January 2022

As per TRREB Market Watch Report, in January 2022, number of home sales went down by 6.5% compared to December 2021.  When we look at the year over-year change in number of sales, January 2022 was down by 18.2% from January 2021.

As per TRREB Market Watch Report, in January 2022, average sales price went up by 7.3% from December 2021.  The year-over-year increase in average sales price was 28.6%.

Demand for home ownership remained very strong in January 2022.  This, coupled with short supply of new listings keeps the market conditions very tight, applying upward pressure on home prices.

Please contact me with any questions on how to interpret this data or if I can provide further insight for your specific situation.  As a REALTOR, I have access to a lot more information that I can present here.   I will do a deep-dive and extract the information you are looking for to make decisions.

Check out my summary chart for Toronto, Mississauga, and Oakville HERE.

Click HERE to see the full TRREB report.