Toronto Real Estate Market Update - July 2022
Posted on Jul 07, 2022 in Market Update
Higher borrowing costs continued to impact home sales in June 2022.
The average selling price remained above last year's level, but continued to trend lower on a monthly basis. The MLS® Home Price Index Composite benchmark was up by 17.9 per cent year-over-year, but also experienced a month-over-month dip compared to May. Annual price growth was dri...
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...
Toronto Real Estate Market Update - February 2022
Posted on Feb 10, 2022 in Market Update
The number of sales were down substantially compared last year’s record result, but still the January 2022 result was the...
Toronto Real Estate Market Update - December 2021
Posted on Dec 13, 2021 in Market Update
“The Government must take coordinated action to increase supply, and to work towar...
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...
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...