Toronto Real Estate Market Update - July 2023
Posted on Jul 13, 2023 in Market Update
Sales and Prices Remain Strong, but Challenges Persist
The Toronto real estate market continues to show resilience in May 2023, with home sales and average selling prices surpassing last year's levels. However, there are challenges on the horizon. The Toronto Regional Real Estate Board (TRREB) reports that although seasonally adjusted sales dipped s...
The Toronto real estate market continues to show resilience in May 2023, with home sales and average selling prices surpassing last year's levels. However, there are challenges on the horizon. The Toronto Regional Real Estate Board (TRREB) reports that although seasonally adjusted sales dipped s...
Toronto Real Estate Market Update - June 2023
Posted on Jun 08, 2023 in Market Update
The housing market in the Greater Toronto Area (GTA) continued its upward trajectory in May 2023, with promising sales figures. However, the availability of homes for sale failed to keep pace with the growing demand for ownership housing. Sales as a proportion of new listings saw a significant surge compared to the previous year, indicating intense...
Toronto Real Estate Market Update - April 2023
Posted on Apr 06, 2023 in Market Update
Greater Toronto Area (GTA) housing market conditions tightened in March 2023. Sales accounted for an increased s...
Toronto Real Estate Market Update - March 2023
Posted on Mar 09, 2023 in Market Update
February sales in the Greater Toronto Area (GTA) were down substantially from the pre-rate hike levels of early...
Toronto Real Estate Market Update - February 2023
Posted on Feb 09, 2023 in Market Update
As we moved from 2022 into 2023, the Greater Toronto Area housing market unfolded as expected. The number of January sales and the overall average selling price were similar to December 2022. On a year-over-year basis, both sales and prices were down, continuing to highlight the impact of higher borrowing costs on affordability over the last year.
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Toronto Real Estate Market Update - January 2023
Posted on Jan 12, 2023 in Market Update
The Greater Toronto Area housing market experienced a significant adjustment in 2022, following record levels in 2021. The market was plagued by existing affordability issues, brought on by a lack of housing supply, which were further exacerbated by sustained interest rate hikes by the Bank of Canada.
"Following a very strong start to the year, home...