IN JANUARY/2021 GREATER TORONTO & GTR. VANCOUVER REMAINED HOT HOUSING MKTS.

According to CREA (Canadian Real Estate Association) both cities remain Canada’s most expensive housing markets. In Greater Toronto the average seasonal price of a home was $941,100. In Greater Vancouver – just over $1-million.Single family home prices rose 2.6% month-over-month and 17.4% year-over-year. Apartment prices advanced by a smaller 0.2% month-over-month and decreased 3.3% year-over-year, TD Economics said in a statement after CREA released its report. Sales activity for the month were up 35.2% from January 2020.Rentals – The median price for a two-bedroom apartment in Toronto is currently $2,340 and in Vancouver it’s $2,630, which is down 21.5% and 12% over last year.