A MORE BALANCED SEPTEMBER: WHAT’S HAPPENING IN THE MARKET?
The GTA housing market faced some challenges in September, as high borrowing costs, inflation, and slower economic growth weighed on home sales. Nonetheless, despite the increase in listings supply, the average selling price remained higher than the previous year. Looking ahead, the short-term and medium-term outlooks for the GTA housing market appear to be somewhat […]
THE BATTLE BETWEEN SUPPLY VS. DEMAND CONTINUES IN NOVEMBER: WHAT’S HAPPENING IN THE MARKET?
New all-time highs and records were set this past month. Home sales reached a new record for the month of November and the average selling price also reached a new all-time high. New listings were down substantially compared to last year across all market segments – further highlighting the apparent supply issue within the GTA. […]
A STRONG JULY: WHAT’S HAPPENING IN THE MARKET?
July 2020 certainly bounced back economically within Toronto’s Real Estate Market. The Toronto Real Estate Board reported 11,081 sales through TRREB’s MLS System in July 2020. This figure set a new record for the month of July and displayed a 29.5 per cent increase over July 2019. On a preliminary seasonally adjusted basis, sales increased […]
A PROMISING MAY: WHAT’S HAPPENING IN THE MARKET? | COVID-19
As our city continues the fight against the COVID-19 pandemic by extending Toronto’s state of emergency until July, indefinitely, adjustments have had to be made all around. The Toronto Real Estate Market has continued to feel the effects of this pandemic, although, keeping in mind the seasonal adjustments that occur throughout the year, Toronto’s Real […]
A FAST-PACED FEBRUARY: WHAT’S HAPPENING IN THE MARKET?
February 2020 proved a fast-paced month for Toronto real estate and it’s only predicted to move faster. The pace remained in line with the forecast and displayed a very strong year-over-year price and sales growth. The staggering growth in residential transactions increased by 45.6 per cent compared to sales in February 2019. Although, February 2020 […]
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 […]