2017 Year in Review: What Happened in Toronto’s Market?
A record-setting number of sales in…2016. It’s no surprise that Toronto’s 2017 sales numbers pale in comparison to the record-setting 2016. There were almost 20% fewer sales throughout the year in comparison to 2016, with many buyers waiting for prices to bottom out and sellers holding out for long-term price growth. The slower activity is […]
Trend-Busting November: What’s Happening in Toronto’s Market?
Seasonality – Or Lack Thereof – In 2017 In previous years, we’ve seen a rock-solid trend: Sales activity drops from October to November. With Black Friday, cold weather, and people gearing up for the holidays, buying and selling homes becomes a lower priority mid-November and beyond. We’ve come to expect that. This year, though, that’s changed. […]
Condos Ruled October: What’s Happening in Toronto’s Market?
Sale numbers are up from September The Toronto Real Estate Board President Tim Syrianos has announced that sale numbers are up from September to October, by almost 12 percent. While we usually see a jump every year between September and October, this year is more pronounced. Normally, month-to-month changes aren’t in the double-digits. But, of […]