MARCH CONTINUES THE MOMENTUM: WHAT’S HAPPENING IN THE MARKET?
As we wrap up the first quarter of 2022, the sales and growth trends that we saw in the housing market in January and February remained consistent in March. TRREB’s MLS System reported a total of 10,955 sales in March 2022, a 30% drop compared to March 2021, while home prices continued to grow, with […]
A STABLE BUT FAST-MOVING FEBRUARY: WHAT’S HAPPENING IN THE MARKET?
Sales in February followed the trend January 2022 started – home sales were down compared to sales in February 2021, with 9,097 sales throughout the GTA reported in the TRREB MLS system. Compared to the 10,929 listings in January 2021, this represents a 16.8 percent decrease in the number of sales compared to the same […]
A STRONG START FOR JANUARY: WHAT’S HAPPENING IN THE MARKET?
Starting off the new year, a total of 5,636 sales were reported through the TRREB MLS System in January 2022, a number that is down 18.2% year-over-year. New listings similarly followed new sales, down 15.5% from January 2021. Although sales were significantly down from the previous year, January 2022 reported the second highest number of […]
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 DEMANDING OCTOBER: WHAT’S HAPPENING IN THE MARKET?
Home sales in the GTA have reached the second-highest level on record for the month of October. However, the inventory of homes listed for sale did not keep up with the pace of demand. The number of new listings had dropped by approximately 33% compared to October 2020. Market conditions tightened across all major home […]
AN ASTONISHING AUGUST: WHAT’S HAPPENING IN THE MARKET?
While the market has taken its usual summer breather, TREB is reporting the 3rd best sales result on record for the month of August 2021. It is obvious that the homeowner demand has sustained and remains strong. However, the supply of new listings is down which has resulted in tighter market conditions and even more […]
A ROBUST JUNE: WHAT’S HAPPENING IN THE MARKET?
Home sales in June 2021 were up compared to the sales we saw this time last year, however, numbers remained below the March 2021 peak and were lower than the number of transactions reported for May 2021. The regular seasonal trend remained consistent, the average selling price in June increased by double digits compared to […]
A STEADY MAY: WHAT’S HAPPENING IN THE MARKET?
The Toronto Real Estate Board specified that residential transactions in May 2021 remained steady, however, fell short of the 2016 record and remained below the peak numbers we saw in March. Despite the slight decrease in sales over the last two months, market conditions remained tight enough to drive the average selling price to an […]
A FANTASTIC FEBRUARY: WHAT’S HAPPENING IN THE MARKET?
We witnessed another record-breaking month this February as Buyers remained confident in their employment situations and took advantage of ultra-low borrowing costs. As competition between multiple buyers for reduced inventory continued so did the annual price growth! There were 10,970 sales reported through TRREB’s MLS System in February 2021 which resulted in a 52.5 per […]
DOUBLING DOWN IN NOVEMBER: WHAT’S HAPPENING IN THE MARKET?
The record remains unbroken as the pace of home sales in the fall persists at a strong rate. 8,766 sales were reported in November by GTA Realtors through TRREB’s MLS system. The strength of year-over-year growth was predominantly apparent within the single-family home types within the GTA. Home Buyers continued to reap the benefits of […]