TORONTO REAL ESTATE BLOG

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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Toronto Real Estate Market Update - August 2021

Posted on Aug 12, 2021 in Market Update



Here is what the experts are saying...

“Demand for ownership housing has remained strong despite a pandemic-related lull in population growth. Of specific note is the condominium apartment market, which has seen a marked turn-around in 2021 with sales up compared to last year. First-time buyers, many of whom were slower to benefit from the initial r...

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Toronto Real Estate Market Update - July 2021

Posted on Jul 09, 2021 in Market Update



June home sales were up compared to last year, but remained below the March 2021 peak and were lower than the number of transactions reported for May 2021, consistent with the regular seasonal trend. The average selling price in June increased by double digits compared to last year as well, but the annual rate of increase moderated compared to the...

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Toronto Real Estate Market Update - June 2021

Posted on Jun 07, 2021 in Market Update



Home sales in the Greater Toronto Area were historically high in May 2021, but fell short of the 2016 record and were below this year's March peak. Despite a slight ebb in sales over the last two months, market conditions remained tight enough to push the average selling price to an all-time record in May.

There has been strong demand for ownership...

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