#trrebmarketstats are in for January.
The sellers market continues in January 2022, with lots of demand throughout the GTA and surrounding areas and extremely low inventory.
Expect demand to continue in 2022 with some buyers leaving the market when interest rates increase, but a lack of inventory will persist keeping market conditions tight.
TRREB is predicting a dip in the total number of homes sold through TRREB in 2022 with 110,000 sales and price increases of 12% putting the average price of a home to 1.2M.
Wondering how to take advantage of these market conditions or have a real estate question? Just ask.
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