AN ASTONISHING AUGUST: WHAT’S HAPPENING IN THE MARKET?
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 […]
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 ROBUST JUNE: WHAT’S HAPPENING IN THE MARKET?
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 […]
A STEADY MAY: WHAT’S HAPPENING IN THE MARKET?
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 […]
APRIL’S RECORD-BREAKING REBOUND: WHAT’S HAPPENING IN THE MARKET?
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 […]
A STRONG START TO 2021: WHAT’S HAPPENING IN THE MARKET?
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. […]
DOUBLING DOWN IN NOVEMBER: WHAT’S HAPPENING IN THE MARKET?
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 […]
A RECORD-BREAKING SEPTEMBER: WHAT IS HAPPENING IN THE MARKET?
The Toronto Real Estate Board reported 11,083 sales in September 2020- a record-breaking number of sales for the month of September. This result was up by 42.3 per cent compared to September 2019. The third quarter of 2020 broke new records within the Toronto Real Estate Market, sales through the first nine months of 2020 […]
A STRONG JULY: WHAT’S HAPPENING IN THE MARKET?
July 2020 certainly bounced back economically within Toronto’s Real Estate Market. The Toronto Real Estate Board reported 11,081 sales through TRREB’s MLS System in July 2020. This figure set a new record for the month of July and displayed a 29.5 per cent increase over July 2019. On a preliminary seasonally adjusted basis, sales increased […]
A RESILIENT JUNE: WHAT’S HAPPENING IN THE MARKET?
As our city is doing its best to adhere to the everchanging provincial rules and precautions throughout this ongoing COVID-19 pandemic, our Real Estate market is continuing to do its best to survive throughout these changes as well. There were 8,701 sales reported through the Toronto Real Estate Board’s MLS System in June 2020. These […]