On Thursday, the Toronto Regional Real Estate Board released December's housing numbers, showing the average price across all properties was at $1,051,216 – a decrease of about $28,000 from theAccording to the TRREB, the average price of a detached home was down 13.4 per cent year-over-year to $1,384,586, while the average cost for a condo dropped 0.9 per cent to $705,659. However, it should be noted that in the City of Toronto, the price of a condo increased by 1.4 per cent to $741,584.
TRREB also released its numbers for the entire year. Overall in 2022, there were 75,140 transactions – a steep decline from the 2021 record of 121,639. New listings were also down 8.2 per cent last year compared to 2021. In 2022, the average price of a dwelling in the GTA increased by 7.4 per cent and 11.3 per cent, respectively. The TRREB said the pace of growth has since "moderated."
Great, but 5% interest means they're just as expensive, if not more, than they were a couple of years ago
The real issue is losing your house. Bank is going to want back the price paid.
Shweeeet - now only need a million
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