Your March 2023 Market Stats

Dated: April 10 2023

Views: 5

What happened to the market in the first quarter of 2023? 

Springtime has arrived for the housing market in the Greater Toronto Area (GTA), where sales prices are trending upward once again. The aggregate average sales price for March settled at $1,108,606, with detached homes increasing to $1,468,651 or a 9.6% rise compared to January.

Similarly, townhouses rose to $1,036,571, an increase of 6%. The interest rate environment has stabilized, and previously sidelined buyers have released their pent-up demand on the market, creating a shortage of inventory.

Read the full March 2023 report 

Blog author image

June Gill

Reliable, Relatable, Results! Hi there. Are you looking for a trusted partner to guide you through the complex world of real estate? Look no further. Whether you are a first-time homebuyer, seasoned....

Latest Blog Posts

1270 Maple Crossing Boulevard

Introducing a stunning one-bedroom condo in the heart of Burlington, located at 1270 Maple Crossing Boulevard. This condo offers a perfect balance of comfort, style, and convenience, making it an

Read More

Benefits of Living in a Multi-Generational Home

In recent years, there has been a growing trend of multi-generational living, where several generations of a family live together under the same roof. While this was the norm in many cultures for

Read More

Benefits of Living in a Bike Friendly Neighbourhood

Living in a bike-friendly neighbourhood has numerous benefits for both individuals and the community as a whole. In recent years, cities around the world have been taking steps to create more bike

Read More

Your March 2023 Market Stats

What happened to the market in the first quarter of 2023? Springtime has arrived for the housing market in the Greater Toronto Area (GTA), where sales prices are trending upward once.

Read More