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January 2017 GTA Housing Report

January 2018 stats are in and GTA buyer activity has slowed dramatically. When comparing January 2017 to last month, sales dropped 22%. This should come as no surprise as the market was in a housing spike last year. January was also the weakest month of sales since 2009.

 

Fast facts:

- 4,019 homes were sold in the GTA
- $1,280,000 was the average price of a fully-detached house in Toronto
- $736,783 was the average price of a GTA home
- $543,279 was the average price of a condo in Toronto


A great report can be found on RBC's website:

http://www.rbc.com/economics/economic-reports/pdf/canadian-housing/TREB_REBGV_results_jan2018.pdf

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