Nov
Following the 4.3% decline in year-over-year average sale price that we saw in September, October saw a slightly bigger decline, with the average sale price dipping 5.7% in October. There were 4,961 sales in October 2022, down from 9743 in October 2021. That's similar to the...
Read MoreMay
As happens from time to time, the Toronto real estate market has entered a pause. Lots of voices are pointing to increased mortgage rates, and that's a factor, but I think there's more to it than just that. The market was incredibly competitive for the...
Read MoreFeb
The Toronto real estate market has been characterized by low supply for years now. That's really been the primary driver of price increases. Sure, there are other factors like low interest rates, a strong and diverse job market, new and renovated homes that drive up...
Read MoreSep
The Toronto real estate market almost always takes a breather in the summer time, as both buyers and sellers turn to other activities - like enjoying the outdoors and having fun! But, the market never stops. Here's what happened over the last couple of months. July...
Read MoreApr
By now we've all been hearing for a couple of months about how 'hot' the Toronto real estate market is - and it is. Some of that has to do with COVID - i.e. we're comparing this busy March to post-lockdown March 2020 - but...
Read MoreJanuary was a busy month for real estate in Toronto. Here's what the Toronto Regional Real Estate Board (TRREB) had to say in their monthly summary: "• January 2021 home sales amounted to 6,928 – up by more than 50 per cent compared to January 2020....
Read MoreDec
The torrid pace of real estate transactions in this latter half of 2020 continued through November. TRREB reported 8,766 sales in November across the GTA, up 24.3% over November, 2019. New listings also increased, by 33.4% (from 8,651 in November 2019 to 11,545 in November...
Read MoreSeptember was a busy month in the Toronto real estate market. What stood out the most was the number of sales - 11,083, up 42.3% over the 7,791 sales reported in September, 2019. To give some perspective, here's what we saw in the last few Septembers: 2018 - 6,455 sales; 2017...
Read MoreApr
The whole COVID-19 thing really hit the fan in about mid-March. It's pretty amazing how clearly that shows up in the March sales stats put out by TRREB. In fact, the official report (the source of the data I reference in these reviews) makes the...
Read MoreJan
The Toronto real estate market had a decent December to close out 2019. There were 4,399 sales, up 17.4% over December 2018. It's worth noting, though, that 2018 was a very slow year and December of that year saw only 3,781 sales. For reference, December...
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