The Crash of 2022 compared to 2017

Recently, we have seen a decline in the 2022 market, which now appears to have bottomed out.

How does it compare to 2017?

The market declined 20.28% from April to August in 2017 for all property types in the GTA according to TRREB. April $918,286 and August $732,039.

The market declined 19.51% from February to July in 2022 for all property types in the GTA according to TRREB. February $1,334,123 and July $1,073,730.

Actually, they are very, very close, with 2017 just edging 2022 out by a bit.

Brian Madigan LL.B., Broker

www.OntarioRealEstateSource.com

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