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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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Richmond Hill February 2022 stats are out!⁠
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Have questions about how this may impact your home selling or buying decision?! Contact me today!
 
Sam Chaim⁠ - Making A Difference For You!
Re/Max Realtron⁠
416-543-7252⁠
sam@samchaim.com⁠
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**WATCH VIDEO**


Has the recent interest rate increase affected the market?


Are all homes selling with multiple offers?


Should I wait to sell my Home?


Should we wait to purchase a home?


The answers and so much more information is shared by RE/MAX Realtron Broker/Owner Alex Pilarski and V.P. Agent Experience, Jeremy Pilarski.


Listen to their take on the real estate market and their prediction for what’s next. Send me a message and let me share more information that will help you make the Right Move!


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


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**WATCH VIDEO**


For an overview of the current Condo market, contact me today & let me share what I know.


This may represent an amazing and opportune time for right sizing your home or for investment.


Let me show you what to expect from the market. Don’t wait for spring to bloom.


Prices will continue to rise and this may be your best chance to make your move into this growing segment while interest rates are at historic-low levels!


Send me a message and let’s make a plan today!

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Watch Video


Thinking of Selling? Word Of Advice from Thornhill Realtor Sam Chaim...Don't Wait For Spring!


Home Evaluation Form

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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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Canada wasn't hit as hard as the US during the housing crisis in 2008, yet people worry whether today's hot market will lead to a similar crash.


Economists don't think so. They see the activity as evidence of a boom -not a path to a bust. Here are a few factors that make this market unique.

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