TRREB market statistics reported 121,712 sales through MLS System in 2021, setting a new record since 2016 high. Meanwhile, 2021 also peaked at the average selling price with $1,095,475 - up by 18% from the short-lived 2020 record. In the past December, a total of 6,031 sales was reported in the GTA, down 16% year-over-year. The number of new listings of the month was 5,174, 12% below the number in December 2020. In December, the average selling price for all home types combined was up by 24% year-over-year to $1,157,849. High demand and low supply was the theme of the GTA real estate market in 2021, resulting in two waves of furious price growth. Increasing the inventory is the only sustainable way to improve housing affordability. Please feel free to contact me if you need any further information. Please feel free to contact me if you need any further information. #baystreetgroup #Torontorealestate #gtarealestate #gtahome #torontohome #property #torontorealty #torontorealestatemarket #condos #october2021 #propertyinvestment #investmentproperty #realestateinvesting #bestroi #returnoninvestment #realestateinvestor #centraltoronto #realestatemarketing #realestatetrends #condosforsale #realestatedeveloper #realestateinvesting #realestatelife #realestatesales https://www.instagram.com/p/CYb2YS9rTuC/?utm_medium=tumblr