Real Estate Minute with Steve
Monday, Jan 10, 2022
Welcome back and good morning quick update on the market
Current inventory all across the GTA and Toronto sums ups to a total of 3500 units the lowest Ive sent in my 11 years in real estate with a total of 331 sales happening between Dec 27 to Jan 3.
As were predicting based on the amount of inventory and the strong demand and no blips in the market that can affect purchasing and selling we will be in one of the most berserk markets of our time.
Properties increased 30% in value year over year with the average detached at 1.5m, Semi-detached 1.2m and surprising a condos average price is $715,104 and an interesting fact that the average price of a condo today is the same average price of a single detached in 2014.
Keep buying and holding folks