Summer is the new spring in the Toronto real estate market this year and this makes perfect sense as we see buyers and sellers re-entering the market given improving public health conditions. The number of sales in July 2020 was up 29.5% on a year-over-year basis and up 49.5% compared to June 2020. With new listings up 24.7% on a year-over-year basis, market conditions have continued to tighten supporting price growth across the GTA. Average selling prices were up... [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]

August was another hot month for the Toronto real estate market with activity more akin to that of a spring market than a summer market. The number of sales in August 2020 was up 40.3% on a year-over-year basis. New listings and active listings were both up on a year-over-year basis. However, a stronger increase in the number of new condo listings against condo sales has resulted in balanced condo market conditions. Average selling prices were up 20.1% on a year-over-year... [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]

Market conditions in the Greater Toronto Area (GTA) continued to improve in the month of June as pent-up demand returned to the market. The number of sales was down by only 1.4% on a year-over-year basis, but up a whopping 84% compared to May 2020. Average selling prices were up 11.9% on a year-over-year basis and up 9.8% compared to May 2020. As always, if you are thinking about buying, selling, or investing in real estate at this time you should seek the professional advice of... [read more]