Greater Toronto real estate seen staggering growth in single-detached sales and average price, little sign of slowing despite shortage of available listings

  • Year-to-date sales in York Region rise close to 110 per cent while Peel and Central Toronto almost double over 2020 levels,

  • Nearly half of 60 TRREB districts reporting year-over-year average price increases in excess of 25 per cent

Mississauga, ON (August 16, 2021) — A steady decline in the supply of single-detached housing in the Greater Toronto Area (GTA), coupled with mortgage rates hovering well-below three per cent, hastened demand from first-time homebuyers and galvanized the city’s move-up market in the first half of 2021, according to a new Greater Toronto real…

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