Blog

September was a decent month for real estate in Toronto. TREB reported 6,455 sales, up 1.9% over September 2017. I'd call that basically flat (i.e. stable). The average sale price hit $796,786, which was up 2.9% year-over-year. That basically the same as the inflation rate (the August...

Read More

The Toronto Real Estate Board reported 7,834 sales in May 2018, 22.2% fewer than May 2017. There were 19,022 new listings posted to the Board, 26.2% fewer than the same month last year. Despite fewer new listings, the total number of available listings increased by 13.2%,...

Read More

TREB reported 7,792 sales last month, a drop in volume of 32.1% from April 2017. The average sale price was down 12.4%, but keep in mind that at this time last year the market was still showing the effects of that massive price spike. April 2017...

Read More

Well, the TREB stats are out for March, and so are the breathless headlines! I was going to comment on a few of them, but the thought gave me a headache. ;) While sales volume fell significantly year-over-year (down about 40%), one has to remember that...

Read More

Once again, there's a lot of noise and nonsense about the Toronto real estate market. Headlines with words like "plummet" and "slump" make it seem as though the market is in bad shape. It's not. Firstly, we typically compare a month (e.g. February) to the same...

Read More

You may have heard that 'sales were down' in January, with the implication that that's a bad thing. As anyone actively involved in the Toronto real estate market knows, the market is not 'down' at all. In fact, it's crazy busy out there. The first thing...

Read More

The most obvious aspect of the September market was the drop in sales volume. Transactions were down 35.1%, from 9,830 last year to just 6,379 this year. At the same time, the number of active listings surged from 11,255 to 19,021, an increase of 69%. This is, broadly...

Read More

August was a slow month in the Toronto real estate market, which is fairly typical. TREB reported 6,357 sales, down 34.8% from the 9,748 sales we saw in August of 2016. While that sounds pretty dramatic, it's more than the 6,418 sales reported in August of 2012...

Read More