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?