A LOOK BACK AT HOW 2020 MADE HISTORY: WHAT’S HAPPENING IN THE MARKET?
Aside from an unprecedented year as a result of the COVID-19 outbreak, including necessary public health constraints and ambiguity surrounding Toronto’s economy, 2020 proved to be the third-best result on record for the GTA recording over 95,000 home sales. The average selling price reached a new all-time-high of almost $930,000. The year 2020 led the […]
NEW MORTGAGE STRESS-TEST CHANGES 2020
Attention Toronto homebuyers! Just as the Toronto housing market began gaining its momentum due to the lack of supply in new listings which has caused some serious competition for homebuyers, the government had an important announcement to make which might heat things up a little more. The federal government has declared its adjustment of the […]
DECEMBER’S STRONG RECOVERY: A DECADE IN REVIEW
The Toronto Real Estate Board reported a 17.4 per cent increase in residential sales year-over-year for December 2019. The 2019 calendar year reported 87,825 sales in total – up by 12.6 per cent compared to the decade low of 78,015 sales reported in 2018. As a result, 2019 sales were on par with the average […]