SEARCHING FOR STABILITY IN AUGUST: WHAT’S HAPPENING IN THE MARKET?
In August 2023, there was a decrease in home sales compared to the same period in 2022 due to higher borrowing costs, uncertainty about the economy and Bank of Canada’s decision-making, and a limited supply of listings. However, the average selling price remained relatively stable. On a monthly basis, both sales and average price slightly […]
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 […]
ONE YEAR SINCE THE INITIAL IMPACT OF COVID-19 IN OUR CITY: WHAT’S HAPPENING IN THE MARKET?
As we reflect back on March 2021, we recognize that we’ve now witnessed record-breaking home sales consistently for the first 3 months of 2021 in the GTA. The driving forces of these staggering numbers are Buyers taking advantage of the favourable borrowing costs and continued improvement in many sectors of the economy. There were 15,652 […]
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 […]
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 […]