The real estate market in early 2022 is defying expectations, as demand for properties in the Greater Toronto Area (GTA) reaches unprecedented levels. In what is typically considered a quieter period following the winter holidays, the market has been described as "off the hook" by Nasma Ali, founder and broker of Re/Max Hallmark Realty's One Group.


With soaring resale prices and limited supply, buyers are turning to pre-construction homes and assignments as a last resort. This trend, coupled with new condo launches, a tight resale market, potential interest rate hikes, and low unsold inventory, has created a perfect storm, prompting a surge of activity in the early 2022 new home market.

In this extraordinary market environment, buyers are navigating a landscape driven by limited supply, rising prices, and changing regulations. The early 2022 surge in the GTA pre-construction market reflects a confluence of factors, compelling buyers to take action swiftly and seize the opportunities available.