Interest rate changes and how it effects borrowers

Some highlights of February realestate activity:

•  Residential transactions -16.8%
  • February 2021 – 10,929
  • February 2022 – 9,097
• Average Selling Price +27.7%
  • February 2021 – $1,044,957
  • February 2022 – $1,334,544
• New Listings -6.6%
  • February 2021 – 15,146
  • February 2022 – 14,147
• Property Days on the Market -42.1%
  • February 2021 – 19 days
  • February 2022 – 11 days

Following is the February sales activity in Greater Toronto Area’s major cities: Click to expand

Toronto East

York