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 […]
5 Ways Families Can Prep Kids for Back to School
Back to school is just around the corner, and while parents and children alike will want to make the most of the remaining vacation time, there are a few things you should do before the school year officially starts. These five ideas can ensure that your family begins the new school year seamlessly especially as […]
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 […]
GETTING YOUR BACKYARD READY FOR SUMMER
As Canadians who experience cold, snowy winters, we always find ourselves looking forward to the warmer months out of the year. If you’re looking forward to a summer spent enjoying your backyard, take a look through our summer yard prep to-do list to help ensure a vibrant, healthy yard all season long: Inspect trees and […]
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 FANTASTIC FEBRUARY: WHAT’S HAPPENING IN THE MARKET?
We witnessed another record-breaking month this February as Buyers remained confident in their employment situations and took advantage of ultra-low borrowing costs. As competition between multiple buyers for reduced inventory continued so did the annual price growth! There were 10,970 sales reported through TRREB’s MLS System in February 2021 which resulted in a 52.5 per […]
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. […]