Springtime Brings Positive Outlook for Greater Toronto Area Housing Market as Prices Trend Upward

/ 04.5.2023
GTA Market Activity – March 2023

Springtime has arrived for the housing market in the Greater Toronto Area (GTA), where sales prices are trending upward once again.  The aggregate average sales price for March settled at $1,108,606, with detached homes increasing to $1,468,651 or a 9.6% rise compared to January. Similarly, townhouses rose to $1,036,571, an increase of 6%. The interest rate environment has stabilized, and previously sidelined buyers have released their pent-up demand on the market, creating a shortage of inventory.

Download our Comprehensive Market Update Brochure – Here