Feb
Feb
The Toronto real estate market survived a roller-coaster-like year in 2017. The first quarter (Q1) saw wicked price increases, followed by a hard rebound in prices in Q2, which in turn was followed by a period of relative calm in Q3, then a surge in...
Read MoreOct
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 MoreSep
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 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 MoreMuch is being made (e.g. in the media) about the 'decline' in sales in Toronto. As I have been saying (writing) for years, it's one thing for the pace or volume of sales to decline, and another for prices to decline. It's true that the volume...
Read MoreMay
April was another busy month in the Toronto real estate market. New listings finally started to appear (21,630 new listings for the month, up 33.6% over April 2016) giving buyers more choice. Coupled with 11,630 sales for the month (down 3.3% from the 12,016 recorded in April...
Read MoreMar
Sometimes I feel like I could just copy-paste last month's review, update a few numbers and be done! The Toronto market has been reliably consistent for years and years: prices go up. Sometimes the supply goes down and sometimes...
Read MoreFeb
January marked a tremendous start to the 2017 Toronto real estate market. Sales volume was up 11.8% over January 2016 - which had been up 8.2% over 2015. New listings last month were down 17.6%, to 7,338, while the total number of available listings dropped 49.5%,...
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...
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