January 2022 Market Stats

REAL January Market Review

ESTATE

January 2022

Source: Toronto Regional Real Estate Board, Market Watch, January 2022

GTA AREA

Detached

Semi-Detached

Townhouse

Condo Apt

Year-Over-Year Percent Change

Sales

Average Price

416

905

416

905

576

1,763

1,886,413

1,702,143

-7.6%

-20.8%

19.2%

144

301

1,471,535

-11.1%

-11.7%

22.1%

203

6884

1,080,284

-21.6%

-20.0%

32.6%

35.5%

760,643

720,532

21.7%

31.6%

1,447 -17.0%

607 -20.9%

30.4%

1,236,081 37.3%

1,083,801

THE CONTINUATION OF TIGHT MARKET CONDITIONS RESULTED IN A 33.3 PERCENT ANNUAL INCREASE IN THE MLS® HOME PRICE INDEX COMPOSITE BENCHMARK. SIMILARLY, THE AVERAGE SELLING PRICE WAS UP BY 28.6 PER CENT YEAR-OVER-YEAR TO $1,242,793.

LOOKING FORWARD, TRREB'S OUTLOOK FOR 2022 IS AS FOLLOWS: TOTAL HOME SALES REPORTED THROUGH TRREB’S MLS® SYSTEM IN THE GTA WILL REACH 110,000, REPRESENTING A DIP FROM 2021, BUT STILL A STRONG RESULT IN COMPARISON TO PREVIOUS YEARS; AND THE AVERAGE SELLING PRICE FOR ALL HOME TYPES COMBINED IS SET TO CLIMB TO $1,225,000, AN APPROXIMATE INCREASE OF 12 PER CENT WHEN COMPARED TO LAST YEAR.

January 2022

Source: Toronto Regional Real Estate Board, Market Watch, January, 2022

Detached

Semi-Detached

Townhouse

Condo Apt

Year-Over-Year Percent Change

DURHAM REGION Sales

Listings

Average Price

Days on Market

393

583

$1,325,708

9

-5%

34.1%

-7%

32

34

$999,122

-24%

-42%

94

124

$1,037,536

12%

-10%

37%

46

69

$604,964

7%

44%

32%

34%

-36%

6 0.0%

8 14%

7 -67%

January 2022

Source: Toronto Regional Real Estate Board, Market Watch, January 2022

Detached

Semi-Detached

Townhouse

Condo Apt

Year-Over-Year Percent Change

TORONTO Sales

Listings

Average Price

Days on Market

476

795

$1,886,413

15

-3%

19%

144

200

$1,471,535

-11%

-10%

22%

-9%

52

76

$1,450,940

-20%

-18%

32%

1,409

1,770

$760,643

-18%

22%

-17%

-38%

9 -50%

20 0.0%

20 -43%

January 2022

Source: Toronto Regional Real Estate Board, Market Watch, January 2022

Detached

Semi-Detached

Townhouse

Condo Apt

Year-Over-Year Percent Change

MISSISSAUGA Average Price

Sales

Listings

146

203

-18%

-29%

45

66

-32%

-32%

12

17

-40%

-43%

27%

228

281

$696,704

-4%

32%

-11%

$1,964,077 32%

$1,254,006 33%

$1,212,399

Days on Market 14 -30%

4 -60%

4 -64%

12 -66%

January 2022

Source: Toronto Regional Real Estate Board, Market Watch, January 2022

Detached

Semi-Detached

Townhouse

Condo Apt

Year-Over-Year Percent Change

OAKVILLE Sales

Listings

79

122

-44%

7 75%

30

-38%

11 38%

40

-38%

-44%

29

40

-28%

-13%

Average Price $2,498,268 32%

$1,433,857 21%

$1,443,170 43%

$839,321 41%

Days on Market 13 -38%

5 67%

7 -58%

17 -50%

January 2022

Source: Toronto Regional Real Estate Board, Market Watch, January 2022

Detached

Semi-Detached

Townhouse

Condo Apt

Year-Over-Year Percent Change

BURLINGTON Sales

Listings

74

101

Average Price $1,827,440

-9%

-9%

7

9

-13%

-10%

6

8

0.0%

-43%

38%

42

41

$796,661

-31%

52%

-9%

32%

$1,266,000 47%

$1,233,167

Days on Market 12 -29%

5 0.0%

4 -33%

15 -50%

January 2022

Source: Toronto Regional Real Estate Board, Market Watch, January 2022

Detached

Semi-Detached

Townhouse

Condo Apt

Year-Over-Year Percent Change

MILTON Average Price

Sales

Listings

51

76

-28%

-16%

13

17

0.0%

-6%

42

64

45%

8%

36%

15

17

$709,333

-21%

-19%

29%

$1,563,365 27%

$1,298,312 37%

$1,155,505

Days on Market 7 -53%

5 -55%

5 67%

13 -38%

January 2022

Source: Toronto Regional Real Estate Board, Market Watch, January 2022

Detached

Semi-Detached

Townhouse

Condo Apt

Year-Over-Year Percent Change

VAUGHAN Sales

Listings

107

170

-28%

-21%

Average Price $2,131,873 27%

8

13

-65%

-68%

33

50

-34%

-33%

34%

77

122

$763,843

-10%

24%

-17%

$1,403,125 31%

$1,373,366

Days on Market 17 -32%

12 33%

11 -15%

17 -23%