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...
Read MoreJul
The Toronto Real Estate market continued to moderate in June. The first point to note is that the average sale price was up 6.3% over June, 2016. Somehow, TREB's HPI was up 25.3%, which may indicate that the unweighted average was brought down by a...
Read More2016 was a big year in Toronto real estate. For the second year in a row, TREB reported a record number of sales. Despite the volume of available listings shrinking, the number of sales hit 113,133 units, an 11.8% increase over 2015. The natural consequence...
Read MoreTwenty-fourteen is shaping up to be another great year for the Toronto real estate market. As I have said many times before, Toronto is unlike other markets. It drives me nuts when people talk about the 'Canadian real estate market', as if trends in smaller cities and...
Read MoreOct
Today TREB released the sales statistics for September. As I noted recently, sales activity has been up significantly this year, and September continued that trend: sales volume was up 30% over September, 2012. At the same time, the number of both new and active (total) listings were...
Read MoreWith the month of December being chock-a-block with seasonal activities (including a couple of birthdays in my family), I neglected to post about November market activity, so I'm combining November and December. :) November November was not a super-busy month. Sales activity (volume) added up to 5,793 units...
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I have written before about home buyer tips, but felt the need to update for the current market. Conditions in the Toronto real estate market change from month to month, season to season, and year to year. We are just getting started with the fall...
Read MoreDetails of Approved Toronto Land Transfer Tax Toronto City Council has approved a municipal land transfer tax that will be levied on top of the provincial land transfer tax. The Toronto Real Estate Board worked very hard to oppose this tax and commends the efforts of...
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