JANUARY’S STRONG START: WHAT’S HAPPENING IN THE MARKET?
The new decade has picked up right where 2019 left us. Home sales in January 2020 were up by 15.4 per cent compared to those of January 2019. Taking seasonal adjustment into account, sales were up by 4.8 per cent compared to December 2019 sales numbers. The number of sales competing with the dip in […]
DECEMBER’S STRONG RECOVERY: A DECADE IN REVIEW
The Toronto Real Estate Board reported a 17.4 per cent increase in residential sales year-over-year for December 2019. The 2019 calendar year reported 87,825 sales in total – up by 12.6 per cent compared to the decade low of 78,015 sales reported in 2018. As a result, 2019 sales were on par with the average […]
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 […]