Demand for ownership housing remained very strong from a historic
perspective in January 2022. At the same time, listings remained in short supply, resulting in tight market conditions and very strong year-over-year price growth.
There were 5,636 sales reported through the TRREB MLS® System in January 2022 – down by 18.2 per cent
compared to 6,888 sales in January 2021. While sales were down substantially compared last year’s record
result, the January 2022 result was the second best in history for the month. This result is in line with TRREB’s
forecast for a strong sales result in 2022, but off the 2021 record.
The average selling price for all home types combined is set to climb to $1,225,000, an approximate increase of 12 per cent when compared to last year.