Market Update

Toronto Real Estate Market Update - June 2022

Posted on Jun 09, 2022 in Market Update

Housing market conditions continued to evolve in response to higher borrowing costs. Similar to April results, May sales were down on a monthly and annual basis. Conversely, active listings in May were up on a month-over-month and year-over-year basis. More balanced market conditions have provided buyers with more negotiating power. As a result, wh...

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Toronto Real Estate Market Update - February 2022

Posted on Feb 10, 2022 in Market Update

Demand for housing ownership remained very strong from a historic perspective in January 2022. At the same time, listings remained in short supply, resulting in tight market conditions and very strong year-over-year price growth.

The number of sales were down substantially compared last year’s record result, but still the January 2022 result was the...

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Toronto Real Estate Market Update - December 2021

Posted on Dec 13, 2021 in Market Update

The average selling price for Toronto homes reached a new all-time high for the month of November. The amount of listings on the market was down substantially compared to last year – further highlighting the inherent supply issue across the Greater Toronto Area (GTA).

“The Government must take coordinated action to increase supply, and to work towar...

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Toronto Real Estate Market Update - November 2021

Posted on Nov 18, 2021 in Market Update

Home sales in the Greater Toronto Area (GTA) reached the second-highest level on record for the month of October. However, the inventory of homes for sale did not keep up with demand. The number of new listings was down by approximately one-third compared to October 2020. Market conditions tightened across all major home types compared to last year...

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Toronto Real Estate Market Update - October 2021

Posted on Oct 07, 2021 in Market Update

September marked the transition from the slower summer market to the busier fall market in the Greater Toronto Area (GTA). Every year, we generally see an uptick in sales, average selling price and listings after Labour Day, and September 2021 was no different. Sales increased relative to August and were also at the third-highest mark on record for...

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Toronto Real Estate Market Update - September 2021

Posted on Sep 15, 2021 in Market Update

While the market has taken its regular summer breather, it is clear that the demand for ownership housing remains strong. At the same time, the supply of listings is down. The result has been tighter market conditions and sustained competition between buyers, resulting in double-digit annual increases in selling prices.

"The fact that new listings w...

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