There's been some hype in the media about a big market upswing during February, but is that hype justified? February sales in TRREB totalled 5,604 which was 18% above last year's dismal number. However, over the last ten years, the month's average sales number was just barely under 7,000 so we have a way to go yet.

January certainly had a boost in buyer activity with 4,223 sales in the GTA (average month's sales over the past 10 years is just slightly higher at 4,651). The warmer / no snow weather probably helped too as did talk of inflation holding steady.

Well, 2023 really was a miserable year for real estate sales in Toronto and the GTA. The last year annual sales were lower was in 2001, 22 years ago.

Almost the same! That's certainly true for the November TRREB overall average sale price which came in just a few thousand dollars above the 2022 number.