and 50%. The housing supply remains constrained, sustaining strong competition between buyers and double-digit growth in selling prices.

Keywords: 

Toronto, Vancouver, Canada, real estate market, MLS Home Price Index.

Source Citation: 
Steve Huebl
Toronto Overtakes Vancouver As Most Expensive Real Estate Market
February 7, 2022
https://www.canadianmortgagetrends.com/2022/02/toronto-overtakes-vancouver-as-most-expensive-real-estate-market/
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