THE TORONTO REGIONAL REAL ESTATE BOARD RELEASES FEBRUARY 2022 SALES NUMBERS

 Demand for Ownership Housing Remains Strong Throughout the G.T.A.

February home sales were down compared to the record in 2021 but represented the second-best result for the month of February in history. New listings dropped by a marginally lesser annual rate than sales, pointing to a modest move to a slightly more balanced market. However, competition between buyers remained tight enough to support double-digit price growth year-over-year.

Greater Toronto Area (GTA) REALTORS® reported 9,097 sales through the Toronto Regional Real Estate Board’s (TRREB) MLS® System in February 2022, representing a 16.8% decrease in the number of sales compared to February 2021.

The supply of listings for low-rise home types (detached, semi-detached and townhouses) was also down year-over-year, but not by as much as sales. In the condominium apartment segment, particularly in Toronto, new listings were up compared to February 2021.

For more information, refer to the full report HERE.

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