07 Feb January 2017 GTA Housing Report
Posted at 13:45h
in Blog
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:
https://www.rbc.com/economics/economic-reports/pdf/canadian-housing/TREB_REBGV_results_jan2018.pdf