Since the early days of the coronavirus pandemic, all corners of the GTA real estate markets have benefited from households leaving Toronto’s downtown core, in favour of greener, cheaper pastures within a short drive to North America’s fourth-largest city. The York Region real estate market, from Markham to Richmond Hill to Vaughan, has seen prospective and first-time homebuyers flocking to destinations like these, just outside the urban core. This has prompted plenty of new trends in the region over the last two years. Will this lead to even more price acceleration?
Whatever the case may be, York Region kicked into high gear in 2020, sizzled in 2021, and could maintain its strength in 2022.
GTA Real Estate: A Look at the Booming York Region Housing Market
What does booming York Region look like these days? Here are the four specific factors contributing to the rise of this GTA real estate market.
Shrinking Supply, Surging Demand
Inventory levels have…