As usual, the Toronto real estate market picked up after Labour Day. As TRREB put it in their monthly summary, "Sales increased relative to August and were also at the third-highest mark on record for the month of September. The average selling price was up both...
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Mortgage rates Tag
07
Jul
Market Review – June 2017
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 MoreAs expected, December 2014 turned out to be a relatively busy month in the Toronto real estate market. The 4,446 transactions reported by TREB represents a 9.6% increase in sales volume over December 2013 - no mean feat in the face of 10.4% fewer available listings....
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06
Mar
February 2014 Market Review
Cold weather is often an obstacle in real estate - especially when there's snow, too. That seems to have been a factor in the February sales numbers, but more on the supply side than the demand side. There were 2.1% more sales in February, 2014...
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...
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03
Oct
September 2013 Market Review
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 MoreYesterday (Sept.5th) TREB released the monthly sales stats for August. Following a busier-than-usual July, August sales were up 21% to 7,569 residential transactions (compared to 6,249 sales in August 2012). The average price also continues to rise, up 5.5% year-over-year. Of note, the Composite Home Index, which...
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