Market Update : February 2021

Real estate prices and sales continue to be on fire for February, lets take a look at the numbers

Area

tYpe

avg price

mom change

yoy change

Toronto

Detached

1684k

6.5%

13.2%

Toronto

Condos

676k

8.3%

-6.4%

Durham

All

895k

2.2%

36.3%

Halton

All

1213k

4.5%

24.5%

Peel

All

1024k

7.5%

19%

York

All

1206k

3.2%

23%

Summary is as follows

  • Condo are making a come back, based on trajectory should be YOY positive sooner than we think. Also average price up 50k from January. January may have been the bottom so to speak.
  • Detached market in Toronto still on fire, setting record highs. Toronto detached up 100k from January and up 200k from December!
  • Durham region still leads with, 36% price increase YOY while MOM has slowed down to 2.2%. Could things be cooling off in the burbs?

 

 

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