Although we have been clawing our way out of a prolonged pandemic, 2020 defied all logic when it came to the developments in the housing sector across Ontario and the country as a whole. In some areas of Ontario, primarily the extremely robust GTA and surrounding areas of Hamilton and Burlington, 2020 and the first quarter of 2021 have seen gains in housing appreciation in the double digits territory.

In May 2021, the price of a single-detached home in the GTA rose by 28.4% as compared to May 2020. This dramatic year-over-year increase puts that average selling price at $1,108,453…

Jonathan Alphonso

Mortgage Agent, Web Developer, and Real Estate Investor. Together with Ronald Alphonso I run MortgageBrokerStore.com. I write about mortgage related topics.

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store