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