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Your March 2023 Market Stats
Dated: April 10 2023
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
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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.