On April 28, 2022, the provincial government announced details of the 2022 Ontario Budget. The proposed budget makes housing issues a priority. Housing affordability challenges are top-of-mind for Ontarians as we head into the upcoming provincial election campaign.
Thank you to my clients for another successful year – Award winning Realtor 2021
On April 7, 2022, the federal government announced the details of its 2022 budget. Housing affordability is a major consideration of this budget and, as such, the federal government is proposing to take numerous actions targeted at housing and the real estate sector. A summary of key items is provided below.
There were almost 11,000 Greater Toronto Area (GTA) home sales reported in March 2022, capping off the third-best March and second-best first quarter on record. Tight market conditions continued to support a double-digit annual pace of price growth, with an average selling price of $1.3 million. The average selling price dipped slightly month-over-month, bucking the regular seasonal trend.