A TRYING OCTOBER – WHAT’S HAPPENING IN THE MARKET?
The housing market in the GTA faced some challenges in October 2023. The main issue was the lack of affordability, which made it difficult for many potential home buyers to make a purchase. Due to this and the uncertainty, the sales decreased slightly compared to the previous year’s same period. However, the selling prices continued […]
Sales Shift In September: What’s Happening In The Market?
There were 5,038 home sales for the month of September in the Greater Toronto Area (GTA), representing a decrease of 44.1% year over year. One notable difference in September was that new listings were also down compared to September of 2021, with 11,237 new listings, or a 16.7% fall. The MLS Home Price Index Composite […]
WRAPPING UP 2021: WHAT’S HAPPENING IN THE MARKET?
As 2021 came to a close, TRREBS MLS system reported a new record number of sales to end off the year. 121,712 sales were reported this year, a number that is up 7.7% from the previous high of 113,040 sales that we saw at the end of 2016, and up 28% compared to 2020. Demand […]
JULY’S “CALM” BEFORE THE STORM: WHAT’S HAPPENING IN THE MARKET?
With almost 9,400 sales reported in July 2021, the demand for ownership housing remained well above the standard for this time of year despite being lower than the record July result we saw last year. Market conditions actually tightened relative to July 2020, with sales accounting for a greater share of new listings compared to […]
A COMPELLING APRIL: WHAT’S HAPPENING IN THE MARKET?
As COVID-19 continues its effect on our everyday lives- health, employment, safety and lack of social interaction etc. COVID-19 has also proven to have an effect on the Toronto Real Estate Market as well. Once again, we would like to extend our sincerest thanks and our tremendous gratitude to all of our first responders and […]
MARCH MADNESS: WHAT’S HAPPENING IN THE MARKET? | COVID-19
There’s no doubt that COVID-19 has had an impact on the Toronto Real Estate Market after the city announced its state of emergency in mid-March 2020, but what does this impact look like overall? It is important to remember the following things before reviewing the Toronto Real Estate statistics… The COVID-19 virus is a global […]
A COMPETITIVE JUNE: WHAT’S HAPPENING IN THE MARKET?
The Toronto Real Estate Board’s new President, Michael Collins, revealed a 10.4 per cent increase in June 2019 sales statistics compared to that of June 2018 with a total of 8,860 sales through the Greater Toronto Area. The number of new listings remained stationary during the month of June and we witnessed a 5.7 per […]
MARCH’S TIGHTER CONDITIONS: WHAT’S HAPPENING IN THE MARKET
There were 7,187 home sales reported in the Greater Toronto Area (GTA) this March. The average price across housing types was $788,335. While March’s sales statistics have remained relatively flat year-over-year, the average sale price has risen. Current conditions On a year-over-year basis, March’s 2019 sales activity in the GTA has remained relatively steady reporting […]