GTA Real Estate Market Stats, January 2021

February 8, 2021


• January 2021 home sales amounted to 6,928 – up by more than 50 per cent
compared to January 2020. This strong start to 2021 included sales growth across
all major segments including condominium apartments, both in the City of Toronto
and surrounding GTA regions.
• New listings were also up on a year-over-year basis in January, but not by the
same annual rate as sales. This means market conditions tightened compared to
January 2020, resulting in the continuation of double-digit growth in the MLS®
Home Price Index and the average selling price.
• The average selling price for January 2021 was up by 15.5 per cent to $967,885
year-over-year. The MLS® HPI Composite Benchmark was up by 11.9 per cent
over the same period.
• Price growth was driven by the low-rise market segments, while the average condo
apartment price was down in Toronto. However, if we continue to see condo sales
growth outstrip condo listings growth, we could start to see renewed growth in
condo prices later this year

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