The GTA market is in for a record setting February in terms of sales and price growth for both the Condo and Residential Freehold segments. See our key highlights below:

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‍Condo Market:

• The condo market is coming back into full swing as there is renewed optimism in this segment again which is great news
• Lower istings in Feb is helpful in lowering the overall supply and stimulating more demand
• Condos Sales for Feb 2021 are on pace to beat the previous year by more than 20% which     shows us the rebound back of this housing segment
• The Selling price to list price We have seen the selling price to list price for Feb in the GTA is at 102.7%
• Average price is on its way back up and is only 2.5% off from the previous year

 
‍Residential Freehold:

• These property types continue to be remain red hot and showing us that we are in an unprecedented Overheated market
• New listings are down for the first 15 days of the month which signals less available product and more price pressure
• February 2021 is on track set a new record month for sales which are on pace to beat Feb 2020 by more than 30%
• We have seen the selling price to list price for Feb in the GTA is at 108.6% - very overheated
• Average price is just under 20% over the previous year

The GTA housing market is certainly RED HOT for residential freehold properties and it is good to see the bounce back of Condos.

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If you have any questions on our report, please do not hesitate to contact us.

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