A FAST-PACED NOVEMBER: WHAT’S HAPPENING IN THE MARKET?
The Toronto Real Estate Board reported a 14.2 per cent increase in sales in November 2019 compared to November 2018. With reports of 7,090 sales throughout November, sales were up year-over-year as a result in all segments of the market. Moreover, the number of new listings entered into TREB’s MLS System in November 2019 compared […]
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 […]