As we are getting ready to wind down and enjoy time with our families and friends to celebrate the end of 2022, we would like to reflect on an eventful year that has brought on new opportunities, challenges, and milestones. Our partnerships grew stronger, and our team’s connection became richer. With our innovative collaboration among valued partners like yourselves, we can send off another successful year of launches and ongoing sales. Representing over 50 communities and 4,500 units with developments across the GTHA, we proudly sold Hamilton, Burlington, Halton, Cottage Country, and Toronto. We are very grateful for your relationship and look forward to another victorious year together.
Increase in Lease Activity MOM in November
New Listings MOM in November
Average Rent Increase YOY
Higher Resale Condo Prices Than Nov 2019
Condo Sales in Nov 2022
YOY Average Condo Rent Increase
Average Selling Price For 2022
Increase in Rent Prices Since 2020
Sales In 2022
Decrease In Q3 Real GDP
Average Condo Selling Price in December 2022
There were 75,140 sales reported in 2022 – down 38.2 percent compared to the 2021 record of 121,639. The number of new listings amounted to 152,873 – down 8.2 percent compared to 166,600 new listings in 2021.
TRREB Chief Market Analyst Jason Mercer