GTA Real Estate Market Starts the New Year the Same as It Ended Last Year

As we moved from 2022 into 2023, the Greater Toronto Area (GTA) housing market unfolded

February 3, 2023

As we moved from 2022 into 2023, the Greater Toronto Area (GTA) housing market unfolded as expected. The number of January sales and the overall average selling price were similar to December 2022. On a year-over-year basis, both sales and prices were down markedly, continuing to highlight the impact of higher borrowing costs on affordability over the last year.