New Listings and Sales Numbers Down. A Move Toward a Slightly More Balanced Market.
- Sales reported in February 2022 were down 16.8% compared for February 2021.
- February home sales were down, but showed the 2nd best results for the month of February in TRREB history.
- New listings for condominium apartments, particularly in Toronto were up compared to February 2021.
- "We have seen a slight balancing in the market so far this year, with sales dipping more than new listings. However, because inventory remains exceptionally low, it will take some time fir the pace of price growth to slow" - TRREB Chief Market Analyst Jason Mercer
Want more details? Check out TRREB's Full Report
February 2022 vs. February 2021
February 2022 vs. January 2022
Click here to see Toronto Real Estate Board's Full Report
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