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 […]
HOW TO KEEP YOUR PIPES FROM FREEZING THIS WINTER
A burst pipe can cause major damage to your house and belongings and certainly not something you want happening during the holidays! This is a relatively common occurrence during the winter, so understanding how and why it occurs can help you avoid a problem. Let us help! Why Pipes Burst If the water inside pipes […]
THE BATTLE BETWEEN SUPPLY VS. DEMAND CONTINUES IN NOVEMBER: WHAT’S HAPPENING IN THE MARKET?
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. […]
A DEMANDING OCTOBER: WHAT’S HAPPENING IN THE MARKET?
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 […]
FALL PAINT COLOUR GUIDE
A paint refresh is the easiest way to transform a space without committing to a complete design overhaul. If you’re craving a deeper, more decadent atmosphere, adorning your room with fall hues will create a luxe, seasonal space. Whether you want a deep pecan hue, a rich, burgundy colour, or the gleaming colour of golden […]
OUR TRADITIONAL ‘FALL MARKET’ IS BACK IN FULL-SWING: WHAT’S HAPPENING IN THE MARKET?
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 […]
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 […]