2021 was an unprecedented year in the residential real estate market and house prices climbed significantly throughout the GTA. TREB reported a 24.2% increase in prices year over year across the GTA.
In this neighbourhood last year, there were 40 detached homes that sold on MLS with an average selling price of $2,766,273.
The 2022 residential real estate market has started off with a bang! January listings were at historically low levels and demand was at an all time high. The Bank of Canada did not raise interest rates on January 26th, which will add fuel to the already flaming fire. It looks like 2022 will be another year of soaring prices and tight market conditions. Hopefully, more listings will make their way to the market to absorb the number of buyers looking to move into our fantastic neighbourhood! If you have any questions, feel free to contact me anytime!
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