Stability in 2022-2023: Less Bidding Wars and Moderate Price Increase

The years 2022 and 2023 brought about stability in Toronto’s real estate market. The reduced occurrence of bidding wars and moderate price increases indicate a more balanced and predictable environment for both buyers and sellers.

Conclusion

In conclusion, the analysis of median listing and sale prices from 2020 to 2023 for the adetached houses with 2 garages, provides valuable insights into the evolution of Toronto’s real estate market. While the city has experienced significant price growth, the narrowing gap between listing and sale prices suggests a more stable and buyer-friendly environment.