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The GTA housing market continued its adjustment to higher borrowing costs, with the number of transactions down on a monthly and annual basis. There were 8,008 homes sold in April 2022 – a 41.2% decrease compared to April 2021 and a 27% decrease compared to March 2022.

On a year-over-year basis, the decline in sales was greater in the ‘905’ area code regions surrounding Toronto, particularly for detached houses. The benchmark price was up by 30.6% year-over-year in April 2022 but was down in comparison to the March level. The average selling price, at $1,254,436, was up by 15% compared to April 2021, but down compared to the average selling price of $1,300,082 in March 2022.

Read Full TRREB Market Report

Contact me with questions as to how this impacts your buying or selling decisions!

Sam Chaim⁠ - Making A Difference For You!⁠
Re/Max Realtron⁠
416-543-7252⁠
sam@samchaim.com⁠


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December 2021 stats are out!⁠
Have questions about how this may impact your home selling or buying decision?! send me a message!⁠
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November 2021 stats are out!


Click here for Markham, ON.


Click here for Vaughan, ON.


Click here for Richmond Hill, ON.


Have questions about how this may impact your home selling or buying decision?! Contact me!

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