Langstaff Gateway Condos floor plan. House prices in Toronto, Canada. House prices in Toronto, Canada, have been rising since January, and prices and sales were neck-and-neck in the first half of the year.Please Visit: Langstaff Gateway Condos floor plan to Get Your VVIP Registration Today!
But sales fell sharply in June. Home prices in Toronto reached C $1120000 per unit in June 2021. According to the relevant data, the average price of houses sold in most parts of Toronto is C $1108453, sales in May surged 160 per cent compared with the same period, and listing activity increased by 7 per cent year-on-year. Sales in Toronto declined significantly from July to October, but house prices are still rising slowly.
According to the data, the average selling price of a single-family home in Toronto was C $1415698 in May, an increase of 37 per cent year-on-year. Property sales in Toronto fell 9% in August from the same period and 8.2% from July. The average price of a house in august was C $1070911, up 6% from the same period last year and slightly higher than C $1062256 in July. From the data, we can clearly feel that the housing supply in the housing market has decreased significantly, and the number of newly listed houses is limited, so there has been a decline in sales and a rise in house prices.
Toronto property prices remain high, and another main reason is a serious shortage of housing supply. Some people say that the number of houses listed in Toronto this year is the lowest in nearly a decade. If the epidemic slows down significantly, the phenomenon will become more serious. after all, overseas immigrants will pour into Canada in large numbers, and the supply of housing will be even worse. In view of this situation, some people see the advantages of investing in apartments. under the influence of housing prices, the real estate rent in Toronto is also rising, and the demand of tenants will gradually increase.