A MEASURED JUNE: WHAT’S HAPPENING IN THE MARKET?
As we round out the second quarter of 2022, higher borrowing costs continue to impact the Greater Toronto Area’s (GTA) housing market. Seasonally, June tends to have a lower number of transactions than May, and this year we saw the same trend, with the number of total sales at 6,474, a 41% decrease compared to […]
FEBRUARY’S CONDITIONS: WHAT’S HAPPENING IN THE MARKET
There were 5,025 home sales reported in the Greater Toronto Area (GTA) this February. The average price across housing types was $780,397. These numbers reflect some of the ongoing issues that have been impacting the market over the last two years… Current conditions On a year-over-year basis, February’s sales activity in the GTA was down. […]
CHANGE ON THE HORIZON IN NOVEMBER: WHAT’S HAPPENING IN THE MARKET
In the GTA, there were 6,251 residential real estate transactions during the month of November. The average selling price for a home was $788,345. While sales have dropped year-over-year, the average selling price has risen. In highly promising news, the Toronto Real Estate Board (TREB) is encouraged by the steps that policy-makers have begun taking […]
SEPTEMBER’S TIGHTER CONDITIONS: WHAT’S HAPPENING IN THE MARKET
According to the Toronto Real Estate Board (TREB), there were 6,455 home sales reported in September. The average selling price was $796,786. These figures reflect an increase in home sales and prices from September of 2017. Last year, buyers moved to the sidelines due to housing policy and lending rule changes. The market began rebounding […]
WHAT’S HAPPENING IN TORONTO REAL ESTATE MARKET
In line with Toronto housing market developments in June, home sales and prices continued to rebound in July. On the whole, growth for the month was strong—an encouraging development. That said, the number of new listings on the market was low, underscoring the fact that housing supply is an ongoing challenge. Sales are getting stronger […]
A Restrained March: What’s Happening in the Toronto Housing Market
“Restrained” is a good word to describe the March market. We saw many buyers holding off on making purchases due in large part to the OFSI’s stress tests and higher borrowing costs. The number of transactions reported through TREB’s MLS System dropped by 39.5 per cent from March, 2017. Tellingly, sales were also down 17.6 […]
An Indicative January: What’s Happening in Toronto’s Market?
2017’s record-breaking January stays on top This January was nothing to sneeze at – but it wasn’t quite enough to unseat 2017’s January as one of the busiest sales months ever. That isn’t to say that this January had nothing going for it. More than 8,500 new listings were added to MLS last month. That’s […]