A MORE ACCESSIBLE APRIL: WHAT’S HAPPENING IN THE MARKET?
In April, the Greater Toronto Area (GTA) housing market saw more buyers adjust to the Central Bank’s rate hikes. TRREB’s MLS System reported a total of 8,008 homes sold in April 2022, representing a 41.2 percent decrease year over year, and a 27 percent decrease compared to March 2022. With borrowing costs expecting to increase […]
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. […]