2021: a record-shredding year for Canadian real estate.
- January 02, 2021
- 12:14 pm
Early in the pandemic, some expected a steep decline in home sales and prices in Canada, but from May 2020, regional real estate markets began their rebound.
The spike in demand continued through, resulting in record-breaking price growth; hence 2021 consider to be the hottest year in Canadian real estate
TORONTO
Median Sales Price
| Property Type | 2020 | 2021 | Value Increased |
|---|---|---|---|
|
Single Family
|
$998,000 |
$1,275,000 |
27.80% |
|
Semi-detached |
$961,000 |
$1,060,000 |
10.3% |
|
Townhouse |
$880,000 |
$880,000 |
0.00% |
|
Condo |
$617,000 |
$638,000 |
3.40% |
New Listings
| Property Type | 2020 | 2021 | No. Increased |
|---|---|---|---|
|
Single Family
|
194 |
238 |
22.70% |
|
Semi-detached |
62 |
94 |
51.6% |
|
Townhouse |
82 |
116 |
41.50% |
|
Condo |
537 |
555 |
3.40% |
Days In Market
| Property Type | 2020 | 2021 |
|---|---|---|
|
Single Family
|
10 |
7 |
|
Semi-detached |
11 |
7 |
|
Townhouse |
15 |
7 |
|
Condo |
16 |
14 |
Kitchener
Median Sales Price
| Property Type | 2020 | 2021 | Value Increased |
|---|---|---|---|
|
Single Family
|
$640,000 |
$815,000 |
27.30% |
|
Semi-detached |
$515,000 |
$660,000 |
28.20% |
|
Townhouse |
$450,000 |
$625,000 |
38.90% |
|
Condo |
$336,000 |
$422,000 |
25.60% |
New Listings
| Property Type | 2020 | 2021 | No. Increased |
|---|---|---|---|
|
Single Family
|
2,891 |
3,126 |
8.10% |
|
Semi-detached |
316 |
424 |
34.20% |
|
Townhouse |
1,178 |
1,350 |
14.60% |
|
Condo |
657 |
752 |
14.50% |
Days In Market
| Property Type | 2020 | 2021 |
|---|---|---|
|
Single Family
|
8 |
6 |
|
Semi-detached |
7 |
6 |
|
Townhouse |
8 |
6 |
|
Condo |
16 |
8 |
WATERLOO
Median Sales Price
| Property Type | 2020 | 2021 | Value Increased |
|---|---|---|---|
|
Single Family
|
$703,000 |
$900,000 |
28.00% |
|
Semi-detached |
$507,000 |
$685,000 |
35.10% |
|
Townhouse |
$465,000 |
$609,500 |
31.10% |
|
Condo |
$391,000 |
$435,000 |
11.00% |
New Listings
| Property Type | 2020 | 2021 | No. Increased |
|---|---|---|---|
|
Single Family
|
1,332 |
1,346 |
1.10% |
|
Semi-detached |
97 |
148 |
52.60%
|
|
Townhouse |
306 |
419 |
36.90% |
|
Condo |
540 |
560 |
3.70% |
Days In Market
| Property Type | 2020 | 2021 |
|---|---|---|
|
Single Family
|
7 |
6 |
|
Semi-detached |
7 |
6 |
|
Townhouse |
8 |
7 |
|
Condo |
20 |
10 |
CAMBRIDGE
Median Sales Price
| Property Type | 2020 | 2021 | Value Increased |
|---|---|---|---|
|
Single Family
|
$620,000 |
$800,000 |
29% |
|
Semi-detached |
$478,000 |
$640,000 |
33.9% |
|
Townhouse |
$510,000 |
$669,000 |
31.2% |
|
Condo |
$350,000 |
$433,000 |
23% |
New Listings
| Property Type | 2020 | 2021 | No. Increased |
|---|---|---|---|
|
Single Family
|
1,889 |
2,121 |
12.30% |
|
Semi-detached |
214 |
270 |
26.2% |
|
Townhouse |
510 |
537 |
5.3% |
|
Condo |
175 |
171 |
-2.30% |
Days In Market
| Property Type | 2020 | 2021 |
|---|---|---|
|
Single Family
|
8 |
7 |
|
Semi-detached |
7 |
6 |
|
Townhouse |
12 |
7 |
|
Condo |
18 |
8 |
GUELPH
Median Sales Price
| Property Type | 2020 | 2021 | Value Increased |
|---|---|---|---|
|
Single Family
|
$675,000 |
$850,000 |
25.90% |
|
Semi-detached |
$565,000 |
$728,500 |
28.9% |
|
Townhouse |
$519,995 |
$659,950 |
26.90% |
|
Condo |
$395,000 |
$487,250 |
23.40% |
New Listings
| Property Type | 2020 | 2021 | No. Increased |
|---|---|---|---|
|
Single Family
|
1,578 |
1,649 |
4.50% |
|
Semi-detached |
195 |
196 |
0.5%
|
|
Townhouse |
628 |
719 |
14.50% |
|
Condo |
489 |
553 |
13.10% |
Days In Market
| Property Type | 2020 | 2021 |
|---|---|---|
|
Single Family
|
10 |
7 |
|
Semi-detached |
8 |
6 |
|
Townhouse |
11 |
6 |
|
Condo |
16 |
8 |
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