Market Commentary Tag

As expected, January was a slow month in the Toronto real estate market. Just 4,009 sales were reported, up a wee bit from 3,987 last January. (For reference, there were 5,188 in January 2017; 4,640 in January 2016; and 4,318 in January 2015, so the last couple of...

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The Toronto real estate market had a slow-ish November, with sales volume dropping 14.7%, from 7,326 in November 2017 to 6,251 last month. At the same time, the number of new listings dropped 26.1%, from 14,260 to just 10,534, and the total number of listings...

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October was another solid month in the Toronto real estate market. TREB reported 7,492 sales, up 6% from October 2017. The average sale price (across all home types) edged up 3%, to $807,340. As I mentioned last month, prices have been relatively stable over the last...

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For most of 2018 so far, it has appeared that the Toronto real estate market has been 'down'. All along, I've been saying that it only looks that way because of the crazy price spike that occurred in the first few months of 2017, and...

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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...

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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...

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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...

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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...

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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...

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