Sutton Quantum Qupdates - February 2023
- Jared Olmsted
- Feb 16, 2023
- 1 min read
CONGRATULATIONS TO OUR
2022 AWARD WINNERS
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SQ'S JANUARY TOP 10s
Congratulations on making the Top 10 for
Sutton Quantum during the month of January!
Disclaimer: The above Top 10 information is internal data distributed to Sutton Quantum Agents only.
Please do not disclose the names of Sutton Quantum agents or their place on any Top Ten lists to outside agents, clients or on any public forum.
MARKET WATCH
AVERAGE PRICE COMPARISON
MISSISSAUGA DETACHED HOMES
 | Month to Month Comparison: January Average Price $1,379,588 vs December Average Price $1,464,493 |
|---|
MISSISSAUGA CONDO/APARTMENT
 | Month to Month Comparison:
January Average Price $626,401
vs December Average Price $612,597 |
OAKVILLE DETACHED HOMES
 | Month to Month Comparison:
January Average Price $1,788,271 vs December Average Price $1,821,049 |
OAKVILLE CONDO/APARTMENT
 | Month to Month Comparison:
January Average Price $975,833 vs December Average Price $922,750 |
MARKET WATCH OVERVIEW
TORONTO, ONTARIO, February 3, 2023 – As we moved from 2022 into 2023, the Greater Toronto Area (GTA) housing market unfolded as expected. The number of January sales and the overall average selling price were similar to December 2022. On a year-over-year basis, both sales and prices were down markedly, continuing to highlight the impact of higher borrowing costs on affordability over the last year.
“Home sales and selling prices appear to have found some support in recent months. This coupled with the Bank of Canada announcement that interest rate hikes are likely on hold for the foreseeable future will prompt some buyers to move off the sidelines in the coming months. Record population growth and tight labour market conditions will continue to support housing demand moving forward,” said Toronto Regional Real Estate Board (TRREB) President Paul Baron.
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