THE BATTLE BETWEEN SUPPLY VS. DEMAND CONTINUES IN NOVEMBER: WHAT’S HAPPENING IN THE MARKET?


06 Dec | Buying

New all-time highs and records were set this past month. Home sales reached a new record for the month of November and the average selling price also reached a new all-time high. New listings were down substantially compared to last year across all market segments – further highlighting the apparent supply issue within the GTA. […]

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A DEMANDING OCTOBER: WHAT’S HAPPENING IN THE MARKET?


03 Nov | Buying

Home sales in the GTA have reached the second-highest level on record for the month of October. However, the inventory of homes listed for sale did not keep up with the pace of demand. The number of new listings had dropped by approximately 33% compared to October 2020. Market conditions tightened across all major home […]

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OUR TRADITIONAL ‘FALL MARKET’ IS BACK IN FULL-SWING: WHAT’S HAPPENING IN THE MARKET?


06 Oct | Buying

As summer swiftly ended -as it does every year- September marked the transition from our slower-paced summer market to the notoriously busier fall market in the GTA. Each year, we tend to see an increase in sales, average selling price and listings after Labour Day, and September 2021 did not disappoint. Sales relative to August […]

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AN ASTONISHING AUGUST: WHAT’S HAPPENING IN THE MARKET?


07 Sep | Buying

While the market has taken its usual summer breather, TREB is reporting the 3rd best sales result on record for the month of August 2021. It is obvious that the homeowner demand has sustained and remains strong. However, the supply of new listings is down which has resulted in tighter market conditions and even more […]

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JULY’S “CALM” BEFORE THE STORM: WHAT’S HAPPENING IN THE MARKET?


05 Aug | Buying

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 […]

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A ROBUST JUNE: WHAT’S HAPPENING IN THE MARKET?


06 Jul | Buying

Home sales in June 2021 were up compared to the sales we saw this time last year, however, numbers remained below the March 2021 peak and were lower than the number of transactions reported for May 2021. The regular seasonal trend remained consistent, the average selling price in June increased by double digits compared to […]

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A STEADY MAY: WHAT’S HAPPENING IN THE MARKET?


04 Jun | Buying

The Toronto Real Estate Board specified that residential transactions in May 2021 remained steady, however, fell short of the 2016 record and remained below the peak numbers we saw in March. Despite the slight decrease in sales over the last two months, market conditions remained tight enough to drive the average selling price to an […]

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APRIL’S RECORD-BREAKING REBOUND: WHAT’S HAPPENING IN THE MARKET?


06 May | Buying

Home sales in the GTA have set a new record for April and amounted to more than quadruple that from April 2020. Last April, we experienced the first full month in our city of the COVID-19 pandemic, while challenging the regular seasonal trend, April 2021 sales actually declined compared to the sales we saw last […]

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A STRONG START TO 2021: WHAT’S HAPPENING IN THE MARKET?


10 Feb | Buying

We began 2021 in another provincial lockdown – with a stay at home order in place to try and curb the spread of COVID-19. Regardless of the lockdown in place, January 2021 home sales still managed to rise more than 50 per cent to 6,928 compared to the sales we saw in January of 2020. […]

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DOUBLING DOWN IN NOVEMBER: WHAT’S HAPPENING IN THE MARKET?


03 Dec | Buying

The record remains unbroken as the pace of home sales in the fall persists at a strong rate. 8,766 sales were reported in November by GTA Realtors through TRREB’s MLS system. The strength of year-over-year growth was predominantly apparent within the single-family home types within the GTA. Home Buyers continued to reap the benefits of […]

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