Toronto Real Estate Market Update - October 2021
Posted on Oct 07, 2021 in Market Update
September marked the transition from the slower summer market to the busier fall market in the Greater Toronto Area (GTA). Every year, we generally see an uptick in sales, average selling price and listings after Labour Day, and September 2021 was no different. Sales increased relative to August and were also at the third-highest mark on record for...
Toronto Real Estate Market Update - September 2021
Posted on Sep 15, 2021 in Market Update
While the market has taken its regular summer breather, it is clear that the demand for ownership housing remains strong. At the same time, the supply of listings is down. The result has been tighter market conditions and sustained competition between buyers, resulting in double-digit annual increases in selling prices.
"The fact that new listings w...
Toronto Real Estate Market Update - August 2021
Posted on Aug 12, 2021 in Market Update
“Demand for ownership housing has remained strong despite a pandemic-related lull in population growth. Of specific note is the condominium apartment market, which has seen a marked turn-around in 2021 with sales up compared to last year. First-time buyers, many of whom were slower to benefit from the initial r...
Toronto Real Estate Market Update - July 2021
Posted on Jul 09, 2021 in Market Update
June home sales were up compared to last year, but remained below the March 2021 peak and were lower than the number of transactions reported for May 2021, consistent with the regular seasonal trend. The average selling price in June increased by double digits compared to last year as well, but the annual rate of increase moderated compared to the...
Toronto Real Estate Market Update - June 2021
Posted on Jun 07, 2021 in Market Update
Home sales in the Greater Toronto Area were historically high in May 2021, but fell short of the 2016 record and were below this year's March peak. Despite a slight ebb in sales over the last two months, market conditions remained tight enough to push the average selling price to an all-time record in May.
There has been strong demand for ownership...
What to Look for in a Starter Home
Posted on Jun 03, 2021
Five practical thoughts for first-time homebuyers.
First-time homebuyers have a lot riding on their home-purchasing readiness. We've all heard that a home is probably one of the most expensive purchases you'll make in your lifetime. Potential buyers often dream of cool features, such as marble countertops and open concept living, but the reality of...