Much was unknown in the early days of the pandemic, and despite rumblings of trouble for Toronto's cutthroat housing market, it seems the condo game is hotter than ever in the city, breaking records in 2021 that would have seemed far out of reach just a year and a half ago.

Condo transactions flew through the roof this year, spiking in the third quarter with the Toronto Regional Real Estate Board (TRREB) reporting 5,279 transactions in that three-month span, a year-over-year jump of over 10.7 per cent.

Condo prices ascended at almost the same rate as sales GTA-wide, with Toronto proper seeing a slower rate of price appreciation than the surrounding region, rising 6.62 per cent from the third quarter of 2020, but a higher average price breaking the scales at over $725,000.

Continue to read on: BLOGTO