TORONTO, ONTARIO, January 27, 2021 – Fourth quarter 2020 condominium apartment sales reported by Greater Toronto Area REALTORS® totalled 6,469 – up 20.7 per cent compared to 5,358 in Q4 2019. The number of new listings in Q4 2020 amounted to 12,298 – a 91.9 per cent increase over Q4 2019. Active listings totalling 4,294 at the end of Q4 were more than double that reported at the end of Q4 2019.
The overall GTA average condominium apartment selling price was down by 1.1 per cent year over
year in the fourth quarter to $610,044. The average selling price in Toronto, at $644,516, was down by
2.4 per cent over the same period. Year-over-year price declines were especially evident for smaller
units in the City, where investor-driven supply increases were strong.
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