GTA Real Estate Market January 2021 TRREB Report

GTA Real Estate Market January 2021 Summary

Highlights include:

  • There were 6,928 home sales in which is up by more than 50%  as compared to January 2020. This strong start to 2021 included sales growth across condominium apartments and across the GTA.
  • New listings were not as high, 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% to $967,885 year-over-year.
  • Price growth was driven by the low-rise market segments. However, sales trends suggest that we could see renewed growth in condo prices later this year.

Find other interesting trends and projections in our recent blog on on the GTA Real Estate Market Outlook for 2021.

Read Full TRREB Market Watch January 2021 Market Watch Report

View TRREB Housing Market Charts October 2020

Sales & Average Home Price by Major Home Type: 416 vs. 905 Areas of the GTA

GTA Area Map

SALES & AVERAGE PRICE BY MAJOR HOME TYPE
January 2021
Sales Average Price
416 905 Total 416 905 Total
Detached 522 2,244  2,766  1,581,400  1,308,393  1,359,915
Semi-detached 162  344  506 1,204,857  898,810 996,794
Townhouse 259 865 1,124 814,396 800,339 803,578
Condo Apt 1,703 768 2,471 624,886 547,488 600,830

Average Prices by Home Type – January 2021

Detached Home Average Price by City –  January 2021
Detached  Semi-Detached Condo Towns Condo Apartment
Burlington $1,379,247 $860,325 $699,615 $523,361
Milton $1,231,692 $948,731 $678,278 $549,421
Oakville $1,891,326 $1,184,700 $753,834 $594,084
Brampton $1,168,068 $881,492 $612,866 $478,770
Mississauga $1,484,987 $942,642 $716,924 $529,653
Toronto $1,581,400 $1,204,857 $719,724 $624,886

View TRREB January 2021 Market Watch for Prices for other Cities.

Search For Sales Listings in Mississauga & Other Parts of the GTA.

Source: TRREB January 2021 Market Watch


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