CHESTNUT PARK REAL ESTATE LIMITED BROKERAGE*'s blog

Real Estate Market Report | Toronto, December 2022

Prepared by: Chris Kapches, LLB, President, and CEO, Broker

JANUARY 10, 2023

The Toronto and area residential resale market limped to the end of 2022, a continuation of the pattern that became clear and established as interest rates began to rise in March of this year. As the Bank of Canada continued its punishing benchmark rate hikes, both sales and average sale prices have been decimated. Once again, no surprises in December.

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