Cynthia Yan's video: Toronto Real Estate Market Update February 2023

Toronto Real Estate Market Update January 2023 - There were 3,100 home sales reported in January 2023, down by 44.60% year-over year - The average selling price for all home types was $1,038,668, a 16.40% decrease year-over-year - The number of January sales and the overall average selling price were similar to December 2022. On a year-over-year basis, both sales and prices were down evidently, due to the impact of higher borrowing costs on affordability over the last year. Breaking it down by home type, the average selling price in the GTA for • Detached homes decreased by 23% year-over-year • Semi-detached decreased by 22.30% • Townhomes decreased by 18% • Condos decreased by 8.10% For a Free Home Evaluation, hassle free buyer consultation, contact Cynthia Yan at (416) 884-1288, or visit us online at www.cynthiayan.com Website: https://cynthiayan.com/ Youtube: https://www.youtube.com/@cynthiayan Facebook: https://www.facebook.com/cynthianyc Instagram: https://www.instagram.com/cynthiayan_elite/ Linked In: https://www.linkedin.com/in/cynthia-yan-01a10b40/