Everything you need to know about Toronto housing market.

2020-2021 Market Year in Review

The first quarter of 2020 started off strong until the
pandemic hit in mid-March followed by the province-wide shutdown, which resulted in historical
low market activity. However, sales growth quickly
rebounded in the latter half of the year, which is a testament to the resilience and flexibility of the regional
economy and population. For 2020 as a whole, 95,151
sales were reported through TRREB’s MLS® System, an
increase of 8.4 per cent year over year, whereas new
listings were up only by 2.6 per cent. The disconnect
between new listings and sales accelerated the growth
of price. The overall average selling price increased by
13.5 per cent to $929,699 in 2020.

Housing market chart