Shannon Ellis - Toronto Real Estate

167 Brookside Dr Toronto, ON M4E 2M5 Ready, Set Go! Stunning Detached 2-Sty Totally Renovated In 2016-2019. Amazing Modern Home With New Electrical, (No K**b & Tube), Furnace, Cac, Spray Foam Insulation, Milton Window Coverings, New Windows, New Doors & Hardware, Pot Lights, White Oak Hardwood Flooring, Incredible Spacious Kitchen And....

The January 2022 numbers are in!

On average prices across the GTA for all home types are up almost 30% compared to January of last year(2021). The driving factor of such price growth is the limited number of homes for sale, there are 44% fewer homes for sale this year than there was last year, that's 3,256 fewer homes for sale to be exact! With the threat of interest rates moving up more and more people continue to enter the buyer pool, driving demand and driving prices.

The average price of a detached home in the month of January was over $1.7 million, semis over $1.3mil and townhomes over one million. With prices of these home types on the rise many home buyers have converted to condominium buyers. With the demand for condos strengthening, average prices have gone up almost 25% compared to January of last year. The average price of a condo in the Great Toronto Area is now almost $750,000.

If you would like any information about what's happening in your immediate neighbourhood please never hesitate to reach out to me!