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February 2022 Market Report

This month’s data showed an overall year-over-year decrease in the number of units sold, a decrease in new listings, and a large increase in average sale price. The price of residential units sold continued to rise, now sitting at $963,554 which is a 36% rise compared to last year. This evidences that, the supply of homes still cannot keep pace with the demand right now.

Active residential listings numbered 135 units on the market at the end of February, a huge drop of 65% from the end of February 2021.

As prices rise and the theme of low inventory continues, now is the time to take advantage of the market and achieve maximum price for your property. As more interest rate hikes loom on the horizon now is a great time to sell your property.

Trust your local experts to guide you through the process and take advantage of the current market.

All data correct as of March 10, 2022, data gathered by the Ontario Collective based on February 2021 vs February 2022.

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