Jun
The Toronto Regional Real Estate Board recently released its May Market Report. From my perspective, it contained no surprises: supply is still tight, there are lots of active buyers out there, and as a result prices are quickly approaching pre-correction levels - all stuff that...
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Usually by this point in the year, we are well into the 'spring market'. Sellers who have spent the last few months prepping their homes are ready to take advantage of the warmer weather to showcase their homes. Buyers respond by hopping on the bandwagon,...
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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...
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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...
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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...
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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...
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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....
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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...
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