Apparently, there was one industry that thrived in 2020: the Toronto real estate market. A new report was just released by the Toronto Regional Real Estate Board and it looks like the GTA actually saw record-breaking sales last year. Not even a pandemic can get in the way of this city’s insane housing industry.
So according to the report, the average selling price in the GTA last year was $929,699. That’s up a whopping 13.5% compared to 2019. Along with that, the number of homes sold throughout the year totalled 95,151, compared to 2019’s total of 87,751. The Toronto Regional Real Estate Board says that 2020 was the third-best year on record. Who’d have thought!
Record December Home Resales And New Record In 2020 Average Selling Price
— Toronto Regional Real Estate Board (@TheReal_TRREB) January 6, 2021
Of course, real estate trends weren’t entirely unscathed by the pandemic. According to the records, the market saw an extreme dip in the spring when the crisis hit. It was later in the year, in the summer and fall, that 2020 sales more than made up for lost time.
So there you have it! If you’d like to read the full report, you can do so right here. Let us know in the comments if you contributed to Toronto’s record-breaking real estate year.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