We find ourselves in yet another province-wide lockdown. Real estate remains an essential service, so if you need to buy, sell, or rent during this time it is still possible. Sales have continued to climb at a record pace. Overall, March 2021 vs March 2020 sales increased by +97% (“416 Zones” +86% / “905 Zones” +103%)  with all 65 TRREB zones posting year-over-year gains - ranging from +32% to +230%. Caution - we need to be careful when comparing 2021 vs. 2020... [read more]

Toronto results continue their climb upward. Overall, Feb 2021 vs. Feb 2020 sales increased by +53% with all but 2 of TRREB’s 65 zones posting year-over-year gains. While all property types were up by at least 40%+ (detached, semi-detached, townhomes, condos), condominiums led the way with an increase of +64%. With respect to average price, the overall TRREB average price exceeded $1,000,000 for the first time ever, up +15% from Feb 2020. However, the increase in average price... [read more]

As the lockdown continues in Toronto, I hope you and your family are doing well and getting through. Markets trends observed at the end of 2020 continued in the first month of 2021 with the low-rise property market remaining strong and the condo and rental markets showings signs of a bottom. See below for updated market reports, including Q4 data for the condo and rental markets.  Earlier this month, the Toronto Regional Real Estate Board released their annual Market Year in... [read more]

Today marks the first day of the new province-wide stay-at-home order. Real estate remains an essential service, so if you need to move at this time, it is still possible. Despite increasing case counts and concerns over COVID-19 at the end of 2020, the Toronto real estate market has continued to heat up with the number of sales and prices up on a year-over-year basis (see Market Watch Report below).  Condos were of particular interest in December with a spike in the number of sales... [read more]

September was another strong month for the Toronto real estate market with strength driven mostly by the low-rise market (detached, semi-detached, and townhome properties). The number of sales was up 42.3% compared to September 2019 and average selling prices were also up 14% on a year-over-year basis. As always, if you are thinking about buying, selling, or investing in real estate at this time you should seek the professional advice of a REALTOR®️. Please feel free to... [read more]