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. […]
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 […]
A PROMISING OCTOBER: WHAT’S HAPPENING IN THE MARKET
There were a reported 7,492 homes sales in the GTA in October, and the average selling price was $807,340. Sales and prices were both up year-over-year, which is a positive sign. That said, there were only 14,431 new listings for the month—a drop of 2.7 per cent from October of last year. Sales and prices […]
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 […]
STEADY RECOVERY IN AUGUST: WHAT’S HAPPENING IN TORONTO’S MARKET
Defying the skepticism of some analysts, recent TREB data reveals that Toronto’s housing market continued to rebound in August. Notably, there was a significant improvement in detached home sales, suggesting that buyers are eagerly returning to the market. While these developments are encouraging, supply remains an ongoing issue. Sales and prices on the rise There […]
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 […]
AN OPTIMISTIC JUNE: WHAT’S HAPPENING IN TORONTO’S MARKET
June marked Garry Bhaura’s first month as Toronto Real Estate Board (TREB) President, and things started off on a good note. There were positive shifts in Toronto’s housing market, including gains in both average home prices and the number of sales that occurred. Now, many commentators have turned their attention to predicting the levels of […]
A MORE COMPETITIVE MAY: WHAT’S HAPPENING IN TORONTO’S REAL ESTATE MARKET
Toronto’s May housing market wasn’t full of big surprises. However, there were some relatively small (but still noteworthy) developments. Sales and home prices were down year-over-year, reflecting the unusual market conditions of 2017 and the impact of recent stress tests. That said, there were indications of increased competition, which is expected to lead to price […]
A STABLE APRIL: WHAT’S HAPPENING IN THE TORONTO HOUSING MARKET
Toronto’s market showed significant signs of stabilizing this April. On the one hand, Toronto Real Estate Board (TREB) numbers were once again down on a year-over-year basis. On the other, the drop in month-over-month numbers wasn’t as steep as it was earlier this year—an encouraging development. Here’s what’s really going on. Making sense of […]