20 Jan December 2021 Market Stats
December marked the end of a strong seller’s market year in the Greater Toronto Area, with demand consistently outstripping supply. We reached historic records in the GTA for the number of sold homes and average sold prices. A total of 121,712 sales were reported this year, the highest on record. We reached an all-time high average selling price of $1,095,475. In December, the number of transactions in the GTA was 6,031, a 15.7% decrease compared to the record of 7,154 set in December 2020. The average selling price was $1,157,849 in December 2021. This is a 24.2% year-over-year increase. New listings were down by 11.9% year-over-year.
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The benchmark price for detached homes increased by 28.8% year-over-year to $1,598,735
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The benchmark price for semi-detached homes increased by 25.6% to $1,181,046
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The benchmark price for townhouse homes increased by 29.4% to $994,690, and
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The benchmark price for condos increased by 18.5% year-over-year to $711,933