TORONTO REAL ESTATE BLOG

Toronto Real Estate Market Update - October 2022

Posted on Oct 05, 2022 in Market Update



The Greater Toronto Area (GTA) housing market continued its adjustment to higher borrowing costs in September 2022. 

"We must ensure that the temporary dip in housing demand is not allowed to mask the critical shortage of homes available for sale in the GTA. Candidates running in the upcoming Ontario municipal elections must ensure home buyers and re...

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Toronto Real Estate Market Update - September 2022

Posted on Sep 06, 2022 in Market Update



Sales represented a higher share of new listings compared to the previous three months. If this trend continues, it could indicate some support for selling prices in the months ahead. 

"While higher borrowing costs have impacted home purchase decisions, existing homeowners nearing mortgage renewal are also facing higher costs. There is room for the f...

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Toronto Real Estate Market Update - August 2022

Posted on Aug 10, 2022 in Market Update



Market conditions remained much more balanced in July 2022 compared to a year earlier. As buyers continued to benefit from more choice, the annual rate of price growth has moderated. Less expensive home types, including condo apartments, experienced stronger rates of price growth as more buyers turned to these segments to help mitigate the impact o...

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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...

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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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