February 2021 Market Report
From a real estate perspective, our year is off to an incredible start!
The current market in the GTA is extremely active. Demand is continuing to outpace supply, helping to fuel high sale prices across the region for detached homes, semi-detached homes and townhomes.
One exception is the condo market, which has declined on a year-over-year basis. This is a little misleading, however, as COVD-19 hadn’t yet shutdown the economy last February. Despite numbers still being somewhat depressed, they have improved since autumn. Overall the condo market seems to be on the road to recovery.
With the spring market fast approaching, we expect an inventory increase and continued high demand.
Take a look at the detailed numbers below. If you have any questions about the market or selling your home, get in touch – we’re here to help!
Vaughan
Toronto
Richmond Hill
Markham
Aurora
Newmarket
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Dave Elfassy, Broker
PHONE: 416.899.1199 | EMAIL: [email protected]
Sutt
on Group-Admiral Realty Inc., Brokerage
1206 Centre Street
Thornhill, ON
L4J 3M9
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