A COMPETITIVE OCTOBER: WHAT’S HAPPENING IN THE MARKET?
The Toronto Real Estate Board reported a total of 8,491 residential sales within the GTA in October 2019. Demonstrating a 14 per cent increase compared to the sales reported in October 2018. Year-over-year, sales were up in the GTA for all major home types. Moreover, the trend of annual sales growth, due primarily to the […]
A TIGHT JULY: WHAT’S HAPPENING IN THE MARKET?
The Toronto Real Estate Board announced a reported number of 8,595 sales in July 2019. This result demonstrated a significant increase of 24.3 per cent in sales compared to July 2018. Sales were up 5.1 per cent on a month-over-month basis, after the anticipated seasonal adjustment. Tighter Conditions Year-over-year, the number of new listings entered […]
A COMPETITIVE JUNE: WHAT’S HAPPENING IN THE MARKET?
The Toronto Real Estate Board’s new President, Michael Collins, revealed a 10.4 per cent increase in June 2019 sales statistics compared to that of June 2018 with a total of 8,860 sales through the Greater Toronto Area. The number of new listings remained stationary during the month of June and we witnessed a 5.7 per […]
A FAVOURABLE MAY: WHAT’S HAPPENING IN THE MARKET?
The Toronto Real Estate Board announced that Greater Toronto Area reported 9,989 transactions in May 2019. While this result indicates a substantial increase of 18.9 per cent compared to the 15-year low back in May 2018, we still need to consider that the result is still below the average for May sales over the previous […]
MARCH’S TIGHTER CONDITIONS: WHAT’S HAPPENING IN THE MARKET
There were 7,187 home sales reported in the Greater Toronto Area (GTA) this March. The average price across housing types was $788,335. While March’s sales statistics have remained relatively flat year-over-year, the average sale price has risen. Current conditions On a year-over-year basis, March’s 2019 sales activity in the GTA has remained relatively steady reporting […]
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. […]
A STEADY JANUARY: WHAT’S HAPPENING IN THE MARKET
There were a reported 4,009 homes sold in the GTA in January, and the average selling price was $748,328. While these numbers don’t reflect dramatic year-over-year increases, there’s reason to find them encouraging as we consider the year ahead. Modest sales and price growth When it comes to overall transactions, the number of home sales […]
WRAPPING UP 2018: WHAT’S HAPPENING IN THE MARKET
December saw a reported 3,781 home sales in the GTA. There were 4,308 new listings, and the average sale price was $750,180. Analysts (and home buyers and sellers) can achieve a great deal of insight into current market conditions by viewing these numbers in the context of overall activity for 2018. Year-over-year changes The 3,781 […]
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 […]
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 […]