January 2022 Market Watch

#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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