01/29/2022
GTA home prices still forecast to rise 11 per cent in 2022
Real Estate Prices expected to rise in 2022 especially in the Greater Toronto Area where it expects the cost of the average property to go up by double-digits once again.
The aggregate price of a home in the Greater Toronto Area increased by 17.3 per cent in 2021 to $1,119,800 as demand continued to outpace supply.
It is forecasting that in 2022 prices in the GTA will rise by another 11 per cent, with the aggregate home price reaching $1,243,000 by the fourth quarter.
