Toronto Real Estate Market Out For 2021 | Is it Going To Be Sellers or Buyers Market?

Ishtiaq Ahmed Realtor | Century21 Innovative Realty Inc. | www.iwillsell.ca
Growing demand, low supply and rising prices are expected to impact activity and prices in 2021.

The Toronto housing market is expected to be in seller’s favour in 2021, characterized by a persistent supply shortage and rising prices. Low inventory has been a common trend across many Ontario housing markets in 2020, putting upward pressure on prices. Indeed, the Toronto housing market saw average price rise to $918,883 in 2020 (Jan. 1-Oct. 31) compared to $819,832 in 2019 (Jan. 1-Dec. 31).

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