Market conditions continued to tighten in October as the number of sales outpaced new listings. As a result, the Home Price Index Composite experienced the strongest rate of annual growth since December 2017. Sales were up by 14% compared to October 2018 while new listings were down 9.6%. The average price for all homes was up 5.5% on a year-over-year basis. Toronto Real Estate Board (TREB) Market Watch Report Below is a market snapshot of single family detached and... [read more]

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]

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]

Market conditions continued to tighten in September as the number of sales outpaced new listings. Sales were up by 22% compared to September 2018 while new listings were down 1.9%. The average price for all homes was up 5.8% on a year-over-year basis. Toronto Real Estate Board (TREB) Market Watch Report Below is a market snapshot of single family detached and condominium apartment price growth by municipality as of September 30, 2019. The figures cited in this... [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]